News
September 11, 2018Berkshire Bank Named one of the Top Corporate Charitable Contributors in Massachusetts
Berkshire Bank, America’s Most Exciting Bank® announced today that it was honored by the Boston Business Journal as one the Massachusetts’ most philanthropic companies during the 13th annual Corporate Citizenship Awards ceremony.
The Boston Business Journal recognized 100 companies who each met the threshold of at least $100,000 in philanthropic support to Massachusetts nonprofits in 2017. Combined, the 100 honorees gave approximately $273 million in charitable funding last year. Berkshire Bank ranked #51 for total financial contributions with over $1.2 million donated in Massachusetts and more than $2 million donated overall. Berkshire Bank’s Massachusetts employees also donated nearly 26,000 hours of volunteer service. Berkshire Bank joined a select list of statewide, national and international companies honored at the event.
The award recognizes Berkshire Banks’ commitment to philanthropic investments in the community through charitable grants, corporate giving, scholarships, in-kind donations and employee volunteerism. Annually the company and the Berkshire Bank Foundation provide more than $2.4 million to community organizations throughout the Northeast, as well as scholarships to high school seniors with a record of academic excellence and financial need. In addition to financial support, the XTEAM®, the bank’s nationally acclaimed employee volunteer program, provides employees with paid time off to volunteer during regular business hours. In 2017, 100% of Berkshire Bank’s employees participated and earlier this summer Berkshire completed its signature Xtraordinary Day, in which 92% of its employees completed 74 service projects impacting more than 500,000 individuals across the United States.
