Why Nonprofits Need a Personal Financial Touch
At The Milford Bank, we pride ourselves on our commitment to nonprofits—and a large number of them have certainly captured our attention and hearts.
Nonprofits are just like any other business in the sense that they need help with managing their finances and investments. After all, the more money such organizations are able to generate and save, the better position they are in to fulfill their mission. But just as it’s imperative for donors to find the right nonprofits to support—those that resonate with their core values—it’s important for nonprofits to find the right financial advisors that seem aligned with the organization’s mission. For nonprofits, it’s not about seeing a quick return necessarily; rather, it’s about helping position themselves in ways that ensure long-term financial vitality.
Our customers take comfort in the fact we are so immersed in the Milford and Stratford communities, one we know so well and have served for over 140 years. We participate in the Boys & Girls Club Pumpkins on the Pier; the Milford Rotary’s Lobster Bake; and the Devon Rotary’s Oktoberfest, among other events. In other words, we welcome the opportunity to give back. Because of our rich history, we offer a personal touch that our competitors simply cannot. We do more than simply hand out donations to help organizations grow. We protect your assets and enhance your visibility. We offer solutions. We look out for your best interests and are wholeheartedly committed to helping you thoroughly accomplish your goals.
No matter the mission of the nonprofit, organizations must manage their finances under the specific constraints of the 501(c)(3) tax code. Rather than directing lots of organizational resources toward understanding the complexities of such a code and navigating under its structure successfully, nonprofits should partner with knowledgeable financiers who have navigated such waters countless times.
Nonprofits certainly have a lot of options regarding the banking institution with which they choose to partner. But a majority of those banks will simply offer traditional accounts and investment services—and nothing more. With our intricate knowledge of what makes Milford and Stratford tick, we at The Milford Bank are confident that we’ll be able to help your nonprofit organization attain the financial security you deserve.
You’ve got questions, and we’ve got answers. We can’t wait to get the conversation started.
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