Buckhead Coalition Pushes Banks to Help Nonprofits
The Buckhead Coalition leads effort to connect community banks and nonprofits.
The Buckhead Coalition has lobbied community-oriented banks to provide free space, a desk, a file, and chairs to area related tax-exempt associations. More electronic banking has resulted in bank lobbies having unused space, and office rent rates are increasing beyond what small nonprofit groups can afford, so the Buckhead Coalition decided to bring these two issues together.
“Partnerships like these will be in keeping with the civic service the banking business brands its image, and should generate some incremental business as well,” retiring Coalition president and former Atlanta Mayor Sam Massell said in a press release.
An example of such a partnership is Cadence Bank finalizing an arrangement with the nonprofit Buckhead Business Association at Buckhead Tower at Lenox Square to provide free space for the nonprofit.
According to the Buckhead Coalition, there are 24 brick and mortar storefront banks in the Buckhead community, and nine of those are considered small, community-oriented banks. There are nearly 30,000 nonprofit groups in Georgia, according to the National Center for Charitable Statistics.
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