Foundation

Cape Cod Five Cents Savings Bank Charitable Foundation Trust
2010 Chairman’s Message

For 2010, The Cape Cod Five Cents Savings Bank Charitable Foundation Trust provided $517,662 of grants to non-profit organizations in the Cape and Islands communities.

The many strains created by the current economic environment were evident in the high level of grant requests received by The Cape Cod Five Cents Savings Bank Charitable Foundation Trust in 2010. It was a year when the Foundation once again tried to provide meaningful support to those organizations addressing basic human needs without abandoning the funding of other organizations that enhance the quality of life for citizens of the Cape and Islands.

The enclosed list of over 100 grant recipients in 2010 shows a wide range of non-profit organizations, whose missions cover human need and economic development, health and elder services, youth and education, arts and culture, conservation and the environment. We are appreciative for the hard work and positive impact these organizations, their staffs, and volunteer supporters provide to our communities and are fortunate to be in a position to provide our financial support.

Looking ahead, we understand that the economic conditions will continue to distress the non-profit community and we will do our best to meet the challenge of allocating our resources accordingly.

Dorothy A. Savarese, Chairman
The Cape Cod Five Cents Savings Bank
Charitable Foundation Trust

Statement of Financial Position