For Good Fund

The For Good Fund is a charitable grantmaking initiative established by Taylor Bank in 2023 following the launch of the bank’s For Good Checking account. The fund was created to provide additional support to nonprofit organizations serving communities throughout Delaware, Maryland, and Virginia, specifically within Taylor Bank’s designated assessment areas. Funding for the initiative is partially generated through customer debit card transactions associated with the For Good Checking account, and the program operates separately from Taylor Bank’s Corporate Sponsorship Program. The mission of the fund is to strengthen and enhance the quality of life in the communities the bank serves, with a particular emphasis on supporting low-income populations and underserved neighborhoods. The fund prioritizes three major focus areas: Basic Human Services, Workforce Development and Education, and Neighborhood Development. Under the Basic Human Services category, the fund supports organizations that address immediate and ongoing economic hardships experienced by individuals and families. Examples of supported activities include food and nutrition programs, domestic violence services, fuel assistance, temporary housing and shelter services, clothing assistance, and health-related services. The fund also emphasizes prevention-oriented and long-term solutions that help individuals improve economic stability over time. While food pantries may qualify for support, the program specifically encourages such organizations to seek assistance through Taylor Bank’s separate Corporate Giving programs instead of the For Good Fund. Within the Workforce Development and Education focus area, the fund supports programs that improve financial literacy and economic mobility. Priority is given to initiatives that educate youth, first-time homebuyers, economically disadvantaged individuals, and others who may struggle with financial management concepts. Eligible projects may include savings and budgeting education, expense management instruction, credit score improvement programs, financial goal planning assistance, and job skills training. The fund also supports diversity and inclusion initiatives that promote equitable participation and representation within communities and organizations. Programs that provide resources to help institutions become more inclusive or that foster understanding of diversity as a strategic advantage are also considered aligned with the fund’s mission. The Neighborhood Development focus area supports organizations working to stabilize and revitalize communities. Taylor Bank prioritizes initiatives that create affordable housing opportunities for low- to moderate-income individuals, improve neighborhoods where affordable housing exists, and provide support services that help residents maintain stable housing. The fund may support affordable housing development projects, foreclosure prevention initiatives, homebuyer education programs, and broader neighborhood revitalization efforts designed to eliminate blight and strengthen local economic conditions. The program also values efforts that attract and retain businesses and residents in historically underserved communities. Eligibility for funding is limited to nonprofit organizations recognized as tax-exempt under Section 501(c)(3) of the Internal Revenue Code and in good standing with the Internal Revenue Service. Applicants must either be physically located within or provide services to residents of Taylor Bank’s assessment areas, specifically Sussex County in Delaware, Worcester County in Maryland, and Accomack County and Northampton County in Virginia. Organizations must also demonstrate alignment with the fund’s stated investment priorities and focus areas. The program explicitly excludes several categories of requests, including support for individuals, scholarships, alumni associations, endowment campaigns, fundraising events, sports teams, advertising merchandise, lobbying organizations, political causes, travel activities, and organizations whose program participation depends on adherence to religious doctrine or participation in religious activities. The application process follows an annual cycle. Applications become available on April 1 each year and are due by June 1 each year. Award distributions are scheduled during the third quarter of the year. Applications are reviewed annually by Taylor Bank’s Giving Committee using an impartial evaluation process that examines factors such as organizational financial sustainability, leadership, community impact, and collaboration with other community stakeholders. No letter of intent or pre-application phase is identified in the program guidelines. Questions regarding the application process may be directed to the official fund email address at forgood@taylorbank.com. The program demonstrates a recurring annual funding structure, making it an ongoing private philanthropic opportunity for eligible nonprofit organizations serving designated counties within the bank’s regional footprint.

Emphasize organizational financial sustainability community impact collaboration and alignment with Taylor Bank focus areas including neighborhood development workforce development education and basic human services.