Fremont Bank is pleased to announce the opening of its Mountain View branch in February 2020. As a community bank, the Fremont Bank Foundation has partnered with the Los Altos Community Foundation (LACF) to distribute $100,000 in grants to local nonprofit organizations.
The Fremont Bank Foundation was established in 1995 under the direction of Fremont Bank's late founder, Morris Hyman, and his wife, Alvirda, and is an independent, private, grant-making foundation that is solely funded by Fremont Bank. Fremont Bank designates 5% of its pre-tax earnings for charitable purposes.
Founded in 1964, Fremont Bank has grown organically over the past 55 years. The Mountain View branch will be their 22nd location.
Fremont Bank offers a full suite of competitive products to meet the banking, borrowing, and investing needs of their personal, business, and nonprofit clients. They are active members in the communities they serve, proactively working to improve overall quality of life through volunteerism and philanthropic contributions.
This one-time Community Grants Program will provide financial assistance to nonprofit organizations for the implementation of programs or the purchase of tangible items that enhance the quality of life in Los Altos, Los Altos Hills, Mountain View, and Palo Alto.
To be selected for grant funding, organizations must:
- Be classified as a federal tax-exempt public charity under IRS Code Section 501(c)(3)
- Demonstrate fiscal and administrative stability
- Operate as an equal opportunity employer
- Must be a well-established nonprofit within its community
- Receive a broad base of community support
Maximum grant size: $5,000
Applications are due by 5:00 pm Pacific Time on Saturday, February, 29, 2020. Decisions are expected to be communicated by mid-March
Grant applications will not be considered for:
- Organizations whose 501(c)(3) status is not current with the IRS
- Funding through a fiscal sponsor
- Private Foundations (even with 501(c)(3) status)
- National or international organizations, except for local chapters addressing the specific needs in Los Altos, Los Altos Hills, Mt. View, and Palo Alto
- Individual educational institutions or programs. Only education programs through a school district or district-wide education foundation will be considered
- Capital campaigns or building improvements/remodeling
- Political or labor activities
- Operating deficits and debt payment programs
- Membership fees or dues
- Underwriting of conferences and seminars
- Development or production of books, films, video or television programs
- Fundraising walks or races
- Sports teams/leagues
- Trips or tours for individuals and groups, including transportation costs
- In-kind or promotional merchandise