The American River Bank Foundation supports nonprofit organizations that create opportunities, enhance self-esteem, and promote physical and emotional well-being for the most vulnerable women and children in the communities the Bank serves.
The American River Bank Foundation has donated over $1.4 million to local nonprofits since its inception in 2004. “Investing in our communities’ most vulnerable women and children is an economic investment,” stated David Ritchie, President of the American River Bank Foundation and President & CEO of American River Bank. “A healthy community contributes to a healthy local economy.”
The Foundation board is comprised of Bank board members, employees and community members at large, to provide a comprehensive range of insight. “Every board member is committed to ensuring that grants are invested in meaningful and impactful organizations,” concluded Ritchie.
Bank employees and Board members make personal contributions, organize fundraising events, and encourage fellow employees, clients, and vendors to support the Foundation. The Bank matches employee contributions dollar for dollar and supports the Foundation’s operating expenses.
Spread the Love, held in February and March, is just one of the signature fundraisers held each year. Employees, clients (their children!) and vendors are encouraged to make a contribution to the Foundation at any branch location and range from a dollar to thousands of dollars. A Valentine-style heart recognizing their support is then prominently displayed in the branches where purchased.
The Foundation contributes funds collected throughout the year to local non-profit organizations. Non-profits are invited to apply for grants of up to $15,000 each fall. “Since donations stay in the communities where they are raised, employee committees from each area review applications and make funding recommendations to the Foundation Board. They know first-hand what their community needs and the impact of the organizations,” according to Ritchie. “This past year we awarded $170,000 and each year we strive to award more.”