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Charitable Guidelines

Franklin Savings Bank Community Development FoundationFranklin Savings Bank is a true Community Bank. We take pride in our generous support of various causes in the community. However, we get far more requests for donations than we are able to satisfy. These guidelines are intended to help streamline the process and give you an idea of the kinds of support we might consider.

  • We require a 501(c)(3) tax ID number and copy of your IRS non-profit determination letter for any donations from the Foundation.

  • All requests for funding should be made in writing by letter or the Charitable Request form. This can be mailed to the FSB Community Development Foundation at PO Box 825, Farmington ME 04938.

Things to consider before submitting a request:

  • We only consider requests that benefit the communities of our local lending area. Please be aware we are a Maine bank and do not serve New Hampshire. We do business primarily in Western and Central Maine with commercial only services offered in Ellsworth. Our Main Office is in Farmington and we have branches in Rumford, Rangeley, Skowhegan, Jay, Wilton and Mt. Blue Campus.

  • We favor requests that target economic development in our area and bring business or jobs to our communities.

  • We favor requests that help the low income housing situation and offer other benefits targeted in different ways to low income people or people who live in an area designated as under-served.

  • We favor requests that assist with job retraining for workers displaced from traditional industries.

  • Regretfully, we are not able to assist individuals raising money to go on a trip where the benefit is not to a team, school or the community but to the individual (example: student ambassador programs, various student leadership conferences, cheerleader competitions in Hawaii, etc.).

  • We are also not able to help individuals who need help for a personal crisis or medical problem.

  • Although we support many charitable fund-raising events through our corporate sponsorships, we are not able to assist individuals seeking pledges for charity walks.

  • We have one of the most generous scholarship programs in the region and, for that reason, we are not able to contribute to other scholarships fund-raising efforts.

  • We are also not able to help schools that are not state approved or organizations that are outside our lending area.