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Sponsored by: Kennebunk Savings
September 26, 2019 2019 Giving Guide

Kennebunk Savings

Maine’s network of nonprofits make communities stronger

Courtesy / Kennebunk Savings
Bradford C. Paige, president and CEO of Kennebunk Savings

Maine has a strong network of nonprofits that deliver on their mission every single day, making our communities better through their work. Whether it’s providing a hot meal to the hungry, preserving our green spaces and landmarks for future generations or providing a safe space for our children to grow and learn, Maine’s nonprofits are stepping up to the plate. That’s why Kennebunk Savings is so proud to be a part of this year’s Mainebiz Giving Guide.

In the pages ahead you’ll find information about some of Maine’s nonprofit organizations along with corporate giving best practices. Whether you’re a leader of a business or a nonprofit, we hope you will find an example of a partnership in these pages that speaks to you or helps plant the seed for future business and nonprofit collaborations.

This is a special year for Kennebunk Savings. We are celebrating the 25th anniversary of our Community Promise program. In 1994 Kennebunk Savings Bank CEO Joel Stevens had an idea that, just as a stock-held institution pays a dividend to its investors, Kennebunk Savings as a mutual institution should pay a dividend to its communities. From that idea, our Community Promise program was born. Each year we dedicate 10% of our annual after-tax net profit to nonprofits in our communities.

Since 1994 we have remained committed to Stevens’ promise and the pledge has become an integral part of our identity and culture. Kennebunk Savings donated $26,000 to charitable organizations in the program’s first year, and since that time has given more than $13 million to nonprofit organizations in York County and seacoast New Hampshire. In this, the 25th year of the program, the Bank’s growth will result in a record $1 million being donated to area nonprofits.

Kennebunk Savings designates a portion of our Community Promise budget to our Spotlight Fund, an annual effort to direct grant money to a targeted issue affecting our communities. For a second straight year, the Spotlight Fund is focusing on efforts to combat substance use disorder prevention and recovery efforts. So far we have donated $225,000 to nonprofits that are truly making a difference in this area.

I always say the financial aspects of our Community Promise and Spotlight Fund are great, but the people piece of these programs is what is truly compelling. We have a tremendous group of dedicated employees who consistently volunteer thousands of hours of their personal time each year, from serving on governing boards to hands-on participation at the multitude of fundraising and awareness events taking place each month. They are self-motivated by an inner drive to help others; they are truly a special group of people and our communities are enriched by them.

We hope that this copy of the Giving Guide inspires you to form the bonds that make our communities better places, because helping one another is always the right thing to do.