NSB Invests in Y, Invests in Community
With a gift of $75,000 NSB has stepped forward to add their support to the Greater Burlington YMCA's vision for a new facility. The donation helps the Y, now in its 150th year of serving the community, take an important step toward a future home that will allow the organization to not just continue its work, but to expand its reach and impact.
"Giving back in support of strong communities is central to Northfield's very DNA," said Kyle Dodson, President & CEO of the Greater Burlington YMCA. "To be a recipient of their generosity reinforces that our Y enjoys the support of community leaders and advances our efforts to build a new Y, allowing us to write the next chapter of our rich history," Dodson added.
Rather than a dividend paid to shareholders, NSB invests 10% of annual earnings to local non-profits as a "community dividend." In 2016, this resulted in approximately $500,000 in giving to organizations throughout Vermont.
"Many of my formative experiences as a child played out at the Greater Burlington Y," said Thomas Leavitt, President & CEO of NSB. "Learning to swim, finding my confidence with martial arts, competing on the court in Biddy Basketball and the Church League, discovering crafts, and observing how principle-centered leadership works in the operation of an organization doing so much good: These were some of the things that made for a foundation to build a life of meaning. These are values Northfield Savings Bank and the Y share in common, and we are delighted to support the Y in its vision of the new facility that Burlington deserves."
In recognition of this gift to the Y's Staying in the Heart capital campaign, NSB will be among the major donors to have their names associated with important rooms and features in the new facility.
The Staying in the Heart Campaign has so far raised $9 million of is $15 million goal. For more information on supporting the Y's campaign, contact Cassie Lindsay, Director of Philanthropic Relationships, at 802-652-8122 or firstname.lastname@example.org.