May 13, 2014 > Fremont Bank Foundation awards $550,000 to local nonprofits
Fremont Bank Foundation awards $550,000 to local nonprofits
Submitted By Laura Owen
Fremont Bank announced on May 8, 2014, that Fremont Bank Foundation will award $550,000 grants to over 50 local nonprofits in celebration of Fremont BankÕs 50th anniversary this year.
The grants will be awarded at a 50th Anniversary Reception on May 15, 2014 at the Fremont Unified School DistrictÕs ÒFremont Bank Foundation Professional Development Center.ÓÊ Members of Fremont Bank FoundationÕs Board of Directors as well as Senator Ellen Corbett and City of Fremont Mayor Bill Harrison will be in attendance.
Awards distributed at the reception will include 50 grants of $10,000 each and one grant in the amount of $50,000, voted on by more than 700 Fremont Bank employees. Grant recipients are located within the five counties served by Fremont Bank (Alameda, Contra Costa, San Francisco, Santa Clara and Monterey). The recipient of the $50,000 will be revealed at the reception.
ÒTo mark our 50th anniversary, we will donate over $1 million to over 150 nonprofits that have not only helped Fremont Bank be successful over the years but have also enriched our community with their services and programs,Ó said Marie-Pascale Peterson, Fremont BankÕs director of community outreach.
Earlier this year, Fremont Bank distributed $500,000 of donations to 105 nonprofits that are located in and provide services to the communities served by a Fremont Bank branch. Fifteen beneficiaries received $10,000; 50 were awarded $5,000; and 40 were given $2,500 to support their community work.
According to Hattie Hyman Hughes, president of Fremont Bank Foundation, ÒFremont BankÕs success over the past 50 years has been built on the relationships weÕve cultivated with our valued clients, including nonprofit organizations. ItÕs a great pleasure to celebrate our milestone by financially supporting the work of so many of our community partners.Ó