Worcester Business Journal

wbjournal.com | May 18, 2026 | Worcester Business Journal 9 When it comes to your business finances, you aren't supposed to know it all. (But we are.) As business banking experts, we know how to support your spending, saving and growth. You know your business; we know business banking. Call our team to get started. KNOWING BUSINESS BANKING IS KIND OF OUR THING. Member FDIC Member DIF Scan to learn more. Largest human services nonprofits in Central Mass. Nonprofit Employees Annual revenue* President & CEO Seven Hills Foundation and Affiliates, in Worcester 2,365 $544 million Kathleen Jordan Advocates Inc., in Framingham 1,810 $237 million Diane Gould South Middlesex Opportunity Council, in Framingham 820 $169 million Susan Gentili Ascentria Care Alliance, in Worcester 466 $143 million Angela Bovill Spectrum Health Systems, in Westborough 631 $142 million Kurt Isaacson *For most recent fiscal year available Source: Guidestar by Candid and individual nonprofits tions like the Federal Home Loan Bank or the U.S. Department of Agriculture to help nonprofits get the financing they need. For example, Dean said a local nonprofit was look- ing to buy property and construct a building with a USDA loan, but the government agency couldn't fund the construction under the loan condi- tions. So, Clinton Savings provided the financing for the construction, and then USDA bought out CSB's loan once construction was complete. Nonprofit lending comprises 4% of CSB's commercial loan portfolio. CSB offers nonprofits a unique deposit ac- count with a higher interest rate than a typical business checking account. "When we are financing nonprofits, we know it is mission work," Dean said. "ese aren't large national non- profits. ese are local and regional ones, and we know the good they do in the community." Providing charity If all else fails, banks will make do- nations and sponsorships to nonprof- its to help them fulfill their missions. Fidelity Bank donates about $450,000 to more than 200 nonprofits annually. "We support nonprofits in the community whether they are bank customers or not," O'Connell said. Even though Fidelity didn't provide the mortgage loan to Project Just Because, the bank – and Galvani, specifically – was critical in helping the nonprofit improve its financial standing by setting up fundraisers like a golf tournament and an auction night, said Karen Regan, fundraising director at the nonprofit. All that fundraising laid the groundwork for Project Just Because to get its mortgage loan, Regan said. e nonprofit still relies heavily on donations for its food bank, particu- larly from grocery stores around the region, like Trader Joe's, she said. In the midst of the coronavirus pan- demic, Project Just Because became a member agency of the Greater Bos- ton Food Bank, which supercharged demand. e nonprofit spends an average of $263 per family each week. "It can be tough to get a bank because they view nonprofits as high risk," Lambert Walsh said. "Luckily, we've had some deep-seated friends who helped us." Project Just Because's 16,000-square-foot facility has the feel of a Costco warehouse. W

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