Jersey Shore Business Journal

May 14, 2008

CapeBank Charitable Foundation formed

CAPE MAY COURT HOUSE -- Cape Bank, with 20 branches and lending offices throughout Atlantic and Cape May counties and headquarters in Cape May Court House, has a long history of giving back to the community. To date, Cape Bank has contributed approximately $3 million in charitable donations and, in 2007 alone, company employees volunteered more than 1,200 hours of their time to local events and charities through the bank’s generous Cape Cares program.
“Our Cape Cares program was initiated in 1996 and it’s been a fantastic success, but we wanted to create a charitable foundation to more effectively give back to the communities we serve,” said Herbert L. Hornsby, Jr., president and CEO of Cape Bank.
This goal was fulfilled with the recent establishment of the CapeBank Charitable Foundation. The Foundation, which will provide grants to 501(c)(3) organizations and those with ‘public charity’ status, has initially targeted four primary categories of local organizations to support – Education; Health & Human Services; Youth Programs; Affordable Housing. However, Hornsby is quick to point out, “The CapeBank Charitable Foundation remains alert to the changing needs and social conditions of our community and may choose to enhance these areas of interest over time.”
Qualified organizations in Atlantic and Cape May counties that are interested in applying for a grant from the Foundation can contact the office directly at 609-465-5600 or CapeBank Charitable Foundation, Attn: Abigail Crafts, 225 North Main Street, Cape May Court House, NJ 08210. Information will also soon be available on the Cape Bank website at www.capebanknj.com. Along with a Grant Application, your organization will receive a Grant Guidelines document which outlines helpful tips in applying for a CapeBank Charitable Foundation grant.
“We encourage local organizations that are striving to advance the quality of life in our community to contact us. Together, we can work wonders for the people who live and work in Atlantic and Cape May Counties,” adds Hornsby.