For Good Fund


The Taylor Bank For Good Fund was established in 2023, following the launch of our For Good Checking account, to provide further support to organizations helping to address needs in our communities in Delaware, Maryland, and Virginia. Grantmaking through the For Good Fund is in addition to Taylor Bank's Corporate Sponsorship Program. A portion of all For Good Checking Debit Card transactions are included in the Bank's contributions to the Fund.

Fund Mission

To support non-profit organizations that strengthen and enhance the quality of life in the communities we serve. We particularly focus on low-income communities, prioritizing: neighborhood development, workforce development and education, and basic human services. 
How to Apply
 
Applications Available: April 1, 2024
Applications Due: June 1, 2024
 
 
Questions: Please contact forgood@taylorbank.com

Focus Areas

Neighborhood Development



Our neighborhood development grants support organizations focused on community and neighborhood development, particularly ones that:
  • Create affordable housing opportunities for low-to moderate-income individuals
  • Enhance the areas in which those opportunities are created
  • Provide support services to help individuals maintain their homes
We support organizations that help stabilize communities, eliminate blight, and attract and retain businesses and residents. Examples that meet this priority include:
  • Affordable housing initiatives, particularly those focused on vulnerable populations
  • Homebuyer education programs
  • Foreclosure prevention programs
  • Neighborhood revitalization projects
  • Programs that increase homeownership opportunities

Workforce Development and Education



Our workforce development and education grants support organizations that develop and implement programs to enhance financial literacy, with an emphasis on educating youth, first-time home-buyers, economically disadvantaged persons, and others who have struggled with financial concepts. We favor projects focused on improving the public’s ability to achieve personal and household financial well-being. We also support organizations that advocate for diversity and inclusion, including those that foster an understanding of it as a dynamic strategy for success. Examples of organizations that meet this priority include:
  • Organizations that build skills in savings, budgeting, and expense management
  • Educational programs regarding credit score improvement
  • Connect individuals with the necessary tools to achieve financial goals or provide job skills training and education
  • Improve education or provide training for individuals or support a diverse and inclusive society
  • Provide forums and resources for other organizations to become more inclusive

Basic Human Services



Our basic human services grants support organizations that meet the immediate needs of individuals and families while also supporting prevention and long-term solutions for people living in difficult economic circumstances. (Food Pantries are encouraged to request support through Taylor Bank’s Corporate Giving programs.)
  • Food and nutrition programs
  • Fuel assistance
  • Domestic violence programs
  • Temporary housing, shelter
  • Basic necessity assistance e.g., clothing
  • Health Services





































































































































































Guidelines and Eligibility

  • Applicants must be a not-for-profit organization recognized under Section 501(c)(3) of the Internal Revenue Code and in good standing with the Internal Revenue Service
  • Applicants must be located in or serving residents of a county located within Taylor Bank’s assessment areas
  • Applicants must be an organization whose mission or services align with Taylor Bank’s investment focus. Click to review our focus areas.

  • Sussex County, Delaware
  • Worcester County, Maryland
  • Accomack County, Virginia
Grants will be reviewed on an annual basis by Taylor Bank's Giving Committee in an impartial manner based upon an evaluation of each grant request. Some key elements examined in our grant evaluation process include an organizations' financial sustainability, leadership, impact and collaboration within the community. 

Applications Available: April 1, 2024
Applications Due: June 1, 2024
Although there are many worthy endeavors, Taylor Bank generally does not invest in the causes listed below. If you fall into one of these categories, we suggest you review the Taylor Bank Corporate Giving programs to possibly submit your request.

  • Individuals including those seeking scholarships, fellowships, or sponsors for a particular cause
  • Alumni organizations
  • Endowment campaigns
  • Fundraising dinners or events and tickets to fundraising events
  • Individual sports teams including youth sports teams and leagues
  • Advertising and promotional items or merchandise
  • Organizations designed primarily for lobbying, Political Action Committees, candidates, and lobbying
  • Travel, including conferences, seminars, tours and student trips
  • Taylor Bank does not make grants to organizations for which program services are contingent on participation in religious services or events or adherence to religious doctrine