Salem Five Charitable Foundation Surprises Non-Profits with Donations


Organizations split $27,500 through the Bank’s “Make a Difference in December” Program

Salem, MA., December 20, 2021 – The Salem Five Charitable Foundation has awarded $27,500 to 11 different not-for-profit organizations that provide food and other social services to needy people and families, the Bank announced today.

The “Make a Difference in December” Program identifies organizations that did not receive grants from the Foundation during the calendar year, yet whose track record of helping people is well established – making them eligible to each receive a $2,500 donation.

“There are many great organizations making our communities a better place to work and live, so we use this program to make sure we are supporting organizations that truly improve peoples’ lives,” said Salem Five President and CEO Ping Yin Chai.  “It is a privilege to support these organizations, particularly during the season of giving.”

The following organizations received grants from the Salem Five Charitable Foundation:

  • Acord Food Pantry, Hamilton
  • People Helping People, Burlington
  • The First Congregational Church in Stoneham/God’s Helping Hand Food Pantry, Stoneham
  • The Open Pantry of Greater Lowell, Lowell
  • Bread of Life, Malden
  • Needham Community Council (Food Pantry), Needham
  • The Sudbury Community Food Pantry, Sudbury
  • Lynn Shelter Association, Lynn
  • Plummer Youth Promise, Salem
  • The Caleb Group, Swampscott
  • Greater Lawrence Community Action Council, Lawrence

Founded in 1996, the Salem Five Charitable Foundation works to support not-for-profit organizations that are making a positive impact in the communities served by the Bank, ensuring vibrant and viable futures for the people they serve.

 

About Salem Five Bank

Salem Five Bank (www.salemfive.com) is a mutual bank founded in 1855. Whatever the need and whatever the goal, Salem Five’s banking, investment and insurance professionals have the expertise to move customers forward. Salem Five has almost $6 billion in assets and 34 retail branches in Essex, Middlesex, Norfolk and Suffolk counties. Divisions include Salem Five Mortgage Company, one of the largest mortgage lenders headquartered in New England; Salem Five Wealth Management and Trust Services, which offers financial and retirement income planning, portfolio review and money management; Salem Five Wealth Management & Trust offering fiduciary wealth management services to institutions and high-net-worth individuals, and Salem Five Insurance Services, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC and DIF. Salem Five Mortgage Company’s NMLS # is 4662. Equal Housing Lender. Securities are offered through LPL Financial, member FINRA/SIPC. Life insurance products are offered through LPL Financial or its licensed affiliates. Insurance and investment products are not FDIC insured, not bank guaranteed, may lose value, not a deposit, and not insured by any federal government agency.



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