Committed to building our community
The Northfield Savings Bank Foundation (NSBF) was established in 2000 through Northfield Savings Bank (NSB) as part of NSB’s long-standing commitment to donate 10 percent of its yearly earnings to the local community.
The Foundation supports Vermont-based efforts focused around improving residents’ well-being and self-sufficiency in areas such as financial literacy, education and at-risk youth. When considering an area of need or partnership, NSBF is deliberate, focused and thorough in its assessment to ensure significant results can be achieved given the amount of time and money to be invested.
Making change, today
As part of Northfield Savings Bank’s continued commitment to the communities it serves, the NSB Foundation recently made two new grants totaling $300,000 for local initiatives led by the Community College of Vermont (CCV) and Vermont Afterschool. The two-year partnerships aim to increase opportunity for the unemployed and underemployed, as well as strengthen youth participation in our communities.
The NSB Foundation is proud to support Community College of Vermont (CCV) with a $200,000 grant over the course of two years (2020-2022) to help the college expand Flex, an online course program that allows students to take classes at their own pace. The model helps busy adults fit courses into their schedules, giving them valuable skills that could further their careers.
The funding provides for the promotion and development of the online program, as well as a Flex Coordinator position; the hire will work with Vermont employers whose workforce could benefit from additional credentials and flexible classes. Click here to meet Elena Bilodeau, the Coordinator of FLEX Programming.
The NSB Foundation is proud to support Vermont Afterschool, a statewide nonprofit, with a $100,000 grant over the course of two years (2020-2022) to provide funding for the Youth Leadership Initiative, an impactful project that puts young people at the center of decision-making in our communities through the creation of local youth councils.
These councils will be charged with soliciting and funding youth-proposed ideas for how to make their communities better for young people. The initiative aims to help our communities see youth as a resource; increase opportunities for innovation and inclusion; support economic vitality; and build a stronger democracy.
The project will create up to five youth councils based in Chittenden, Washington and Orange Counties.
Doing good, over the years
2018 - 2020
As part of Northfield Savings Bank’s continued commitment to the communities it serves, the NSB Foundation made a 2-year, $300,000 investment in The Center for Financial Literacy at Champlain College and Vermont Afterschool. The funds supported the implementation of new financial literacy education standards in Vermont schools and improvement of afterschool and out-of-school time programs for local youth.
The NSB Foundation proudly supported The Center for Financial Literacy at Champlain College (the Center) with a $200,000 grant over the course of two years (2018-2020) to support the implementation of new financial literacy standards in Vermont schools.
In collaboration with the Vermont Agency of Education (AOE), the Center used the donated funds to create tools, resources and training to increase the instructional capabilities of Vermont educators and ultimately, through these teachers, bring personal finance knowledge, skills and behaviors to Vermont’s approximately 80,000 PK-12 students.
John Pelletier, Director of the Center for Financial Literacy at Champlain College, led a professional learning community of teachers (pictured below) in creating proficiency-based and personalized learning tools, and an online clearinghouse of free financial literacy resources and training for as many as 650 Vermont educators.
The NSB Foundation proudly supported Vermont Afterschool, a statewide nonprofit, with a $100,000 grant over the course of two years (2018-2020) to support their new Youth Resiliency Project that focuses on supporting afterschool and out-of-school time programs and professionals in helping youth to build resiliency and social emotional learning skills.
The Youth Resiliency Project focuses on the time outside the school day because afterschool providers are often the ones interacting with parents and families on a daily basis, connecting with challenges faced by families, and helping to bridge the gap between school and home. With their strong emphasis on team work, healthy relationships, adult role models, self-efficacy, and positive youth development, afterschool programs also offer a perfect environment to focus on social emotional learning.
Afterschool professionals met for monthly training days (pictured below) as a part of Vermont Afterschool's first-ever Youth Resiliency Learning Leadership Institute. The program ran from December 2018 to June 2019, and offered training, leadership skill-building, and expert guest presenters to support the culture necessary for lasting change.
2015 - 2018
As part of Northfield Savings Bank’s continued commitment to improving financial literacy, the NSB Foundation made a 3-year, $450,000 investment in improving financial literacy in Central Vermont and Chittenden County. Through this effort, Vermont’s two largest community action agencies, Champlain Valley Office of Economic Opportunity (CVOEO) and Capstone Community Action (Capstone), received the funding to build stronger skills and independence.
CVOEO’s “Growing Money” and Capstone’s “Savings & Credit” programs focus on the essential elements of building or restoring financial stability. Through these programs, participants access:
- Financial literacy workshops
- Personal financial counseling
- Budgeting education
- Credit coaching
Plus, they acquire the necessary tools for understanding investing, retirement, tax planning, and insurance. At the same time, they are offered incentives that provide matched savings accounts for the purposes of obtaining housing, starting a small business, or continuing education and training.
With NSB Foundation funds, CVOEO and Capstone resources were able to expand with additional dedicated staff and tools to bolster their current programs.
The NSB Foundation does not accept requests for donations; however, you may request a donation from Northfield Savings Bank’s Community Giving Program.