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Salem Five Hosts Regional Leaders at Nonprofit Community Event

Panel discussion at a Salem Five nonprofit event with moderator at podium, four panelists seated at a table, and audience in a conference room.

For Springtime Forum Addressing Nonprofit Financial Sustainability

Salem, MA., May 8, 2026 – As part of its ongoing commitment the Nonprofit business community, Salem Five recently hosted a dedicated Springtime Nonprofit Community Discussion designed to equip regional charitable organizations with strategies for long-term growth. The forum gathered prominent community leaders and panel experts to address the complex financial hurdles facing modern nonprofits.

The event focused heavily on Funding, Financing, and Fiduciary Management, providing actionable insights for navigating a tight funding environment and balancing the increased demand of responsible, long-term growth. Moderated by Massachusetts State Representative Hannah Bowen, the expert panel featured prominent regional executives, including:

  • Stratton Lloyd, President and CEO of the Essex County Community Foundation
  • Jim Klocke, CEO of the Massachusetts Council of Nonprofits
  • Andrew McKenzie-DeFranza, Executive Director of Harborlight Homes
  • Carl Howell, CEO of Community Teamwork
  • Cheryl DeLorenzo, SVP and Nonprofit Solutions Team Lead at Salem Five


Navigating Economic Friction and Rising Demand

The panel engaged in a deep dive into maintaining financial sustainability as community needs escalate. Key points of discussion centered around:

  • Capital & Fundraising: Diversifying revenue channels and securing alternative capital amid shifting financial markets.
  • Declining Public Resources: Strategies for dealing with reduced government funding without compromising critical community services.
  • Responsible Scale: Balancing the immediate, increased demand for services with cautious, long-term organizational growth.
"As a local mutual bank, we know the immense challenges regional nonprofits face, and we are built to help them navigate these exact economic pressures," said Cheryl DeLorenzo, SVP/Nonprofit Solutions Team Lead at Salem Five. "Bringing these expert perspectives together allows our local organizations to share best practices and build structural resilience."

The event concluded with an interactive Q&A session, giving local nonprofit attendees direct access to the panelists to discuss localized fundraising challenges and fiduciary strategies. Organizations looking for ongoing backing or grant support are encouraged to review the eligibility criteria through the Salem Five Charitable Foundation.

About Salem Five Bank

Salem Five Bancorp is the holding company of Salem Five (www.salemfive.com), a mutual bank founded in 1855. Whatever the need and whatever the goal, Salem Five’s banking, investment and insurance professionals have the expertise to move customers forward. Salem Five has more than $8 billion in assets and 33 retail branches in Essex, Middlesex, Norfolk and Suffolk counties. Divisions include Salem Five Mortgage Company, one of the largest mortgage lenders headquartered in New England; Salem Five Wealth Management & Trust, which offers fiduciary wealth management services to institutions and high-net-worth individuals, financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Services, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC. Salem Five Mortgage Company’s NMLS # is 4662. Equal Housing Lender. Securities are offered through LPL Financial, member FINRA/SIPC. Life insurance products are offered through LPL Financial or its licensed affiliates. Insurance and investment products are not FDIC insured, not bank guaranteed, may lose value, not a deposit, and not insured by any federal government agency.


FOR MORE INFORMATION

(800) 850-5000
marketing@Salemfive.com

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