Twenty applicants were selected from 60 requests, including the following two Bradley County charitable organizations:
n CASA of Bradley County was awarded $4,000 to fund advocate education.
n Lift and Redemption Ministries [The Caring Place] was awarded $5,000 to fund its food assistance program.
All nonprofit organizations in Athens Federal’s service area were eligible to apply, including those in Bradley, McMinn, Meigs, Monroe and Polk counties.
As anticipated, the foundation received more requests for support than it could approve, but all interested organizations were encouraged to keep the foundation informed of their activities and needs, as grants are expected to be distributed on an annual basis.
The Athens Federal Foundation was established by Athens Bancshares Corporation, the holding company for Athens Federal Community Bank, and its shareholders as part of the Bank’s 2009 stock conversion. The foundation was created to provide funding and support for charitable causes within the bank’s service area.
In conjunction with the initial stock offering, Athens Bancshares Corporation contributed $1 million of Athens Bancshares Corporation stock and $100,000 in cash to the foundation.
The foundation’s mission is to “support and fund community development via affordable housing, job training and programs that assist the economically disadvantaged.
The foundation will also consider requests for educational initiatives, health care programs and supportive human service programs, as well as local cultural institutions for the purpose of broadening access to cultural and arts activities.”
“We were delighted to receive 60 applications for monetary assistance this year, more requests than have ever been submitted,” said Athens Federal Foundation President and CEO Jeff Cunningham.
“This overwhelming response confirms the level of need in our area and validates the foundation’s mission of supporting and funding community development. As our assets continue to grow, we expect the foundation will be able to provide even more support to deserving organizations and causes in the future.”
For additional information about the Athens Federal Foundation, contact Melissa Armour at 423-745-1111, email email@example.com or stop by any Athens Federal Bank location.