Northfield Savings Bank Foundation announces $445,000 in support for local nonprofits


Vermont Business Magazine The Northfield Savings Bank Foundation announced five community partnerships and $445,000 in financial support to be used over the next two years. The Boys & Girls Club of Burlington, Lund Family Center, Mercy Connections, Spectrum Youth and Family Services and the Center for Financial Literacy at Champlain College will each receive a contribution to meet the growing needs of our community.

“The NSB Foundation is delighted to initiate these partnerships and support the ongoing work of the five organizations. Individually, each is an important resource for our friends and neighbours; collectively, they form an important ecosystem for Vermonters as they navigate their personal and professional journeys,” said Nicole Carignan, Chair of the NSB Foundation Board of Directors.

NSB Foundation funding will be directed to programs aimed at: providing academic support for young people to succeed in high school and post-secondary education; strengthen Vermont families; helping underserved Vermonters and new Americans on the path to business ownership; expand access to counseling services for more adolescents and young adults struggling with mental health and addiction issues; and providing tuition assistance for Vermont educators to bring financial literacy training to high schools across the state.

“Northfield Savings Bank Foundation’s investment in Mercy Connections supports aspiring entrepreneurs traditionally excluded from the business world, creating businesses, jobs and a more inclusive Vermont economy,” said Lisa Falcone, Executive Director.

According to John Pelletier, director of the Center for Financial Literacy at Champlain College, “These funds will allow us to offer a free postgraduate course in financial literacy to 30 educators in Vermont. We estimate that, even after accounting for steady attrition from the profession, these 30 educators will deliver high-quality financial education to approximately 15,000 Vermont students over the next decade. »

The NSB Foundation focuses on community partnerships that improve outcomes for Vermonters in the areas of financial literacy, at-risk youth, and education.

About NSB and NSBF

The Northfield Savings Bank Foundation (NSBF) was established in 2000 through Northfield Savings Bank (NSB) as part of the NSB’s longstanding commitment to giving back to the local community. The Foundation supports Vermont’s efforts focused on improving residents’ well-being and independence in areas such as financial literacy, education, and at-risk youth.

Northfield Savings Bank is the largest bank headquartered in Vermont, with 14 branches serving consumer and commercial customers in central Vermont and Chittenden County. Founded in 1867, NSB has remained a mutual institution throughout its history, focused on strong community impact in Green Mountain State.


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