First Savings’ Extraordinary Philanthropy

Year after year, Junior Achievement’s investors give generously to ensure that our region’s young people learn the most important aspects of financial literacy, work readiness and entrepreneurship. Some do so without being asked. The story of the First Savings Charitable Foundation’s unsolicited giving is one that serves as a model for extraordinary philanthropy.

The Foundation was formed in 2008 as part of the conversion of First Savings Bank (of Clarksville, Indiana) to a stock organization. The creation of this foundation was due to First Savings Bank’s desire to impart value to its service area with the intention of providing funding for financial education, economic development, and community vitality. Since 2010, it has donated more than $404,000 to ensure that Southern Indiana students from three counties are prepared and inspired to thrive in our global economy. During that time period, close to 20,000 students will have received a total of 389,000 economics education instructional hours as a result of this giving.

Greater Clark County Schools Superintendent, Dr. Andrew Melin puts this philanthropy in perspective: “Simply put, our students need these programs and would not have them without the generosity of the First Savings Charitable Foundation. Those who make this giving decision are heroes of the business world.”