PRESS RELEASE

for The Cape Cod Five Cents Savings Bank
FOR IMMEDIATE RELEASE: February 19, 2020
Contact: Stephanie Dennehy for further information at 508-247-1605 or
sdennehy@capecodfive.com

 

Hyannis, MA – Cape Cod 5 welcomed local public school teachers to their new headquarters
(HQ5™) in Hyannis for the 20 th Annual Mini-Grants Awards Reception on Wednesday,
February 5, 2020. At the event, during which teachers were celebrated for their hard work and
commitment to innovation, Cape Cod 5 presented 87 grants to teachers from local schools to
fund educational projects that they developed. 3 of the grants were presented to 5 educators on
Nantucket to fund projects at Nantucket Elementary School and Nantucket High School. For the
full list of winning teachers and schools, see below.

The winning projects cover a wide array of topics, including virtual reality, civic engagement and diplomacy, social emotional learning, marine engineering, computer science, coding and robotics. The teachers estimate that these 87 projects will impact close to 24,000 students. 

Approximately 100 local educators came together for the awards reception. During a brief ceremony, Cape Cod 5 Co-President Robert Talerman welcomed the award winners and guests and announced, “Since the inception of the Educational Mini-Grants Program in 2000, Cape Cod 5 has awarded 1,166 Mini-Grants totaling $454,153.” Chair of the Mini-Grants Review Committee and Chief Marketing Officer Stephanie Dennehy provided the data on this year’s grant round and highlighted some of the projects that had received a Mini-Grant.

Dorothy A. Savarese, Chair and CEO of Cape Cod 5, shared her gratitude and admiration for the
award winners. “We are proud to support our dedicated local educators who continue to use
innovation and dedication to bridge the gap between what our future leaders are taught in the
classroom and what they will experience in the real world,” said Savarese. “In order for our
society and communities to thrive during a time of change, individuals need critical thinking
skills that are established through educational projects like these. This is why Cape Cod 5 has
identified Education and Enrichment as an important area of focus where we hope to continue
making an impact in our communities.”

She then announced that in celebration of the 20 th anniversary of the program, 20 additional
grants would be presented on the spot through a random drawing. Samantha Turcotte of
Nantucket Elementary School was one of the winners of these bonus grants.

Public educators from all grade levels in the communities served by the Bank are eligible for the
award and submit their applications in the fall each year. Teachers use the grants to initiate
original educational programs that would not otherwise be available to their students.
Applications are available in the fall at www.capecodfive.com/mini-grants.

List of Nantucket Mini-Grant Recipients:

Teacher                             School
Samantha Turcotte         Nantucket Elementary School
Jon Barone                    Nantucket High School
Patrick Gregoritch          Nantucket High School
Tim Psaradelis               Nantucket High School
Jed Williams                  Nantucket High School

About Cape Cod 5

Founded in 1855, Cape Cod 5 is an independent state-chartered financial institution with over $3.4 billion in
assets. Through its 26 offices, Cape Cod 5 offers a broad range of financial products and services to customers living and working on Cape Cod, Martha’s Vineyard and Nantucket and in Southeastern Massachusetts communities.Products and services include consumer and commercial banking products; residential mortgages; investment management and trust services. Member FDIC. Equal Housing Lender. NMLS #401717.