Forward Bank
Forward Bank Fills Donation Gap of Local Non-Profits
January 25, 2021
In 2020 many charitable organizations struggled as donations decreased and demand for their services increased amid a pandemic. But Forward Bank is hopeful donations delivered through their Charitable Money Market Account program will help.
“We saw many fundraising events altered or cancelled last year leaving a financial gap for local non-profits to maintain their services,” said Dave Clark, President at Forward Bank. “But thanks to the unique structure of our CMMA we’re able to provide a consistent donation stream to participating organizations.”
The CMMA allows a customer to open an interest-earning money market account while designating a participating organization that will receive a donation from Forward Bank at the end of the calendar year. The donation is based on the customer’s average account.
This month over $244,000 was donated to organizations participating in the program and bringing the grand total to over $1.2 million since the program launched in 2006. Over 300 different non-profits, churches, and schools received donations from Forward Bank thanks to customers who designated them as their charity of choice.
Open a CMMA today to start saving for YOURSELF and your favorite CHARITY!
Sandy Klatt and Megan Rosandich of Forward Bank present Cheryl Hartl (center) of Soup or Socks in Marshfield with donation on behalf of customers participating in the Charitable Money Market Account program.
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Charitable Money Market Account
Pictured above: (Back) Travis Hazard, Ruth Thompson, Bill Neville, Bob Houts (School District of Owen-Withee ) Sara Blume, Steve Brost (Front) Amanda Krueger, Heather Cwikla