December 12, 2019
Easthampton, Massachusetts – Matthew S. Sosik, president and CEO of bankESB, announced that the bank recently pledged $20,000 to the Northampton Education Foundation (NEF) Endowment. The commitment, which will be funded over the next five years, will help NEF meet its goal of raising $1 million for its endowment. This most recent commitment, combined with the bank’s previous donations, creates the unrestricted bankESB Fund for Northampton Education under the direction of NEF.
Created in 2004, the endowment provides multi-year grants to the city’s elementary, middle, and high schools. These grants allow educators to collaborate, plan, and develop innovative ways to stimulate learning in and out of the classroom. Previous grants, totaling more than $700,000, have been used to fund such programs as a high school robotics team, peer mentoring programs, a website design boot camp, poetry slams, and field trips. The endowment ensures educators have the resources they need to provide hands-on, exceptional learning experiences – regardless of economic conditions or budget constraints.
“The endowment plays a vital role in ensuring our students’ learning is always a top priority,” said Sosik. “bankESB is proud to join other businesses and community leaders in making this long-term investment in our children – and in the entire Northampton community.”
In the Photo
Left to right: Karen Craig, Assistant Vice President, Branch Officer, bankESB; Martin Wohl, Endowment Vice President, Northampton Education Foundation; and Holly Fuller, Senior Branch Officer, bankESB.
Founded in 1869 as Easthampton Savings Bank, bankESB is headquartered in Easthampton, Massachusetts, and operates 11 branches throughout western Massachusetts. Through its sponsorship and charitable giving program, bankESB and the Easthampton Savings Bank Charitable Foundation support non-profit organizations and causes throughout Hampden and Hampshire counties. In 2018, the bank and foundation donated more than $300,000 to 150 organizations. In the last five years, the program has donated more than $1.1 million. For more information, visit bankESB.com.