Salem Five Charitable Foundation Surprises 13 Non-Profits with Donations

Family Promise accepting Salem Five's "Make a Difference in December" donation.

Salem, MA., December 19, 2023 – The Salem Five Charitable Foundation has awarded $39,000 to 13 different not-for-profit organizations that provide housing, food and other social services to underprivileged people and families, the Bank announced today.

Now in its third year, the Bank’s “Make a Difference in December” Program identifies organizations that did not receive grants from the Foundation during 2023, yet whose reputation for helping people is well established – making them eligible to each receive a $3,000 donation.

“We wanted to focus on housing this year, given its critical need,” said Salem Five President and CEO Ping Yin Chai.  “However, we also recognized organizations that provide other essential services as we head into the winter months.”

The following organizations are scheduled to receive grants from the Salem Five Charitable Foundation:

  • Family Promise North Shore, Beverly
  • House of Hope, Lowell
  • Housing Families, Malden
  • One Family, Boston
  • The Haven Project, Lynn
  • River House, Beverly
  • Horizons for Homeless Children, Roxbury
  • Project Home Again, Andover
  • Family Movement, Boston
  • Middlesex Human Service Agency, Waltham
  • Lowell Transitional Living Center, Lowell
  • Our Neighbor’s Table, Amesbury
  • The Food Project, Lynn
Founded in 1996, the Salem Five Charitable Foundation works to support not-for-profit organizations that are making a positive impact in the communities served by the Bank, ensuring vibrant and viable futures for the people they serve.

About Salem Five Bank

Salem Five Bancorp is the holding company of Salem Five (, a mutual bank founded in 1855. Whatever the need and whatever the goal, Salem Five’s banking, investment and insurance professionals have the expertise to move customers forward. Salem Five has more than $7 billion in assets and 34 retail branches in Essex, Middlesex, Norfolk and Suffolk counties. Divisions include Salem Five Mortgage Company, one of the largest mortgage lenders headquartered in New England; Salem Five Wealth Management & Trust, which offers fiduciary wealth management services to institutions and high-net-worth individuals, financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Services, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC. Salem Five Mortgage Company’s NMLS # is 4662. Equal Housing Lender. Securities are offered through LPL Financial, member FINRA/SIPC. Life insurance products are offered through LPL Financial or its licensed affiliates. Insurance and investment products are not FDIC insured, not bank guaranteed, may lose value, not a deposit, and not insured by any federal government agency.


(800) 850-5000