MAKE A COMMITMENT TO YOUR COMMUNITY
We started as a small local business, and we still feel that it's our responsibility to give back to the community that we call home.
That's why Home Loan takes strides to support organizations that are making our neighborhoods better places to live and work.
These are just a few of the organizations that Home Loan supports by donating both funds and time.
Rhode Island Foundation
The Rhode Island Foundation works to build a better Rhode Island as a philanthropic resource for people, communities, organizations and programs. The foundation is devoted to creating a better community by evaluating local issues and making strategic grants, promoting and building effective philanthropy and building the strengths and capacity of the nonprofit sector.
Home Loan's Chairman, John Murphy, was named the Foundation's 2009 Inspiring Partner. John has established two scholarship funds at the Foundation. Through these scholarships, deserving students are provided critical educational opportunities.
The Urban League of RI is a community based, non-profit organization. Its mission is the elimination of racial discrimination, and segregation in the state, and the achievement of parity for Blacks, other minorities, and the poor in every phase of American life. The Urban League implements its mission through advocacy, program service delivery, bridge building among the races, and research.
Manton Avenue Project
The Manton Avenue Project works with children living in Providence's Olneyville neighborhood. The project teams up kids with adult theater artists and together they create original theater. The vast majority of plays are written by kids and acted and directed by adults.
Daniel A. Murphy, Home Loan's Vice President of Commercial Lending, serves on the Board of Directors for the Manton Avenue Project.
St. Jude Children's Research Hopsital
St. Jude is devoted to researching disease to save more children's lives. In fact, they accept and treat patients even if they have no health insurance, and patients never pay more than their insurance covers.
To help the cause, Home Loan has helped raise over a half-million dollars for St. Jude Children's Research Hospital. In addition, Home Loan made a sizable donation to help the partnership between St. Jude and Our Lady's Hospital for Sick Children in Dublin, Ireland to move pediatric hematology-oncology research forward.
Lou Gehrig's Disease
Lou Gehrig's Disease (ALS or Amyotrophic Lateral Sclerosis) is a neurodegenerative disease that breaks down motor neurons, the cells that reach between the brain, spinal cord and all the muscles of the body. People with the disease lose control of their muscles, and many become totally paralyzed, while their minds remain unaffected. Home Loan contributes to the cause so that someday a cure will be found.
The McAuley Corporation
Home Loan worked with the McAuley Corporation, a low-income, FHFB-approved housing developer, by providing significant financial assistance to build several homes in the Providence area. In addition, Home Loan bank staff prepared a grant for the corporation, on bank-paid time and using bank resources, requesting a $300,000 direct subsidy from the Federal Home Loan Bank of Boston to expand and refurbish the meal site and to rehabilitate 7 subsidized two- and three-bedroom apartments for very low-income residents.
Boys & Girls Club
Many kids need a safe, positive place to go after school lets out. The Boys & Girls Club of America provides programs and services so kids can learn, grow, and have fun. Home Loan supports multiple chapters of the Boys & Girls Club with financial support for activities, events, and programs. Home Loan's Chairman, John Murphy, was recently inducted into the Fox Point Boys & Girls Club Hall of Fame.
The Horace and Reverend E. Naomi Craig Scholarship Fund
This fund is unique in that it enables gifted, low-income fifth, sixth or seventh grade students to attended independent or parochial school by supplying the needed monies. Home Loan supports this effort to provide quality education, and continues to donate funds for this cause.
The mission of RISE is to provide scholarships and mentoring to children of currently and formerly incarcerated parents in order to break the intergenerational cycle of poverty, crime and addiction that too often threatens them.
Brian Murphy, President of Home Loan Investment Bank, served as the President of RISE until 2011.
Home Loan has provided financial support, clothing, furniture, transportation vehicles and other equipment to local schools, including: San Miguel School, West Bay Academy, Hope Highland School, McVinney School, and Edmund W. Flynn School.
Save The Bay
Save The Bay protects, restores, and improves the ecological health of the Narraganset Bay region, including its watershed and adjacent coastal waters, through an ecosystem-based approach to enviromental action; defends the right of the public to use and enjoy the Bay and its surrounding waters; and fosters an ethic of enviromental stewardship among people who live in or visit the Narragansett Bay region.
Home Loan Investment Bank is a proud partner of Save The Bay through its commercial lending division, Ocean Capital.