June 02, 2021

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CAP COM Cares Foundation Awards $100,000 among 20 Capital Region Nonprofits

CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, announced the winners of the CAP COM Cares Foundation Infrastructure Grant Initiative. $100,000 was awarded to 20 Capital Region nonprofit organizations at CAP COM Headquarters on Tuesday, June 1. 

The CAP COM Cares Foundation had an original goal of dedicating $50,000 to help support the nonprofits’ missions, awarding ten organizations with a $5,000 grant, but after more than sixty applications were submitted, the Foundation’s Board of  Directors made the recommendation to award an additional ten grants and $50,000.

Remarks were made by CAP COM’s President and CEO, Chris McKenna, CAP COM’s Chief Relationship Officer Susan Fogarty, CAP COM’s Director of Community Engagement Becky Daniels, CAP COM’s Community Impact Manager Paige Rueckert and Jennifer Wuerz, Executive Director of Family & Child Services of Schenectady

The beneficiaries that received Infrastructure Grants included:

  • Albany Leadership Charter School

  • Albany NAACP (National Association for the Advancement of Colored People)

  • Boys & Girls Club

  • Brightside Up Inc.

  • CAPTAIN Community Human Services

  • CEO (Commission on Economic Opportunity)

  • Crossroads Center for Children

  • Eden’s Rose Foundation

  • Habitat for Humanity

  • IPH (Interfaith Partnership for the Homeless)

  • MHANY (Mental Health Association in New York)

  • Northern Rivers

  • Rebuilding Together Saratoga County

  • Regional Food Bank of Northeastern New York

  • Safe Inc. of Schenectady

  • SEAT Center (Social Enterprise And Training)

  • SiCM (Schenectady Inner City Mission)

  • The Charlton School

  • Veterans Community Housing Coalition

  • Wellspring

The Infrastructure Initiative program formalizes the CAP COM Cares Foundation’s commitment to be a strong community partner and support projects that nonprofits often find difficult to fund. Some examples of projects that inspired the initiative include building repairs, the installation of a septic system, computer software updates and equipment funding. These projects are vital for organizations to serve their constituents but can be delayed or unaddressed due to a lack of resources.

CAP COM Cares Foundation was established by CAP COM Federal Credit Union in 2003 to nurture the community by supporting health and wellness programs; financial literacy and education initiatives; and causes that assist underprivileged families. Since inception, the Foundation has donated over $5 million and over 35,000 volunteer hours to hundreds of organizations in the Capital Region. The CAP COM Cares Foundation is a 501(c)(3) charitable organization. Tax ID # 54-2071140.

CAP COM Federal Credit Union is a member-owned financial institution based in New York’s Capital Region with more than $2 billion in assets and 12 full-service branch locations, as well as a limited service branch at the City Hall in Schenectady, NY. An additional branch will open Summer of 2021 in Glenville. The credit union is member-driven and focused on superior service, convenient products and competitive rates that help members save money and make life little easier. CAP COM offers all the products and services you’d find at a typical financial institution. Visit www.capcomfcu.org to find out more. Federally insured by the National Credit Union Administration. Equal Housing Lender.