Foundation

Cape Cod Five Cents Savings Bank Charitable Foundation Trust
2009 Chairman’s Message

With 2009 living up to its expectations as another challenging year, the Cape Cod Five Cents Savings Bank Charitable Foundation Trust continued to be mindful of the Cape’s most critical concerns. We placed a strong emphasis on supporting organizations that addressed basic human needs, such as food and housing assistance, while still responding to the requests of other important contributors to the Cape’s unique quality of life.

The list of 106 non-profit grant recipients in this report offers a look at the diversity of organizations we supported in 2009. Although serving a variety of interests, the recipients share a common desire to make a difference. It was their dedicated volunteers and staff on whom we counted to fill unfortunate financial gaps in peoples’ lives; and in other ways, to make life better for all.

Also in this report is a separate list of educational mini-grants valued at over $26,000 which were awarded to 82 teachers in 42 local schools. This program, designed to help pay for special classroom projects, completed its 10th year in 2009, and is just one example of our continued commitment to local education.

In total for 2009, the Cape Cod Five Cents Savings Bank Charitable Foundation Trust provided $575,775 of assistance to organizations in our communities in the form of grants. Thanks to the Foundation’s staff and committees, very thoughtful effort went into the distribution of these funds.

Looking back at 2009, we see it as a year when community service in general was severely tested, yet performed admirably. Looking ahead, we recognize that hardships continue for a growing number of the Cape’s citizens and help is still needed.

Supporting this important work will always be both a privilege and a commitment on our part.

Dorothy A. Savarese, Chairman

Statement of Financial Position