Concentra Bank Employees' Charity Trust

The Concentra Bank Employees' Charity Trust is a Canadian nonprofit organization established by employees of Concentra Bank, with the business registration number 887981041RR0001. This charity trust is based in Regina, Saskatchewan, and operates as a private foundation. It functions primarily by collecting employee contributions through payroll deductions, which are then directed to local United Way offices, aligning with the employees' cities of employment.

Purpose and Activities

The trust's main purpose is to facilitate charitable giving among Concentra Bank employees, leveraging payroll deductions as a convenient method for donations. This approach allows employees to contribute regularly to charitable causes while also supporting their local communities. By working closely with the United Way, the trust ensures that donations are effectively distributed to various community programs and initiatives.

Type of Organization

Concentra Bank Employees' Charity Trust is classified as a private foundation, which typically engages in grant-making activities by distributing funds donated by individuals, usually the founders. In this case, the trust is supported by the contributions of Concentra Bank employees.

Affiliation

While the trust is closely affiliated with Concentra Bank, a Canadian Schedule I bank, it operates independently in terms of its charitable activities. The broader organization, Concentra Financial, includes Concentra Trust, which is a notable trust company in Canada, providing extensive financial services.

Impact

By facilitating employee donations, the trust plays a significant role in supporting local communities and fostering a culture of philanthropy among Concentra Bank employees. The trust's activities contribute to enhancing the well-being and quality of life in the regions served by Concentra Bank, reflecting the bank's commitment to community engagement and social responsibility.

[1] https://www.concentra.ca [2] https://causes.benevity.org/causes/124-887981041RR0001 [3] https://mycharityfund.ca/charity/72459/concentra-bank-employees-charity-trust [4] https://advisor.wellington-altus.ca/stuchberrygroup-2/wp-content/uploads/sites/223/2024/10/Concentra-Trust-Profile-1.pdf [5] https://www.equitablebank.ca/concentra-trust