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ShoreBank Corporation Grant
Organization - ShoreBank Corporation
Grant Amount - $997,500
Foundation - Mott Foundation
Grant Purpose - ShoreBank Corporation is launching a $51,750,000 common equity fundraising effort to dramatically increase the scale and impact of its work that benefits low-income and other underserved communities by stimulating economic opportunity. This program-related investment will allow the Mott Foundation to purchase 133 shares of common stock, (2.66 Investment Units), 67 of which will have voting rights, at a cost of $997,500. This investment is being made because of ShoreBank Corporation's enviable track record of stimulating economic opportunity for low-income people.
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