Newburyport Five Cents Savings Charitable Foundation grants $7,500 award to The Chase Home

Blog > Newburyport Five Cents Savings Charitable Foundation grants $7,500 award to The Chase Home

Recently, Newburyport Five Cents Savings Charitable Foundation awarded a $7,500 grant to The Chase Home in support of the organization’s operational expenses.

Founded in 1877, The Chase Home in Portsmouth is one of the oldest nonprofits in New Hampshire, serving more than 140 at-risk youth annually statewide through prevention, early intervention, residential and community-based programs. Some youth are served in the community while others live at The Chase Home.

The Chase House
Left to right: Meme Wheeler, Executive Director, The Chase Home for Children; Timothy Felter, EVP, CFO & Treasurer, Newburyport Bank.

“This award is incredible, because we can invest it in our operations where it is needed the most,” said Meme Wheeler, executive director of The Chase Home.

While the state of NH mandates that The Chase Home provide services to at-risk youth, it only funds part of what it costs to deliver services and provide room and board.

“An unrestricted gift like this provides us with flexibility on how we spend it, which amplifies the impact of the investment,” explained Wheeler. “We are very thankful for to receive this award from Newburyport Five Cents Savings Charitable Foundation, especially at a time of year that can be so challenging to our kids and their families.”

“When it comes to protecting at-risk children in our communities, The Chase House leaves no stone unturned,” stated Lloyd L. Hamm, President & CEO of Newburyport Bank. “They offer exceptional programs, and all of them address the need to develop the life skills necessary to experience more stability in life. Those necessary skills serve our youth today, and will become even more beneficial in the future. Our Charitable Foundation is proud to participate in such important work.”