Endowment Charitable CD
What it is
The new Charitable CD is designed specifically for not-for-profit organizations and their supporters. This is an innovative way for you to create an "endowment" fund by allowing the interest earned on your Certificate of Deposit to be donated to Top Floor Learning.
Here's how it works
All you have to do is open your Charitable CD at Hampden Bank and tell them that you would like to donate to Top Floor Learning. The monthly interest that you earn on your CD automatically goes directly to Top Floor Learning in the form of a donation. You always retain ownership of the principal amount. At maturity, you can renew, donate, or retain the principal - the choice is yours. Donations may be used at Top Floor Learning's discretion. You will receive annual statements directly from Top Floor Learning for income tax purposes.
- An easy way to support Top Floor Learning
- It's automatic
- Only $100 minimum to open the account
- No monthly or annual fees
- Your choice of maturity dates
- The interest earned may be tax-deductible (see your tax advisor)
- Deposits are FDIC and DIF insured
Open your account today
2005 Boston Road
Wilbraham, MA 01095
413 452 5280 or 413 543 6953
Top Floor Learning is a not-for-profit 501(C)3 organization. Your gift is tax-deductible. Our federal tax ID number is 200-525-130.