Heritage Salem Five Charitable Foundation Awards $5,000

Salem Five Heritage Charitable Foundation logo

Salem, Mass., February 15, 2019 – As part of its enduring commitment to help build self-sustaining, thriving communities, Salem Five recently awarded $5,000 to nine nonprofit organizations on behalf of the Heritage Salem Five Charitable Foundation. The grant recipients were:

  • Catholic Charities North, an organization that serves more than 18,000 in-need children, youth, and adults annually in communities north of Boston.
  • Chelsea Restoration Corporation, a nonprofit that promotes home ownership for low-to-moderate income residents of Chelsea, Revere, Saugus and the surrounding communities.
  • Family Promise Northshore, which aims to return newly homeless families to economic self-sufficiency, while serving each family that experiences homelessness in a manner that embraces the dignity and strength of the family.
  • The Landmark School, a coeducational day and residential school for students in grades 2–12 diagnosed with dyslexia or another language-based learning disability.
  • Merrimack Valley Catholic Charities, an organization that provides a wide range of services to nearly 30,000 people in need annually in the cities of Lowell, Lawrence, Haverhill and surrounding communities.
  • Mission of Deeds, a non-profit volunteer organization that provides beds, used furniture and household items to families in need.
  • North Shore Moving Market, an organization that provides free groceries and free delivery service to elderly and disabled citizens in the community.
  • Root, a nonprofit social enterprise utilizing food service as an employment skills training and job placement program for youth ages 16-24.
  • The Salem Backpack Program, which provides food-filled backpacks to Salem elementary students in need of food over the weekend.

The Heritage Salem Five Charitable Foundation was created to honor the charitable giving legacy of Heritage Co-Operative Bank in its 2006 merger with Salem Five. Awards are granted semi-annually to nonprofit organizations who target one or more of its primary areas of focus: education, health and human services, youth programs, affordable housing and community development.

The foundation is overseen by President Donald S. Glass, who was a member of the board of directors at the former Heritage Co-Operative Bank and now serves as a member of the Salem Five executive board of trustees.

“The cities and towns we serve are greatly enhanced by the tireless efforts of these wonderful organizations,” said Glass. “Their continued service to others remind us that strong communities lift up all of their residents, and they exemplify what make our communities special places to live, work and play.”

Salem Five Bancorp is the parent bank holding company of Salem Five (www.salemfive.com), a mutual institution founded in 1855. Salem Five aims to make money less complicated and thereby make customers’ lives simpler and easier by offering sophisticated retail and commercial banking products, personalized service and innovative technology. Salem Five is one of the largest Massachusetts-headquartered banks with $5 billion in assets and 35 retail branches in Essex, Middlesex, Norfolk and Suffolk counties. Divisions include Salem Five Mortgage Company, which has financed more homes than any other Massachusetts bank; Salem Five Investment Services which offers financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Agency, 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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