Fremont Bank Foundation
Philanthropy is a key aspect of Fremont Bank's community relations efforts. The majority of our charitable giving is made through the continuing work and contributions of the Fremont Bank Foundation (FBF). Established in 1995 under the direction of Fremont Bank's late founder, Morris Hyman, and his wife, Alvirda, FBF is an independent, private, grantmaking foundation that is solely funded by Fremont Bank. Formed with an initial investment of $20,000, the Foundation now receives a significant percentage of Fremont Bank's pre-tax income each year. These substantial funds allow us to continuously invest in local nonprofit organizations for the implementation of their extraordinary visions, let it be $1,000 for a shed for children's riding toys -our first grant; or $1,000,000 for a new family water-play facility –our largest contribution to date.
Philosophy
FBF is unique in that it does not solicit funds nor accept uninvited proposals.
“You find out what someone needs and you give it," Morris Hyman would say of his personal philosophy of community involvement. His principle is at the core of Fremont Bank Foundation’s grantmaking process. Believing that it is difficult to know the character of an organization simply by reading a grant application, the members of our Board of Directors and our Advisory Committee prefer to seek out and select first-hand the organizations and/or projects for potential grant funding. The Foundation views its grants as an opportunity to invest in the future of its communities. Getting to know the people who manage the organizations we support and how they operate is fundamental to our grantmaking strategy.
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