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Essex Savings' program shares with 30 nonprofits

By Lee Howard

Publication: The Day

Published September 13. 2013 4:00AM

Essex - Essex Savings Bank announced this week that 30 nonprofits will share more than $100,000 from the directors' portion of the financial institution's Community Investment Program.

The largest portion of the $103,196 allotment went to High Hopes Therapeutic Riding of Old Lyme, which received $7,000 for programming and publicity.

Other top recipients included Florence Griswold Museum in Old Lyme, $6,750; the Community Foundation of Middlesex County, $6,500, and the Connecticut River Museum, $5,500.

Another significant donation will be shared by eight libraries through the Adopt a Library Program. The $5,636 contribution is earmarked for the libraries to subscribe to eight magazines of their choice.

Most funding amounts ranged from $500 to $5,000. This year's overall directors' allotment was slightly above the $102,250 handed out last year at this time.

Nonprofits receiving $5,000 contributions were Goodspeed Musicals of East Haddam and Chester, the Katharine Hepburn Cultural Arts Center & Theatre in Old Saybrook, Lyme Academy College of Fine Arts in Old Lyme, Lawrence & Memorial Hospital and Middlesex Hospital.

The bank, led by President and Chief Executive Officer Gregory R. Shook, annually contributes 10 percent of its after-tax profits to nonprofit groups in the community. In April, the bank committed $77,400 to 71 nonprofits, based on customer balloting.

The mutual savings bank said it expects to donate more than $250,000 to more than 200 local nonprofits by the end of the year. That would bring total distributions through the bank's Community Investment Program to about $3.7 million over the 17-year history of the program.

l.howard@theday.com

 

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Nonprofit recipients

Adopt a Library Program $5,636

Bushy Hill Nature Center $1,500

Camp Hazen YMCA $3,500

Chester Historical Society $1,500

Child & Family Agency of SE Connecticut $4,000

Community Foundation of Middlesex County $6,500

Connecticut River Museum at Steamboat Dock $5,500

Deep River Historical Society $1,500

Essex Historical Society $1,500

Essex Land Trust $2,500

Estuary Council of Seniors $2,500

Essex Savings Bank Community Reinvestment Account $4,060

Florence Griswold Museum $6,750

Goodspeed Musicals $5,000

High Hopes Therapeutic Riding $7,000

Ivoryton Village Alliance $1,500

Katharine Hepburn Cultural Arts Center & Theatre $5,000

Lawrence + Memorial Hospital $5,000

Lyme Academy College of Fine Arts $5,000

Lyme Art Association $1,750

Lyme Public Library $1,000

Lymes' Youth Service Bureau $4,000

MacCurdy Salisbury Educational Foundation $1,500

Madison Historical Society $1,500

Maritime Education Network $1,500

Middlesex Hospital $5,000

Musical Masterworks $2,500

Old Lyme-Phoebe Griffin Noyes Library $1,500

Tri-Town Youth Service Bureau $4,000

Valley-Shore YMCA $3,500

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