To us, a grant is an investment — and the return is positive change in our communities.
Of course, in order to invest in grants, we first needed someone to invest in our foundation: Liberty Bank. Since the initial gift of $5.2 million that started the foundation in 1997, Liberty has added to our endowment many times over the years.
During 2018, the bank made its largest gift ever to our foundation: $7.9 million--bringing our total endowment to $25 million.
Liberty Bank could have chosen to invest that money in a lot of different ways: technology, training, facilities, you name it. But the board of directors chose to invest it in the foundation's ability to give back to our communities. We think that makes a statement about the kind of company Liberty Bank is. (The kind we love working for!)
In 2019, we made $927,865 in grants. Here's how that figure breaks out:
The Return on Investment
Those are the dollar figures — now let’s look at what we helped to support with those dollars, because that’s what really counts.