Martha’s Vineyard Savings Bank Fund makes grant awards

The Martha’s Vineyard Savings Bank Charitable Fund, a donor-advised fund with the Permanent Endowment for Martha’s Vineyard, announced that seven community groups and local nonprofit organizations had received $11,500 in 2011 winter grants.

“At the Martha’s Vineyard Savings Bank, we are committed to our community and to doing our part to support the organizations and people that help make the Vineyard such a great place,” Chris Wells, President of the Martha’s Vineyard Savings Bank, said. “We are happy to have supported 24 local nonprofits this past year through the Martha’s Vineyard Savings Bank Charitable Fund and look forward to another year of collaboration to help improve the quality of life on the Island for all of us.”

The grant recipients included the American Red Cross Cape Cod and Islands Chapter, Island Food Pantry, Martha’s Vineyard Community Services, Martha’s Vineyard Youth Leadership Initiative, Oak Bluffs Council on Aging, Rising Tide Therapeutic Equestrian Center and The Yard.

The Fund also announced the award of $4,863 in so called mini-grants to 14 local school teachers representing seven schools on the Vineyard.

The mini-grant program supports teachers in the community “who stand out by creating projects that inspire learning both inside and outside of their classrooms,” according to a press release. The grants are used to defray the cost of materials and resources that may be unavailable through typical channels of school funding.

“The support that we are able to provide for enhanced learning strengthens the possibilities and opportunities of our youth in today’s competitive environment,” said Patti Leighton, Fund chairman.

For more information, go to mvbank.com or call Patti Leighton at 508-627-4266.