Submitted by Elizabeth A. Kuhns, Essex Savings Bank.
April 30, 2021 – Essex, Connecticut – Essex Savings Bank is pleased to announce that through its Community Investment Program (CIP), the Bank will be distributing $147,748 to support local non-profits and civic groups in 2021. Gregory R. Shook, President & CEO stated, “The Bank is pleased that it is able to make funding available in light of the difficulties the COVID-19 pandemic has had on our community.”
The Bank’s CIP provides up to 10% of its net income and allocates 30% of funds by customers voting for three of their favorite participating nonprofits on an annual ballot. The remaining 70% of funding is distributed by the Bank’s Directors, Senior Officers, Branch Managers and the Bank’s wholly owned subsidiary Essex Financial Services, Inc. Through its CIP, the Bank has donated $5 million dollars to hundreds of local nonprofit organizations since inception.
Throughout the month of February, customers were able to vote for their three favorite nonprofit organizations through its annual customer ballot initiative. Essex Savings Bank is delighted to share those results which included 64 organizations receiving a total of $57,000. The Shoreline Soup Kitchen & Food Pantries, which has received the greatest number of votes every year they have participated, was again awarded the largest number of votes translating into the largest monetary award, over $6,500. The top ten organizations which included organizations whose missions support low income individuals, animals, emergency services and both youth and elderly support, received a combined total of nearly $24,000. In addition to these donations, many of the Bank’s employees offer their time and expertise to nonprofit organizations in both official board and volunteer capacities.
Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in Essex (2), Chester, Madison, Old Lyme and Old Saybrook providing a full complement of personal and business banking. Financial, estate, insurance and retirement planning are offered throughout the state by the Bank’s Trust Department and wholly-owned subsidiary, Essex Financial Services, Inc., Member FINRA, SIPC.
RESULTS OF ESSEX SAVINGS BANK CUSTOMER BALLOTING
COMMUNITY INVESTMENT PROGRAM 2020
|
Organization |
Total |
2020 Amount |
| The Shoreline Soup Kitchens & Pantries, Inc. | 552 | $6,565.00 |
| Forgotten Felines, Inc. | 239 | $2,842.00 |
| Valley Shore Animal Welfare League | 220 | $2,616.00 |
| Bikes for Kids, Inc. | 189 | $2,248.00 |
| Estuary Council of Seniors, Inc. – Meals on Wheels | 173 | $2,057.00 |
| High Hopes Therapeutic Riding, Inc. | 143 | $1,701.00 |
| Tait’s Every Animal Matters (TEAM) | 133 | $1,582.00 |
| Ivoryton Playhouse Foundation, Inc. | 124 | $1,475.00 |
| Camp Hazen YMCA | 115 | $1,368.00 |
| Essex Fire Engine Company No. 1 | 110 | $1,308.00 |
| Pet Connections, Inc. | 107 | $1,272.00 |
| Deep River Fire Department, Inc. | 100 | $1,189.00 |
| Old Saybrook Fire Department No. One, Inc. | 100 | $1,189.00 |
| Essex Land Trust | 98 | $1,165.00 |
| Chester Historical Society | 91 | $1,082.00 |
| Deep River Ambulance Association, Inc. | 86 | $1,023.00 |
| Friends of Hammonasset | 84 | $999.00 |
| The Essex Library Association, Inc. | 83 | $987.00 |
| Lyme Ambulance Association, Inc. | 83 | $987.00 |
| Ivoryton Library Association | 82 | $975.00 |
| Valley Shore YMCA | 81 | $963.00 |
| Lyme Fire Company | 80 | $951.00 |
| Old Lyme Fire Department, Inc. | 66 | $785.00 |
| The Katherine Hepburn Cultural Arts Center, Inc. (The Kate) | 63 | $749.00 |
| Deep River Historical Society, Inc. | 62 | $737.00 |
| Madison Ambulance Association, Inc. | 61 | $725.00 |
| Common Good Gardens, Inc. | 60 | $714.00 |
| Chester Land Trust | 59 | $702.00 |
| Connecticut Cancer Foundation, Inc. | 57 | $678.00 |
| The Connecticut River Museum at Steamboat Dock | 57 | $678.00 |
| Brian House of Chester | 56 | $666.00 |
| Region 4 Education Foundation | 55 | $654.00 |
| Westbrook Project Graduation, Inc. | 55 | $654.00 |
| Westbrook Youth and Family Services, Inc. | 55 | $654.00 |
| Essex Historical Society, Inc. | 54 | $642.00 |
| Lyme Land Conservation Trust, Inc. | 52 | $618.00 |
| Lymes’ Youth Service Bureau | 52 | $618.00 |
| Old Lyme Visiting Nurse Association, Inc. | 50 | $595.00 |
| Old Saybrook Land Trust, Inc. | 50 | $595.00 |
| SARAH, Inc. | 50 | $595.00 |
| Community Music School | 48 | $571.00 |
| Friends of the Essex Library | 48 | $571.00 |
| Pandemonium Rainforest Project, Inc. | 43 | $511.00 |
| Old Saybrook Historical Society | 39 | $464.00 |
| Angel Charities, Inc. | 37 | $440.00 |
| Essex Community Fund, Inc. | 36 | $428.00 |
| Lyme Public Hall & Local History Archives, Inc. | 36 | $428.00 |
| Pettipaug Junior Sailing Academy, Inc. | 36 | $428.00 |
| Hope Partnership, Inc. | 35 | $416.00 |
| Ivoryton Village Alliance | 35 | $416.00 |
| Sailing Masters of 1812 Fife and Drum Corps, Inc. | 34 | $404.00 |
| Lyme Art Association, Inc. | 33 | $392.00 |
| Old Lyme Land Trust, Inc. | 33 | $392.00 |
| Act II Thrift Shop, Inc. | 28 | $333.00 |
| Sister Cities Essex Haiti, Inc. | 28 | $333.00 |
| Cappella Cantorum, Inc. | 25 | $297.00 |
| Ruth Ann Heller Music Foundation, Inc. | 20 | $238.00 |
| Old Lyme Children’s Learning Center, Inc. | 19 | $226.00 |
| Lymes’ Elderly Housing, Inc. (Lymewood) | 17 | $202.00 |
| Friends of Madison Youth, Inc. d/b/a The Barn | 16 | $191.00 |
| Friends of the Deep River Public Library, Inc. | 16 | $191.00 |
| Old Lyme Historical Society, Inc. | 16 | $191.00 |
| Brazilian and American Youth Cultural Exchange (BRAYCE) | 15 | $178.00 |
| Deep River Elementary School PTO, Inc | 13 | $156.00 |
