Ron Magoon, President and COO of Franklin Savings Bank (FSB), announced today that the bank awarded $21,000 in grants to seven community organizations through the FSB Fund for Community Advancement. This represents the 37th grant period for the Fund, which has awarded 175 awards in excess of $855,000 since its inception in 1997.

“Our strong ties to the communities we serve has earned us a reputation for being an active corporate citizen,” commented Ron Magoon. “As an independent, mutually-owned community bank with deep roots in the towns and cities we are proud to serve, we take the time to learn more about the needs of civic organizations and how we can become a vested partner in the culmination of their projects.”

Seven local organizations received grants, including The Friends Program, $2,000; Granite United Way, $2,500; Laconia Area Community Land Trust, $5,000; Merrimack County Conservation District, $2,000; New Beginnings, $2,500; Newfound Pathways, $3,000; and Voices Against Violence, $4,000.

The FSB Fund for Community Advancement was established to provide support for projects that will enhance the lives of people in the communities Franklin Savings Bank serves. Eligible organizations are those recognized as 501(c)3 tax exempt under the Internal Revenue Code. The Fund supports a broad range of community activities, such as economic development, affordable housing, education, healthcare, arts and humanities, human services, and programs or services that address the needs of children, adolescents, and single parent families.

The deadline to be considered for the next round of grant funding is July 1. For more information about the FSB Fund for Community Advancement as well as how to apply, please visit FSBnh.com, then select “I Want to Learn More About FSB” – “In the Community.”