The Cooperative Bank of Cape Cod and The Cooperative Bank of Cape Cod Charitable Foundation Trust have established a $200,000 fund in community funding for nonprofits struggling to cope with the effects of the COVID-19 pandemic.
“We’re painfully aware of the negative ripple effect caused by the coronavirus disease,” said Lisa Oliver, President and CEO of The Cooperative Bank of Cape Cod. “The bank has been hard at work over the last few weeks to ensure the safety of our employees and customers, and we are now turning our attention to supporting our nonprofit partners, as we always have. We put a lot of thought into where we think these funds will make the biggest impact and are hopeful that, together, we will continue to weather this storm.”
A total of $150,000 will be released immediately, including $25,000 given to both the Major Crisis Relief Fund and Cape Cod Healthcare Foundation. In addition, $60,000 will be divided equally between Cape & Islands United Way, The Cape Cod Foundation Strategic Emergency Response Fund and the Workforce Housing Relief Fund of Housing Assistance Corporation, with each organization receiving $20,000.
An additional $10,000 will go to each of the Cape’s four local community health centers: Community Health Center of Cape Cod, Duffy Health Center, Harbor Community Health Center and Outer Cape Health Centers.
The remaining $50,000 will be available in micro-grants to nonprofits who are directly serving COVID-19 related needs in the community, and/or whose clients are disproportionately impacted by the coronavirus pandemic and the economic consequences of this outbreak. There will be a special application for these micro-grants available through the bank’s website.