Grant presented at the Bank's annual Community Dividends lunch
Each year, on the Monday before Thanksgiving, Montecito Bank & Trust celebrates local nonprofits in a longstanding tradition known as their Community Dividends® luncheon. Housing Trust Fund Ventura County's Linda Braunschweiger was one of hundreds of nonprofit leaders who gathered to be recognized for the meaningful work each does every day in our community.
Thank you Montecito Bank & Trust for its very generous investment into affordable housing through the $15,000 donation received this year by Housing Trust Fund Ventura County. It will be leveraged to support affordable housing development for veterans, homeless individuals and families, farm workers, low- and very-low income individuals and families, young adults transitioning from foster care and cognitively impaired individuals.
The Community Dividends® tradition began twenty years ago when the Bank's late founder, Michael Towbes, invited 100 nonprofits to lunch and surprised each of them with a $10,000 check. The tradition carries on, giving away $1 million every November to hundreds of nonprofits across the Central Coast. This year, in honor of its 20th event year, the Bank gave away $2 million dollars.