Maine Savings FCU Launches Maine Savings Foundation with First Round of Community Grants


Maine Savings FCU is proud to announce the official launch of the Maine Savings Foundation, a new philanthropic initiative dedicated to strengthening Maine communities through strategic investment and meaningful engagement.

As part of this launch, the Foundation is introducing its first initiative: the Beyond Banking Grant Program, which will award five $5,000 grants to local organizations making a real impact in the lives of Mainers. This program is designed to support projects that align with one or more of the following focus areas:

  • Health & Wellness
  • Education
  • Culture & Arts
  • Social & Civic Services

“We believe the most meaningful change happens at the local level—where people are deeply connected and committed to one another’s success,” said Vanessa Madore, President & CEO of Maine Savings FCU. “The Maine Savings Foundation reflects our values in action. It’s about more than giving back—it’s about walking alongside our neighbors to build a stronger, more resilient Maine.”

“The idea for the Foundation came from a simple belief that we could do more than offer great financial services,” said John Reed, former President & CEO of Maine Savings FCU and current Foundation board member. “We could be a true partner in shaping Maine’s future. I’m proud to see that vision come to life and to continue supporting it in this next chapter.”

The Beyond Banking Grant Program embodies the spirit of Maine Savings’ promise to go Beyond Banking—by offering more than financial services. It’s a commitment to uplift, empower, and invest in the people and communities that define our state.

About the Grant Program:

  • Grant Amounts: Five $5,000 grants
  • Application Period: September 8 – October 6
  • Grant Recipients Announced: December 10
  • Eligibility: Public charities and grassroots organizations based in Maine

To learn more or apply, visit the official Foundation page at mainesavings.com/maine-savings-foundation/.