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The Future Fund



Westfield Bank established The Future Fund in 2002 as a response to overwhelming community needs and the shrinking sources of corporate philanthropy.

The year of the fund’s inception is significant in that 2002 marked our 150th year of continuous service to the community. Our hometown of Westfield and the communities of Greater Springfield and Northern Connecticut have been good to us. The Future Fund is one of the many ways we pay tribute to our customers and contribute to important community-based initiatives. 


Our Philosophy 

The Future Fund’s primary funding priority is educational, recreational, cultural, and social service programs and projects. The Future Fund accepts written applications from organizations with 501c3 status that serve Westfield Bank’s market area, with grants awarded by determination of the Fund’s directors.


Guidelines 

The Future Fund considers projects and initiatives that meet one or more of the following criteria:

  • Impacts priorities stated above
  • Includes a strategy for leveraging other resources
  • Produces measurable results
  • Provides opportunities for collaboration with other entities in the community
  • Addresses critical community needs
  • Are viable and sustainable


Eligibility

  • Grant recipients must have 501c3 status
  • Grant recipients must serve the market area served by Westfield Bank
  • We do not consider multiple requests from the same organization in one calendar year
  • We will not respond to verbal requests. A letter of intent is required for consideration.


Deadline 

The Future Fund directors meet annually to determine grant funding for the year. The deadline to submit 2019 grant applications was March 29, 2019. The deadline to submit grant applications for 2020 is Friday, March 27, 2020. 


Application Process

Applications for 2020 Future Fund grants can be submitted beginning on January 2, 2020. The application form will be available on this page on that date.