Funding will support programming across
Fairfax and Prince George's
counties
CHARLOTTE, N.C., Aug. 18,
2022 /PRNewswire/ -- Truist Financial Corporation
(NYSE: TFC), together with Truist Foundation and Truist Charitable
Fund, today announced a $1.45 million
commitment to Junior Achievement of Greater Washington (JAGW). The funding will
support JAGW's educational programs around financial literacy,
including its JA Finance Park® program for middle school
students that teaches them how to be financially capable for
lifelong success.
Truist shared details of its investment in Landover,
Maryland, inside JAGW's Financial
Park in Prince George's County.
Ellen Fitzsimmons, chief legal
officer and head of public affairs at Truist, was joined by Ed
Grenier, president and CEO of JAGW.
"As a financial institution, Truist understands the importance
and impact that financial education makes in our youths' lives and
their economic opportunity," said Fitzsimmons. "Junior
Achievement's vision to empower young people to have the skill set
to build thriving communities aligns with our ongoing emphasis on
creating more pathways to economic equity. Our long-standing
partnership with Junior Achievement of Greater Washington and this commitment is an
example of how we're putting our purpose to inspire better lives
and communities into action for the Greater Washington area."
JA Finance Park is a public-private nonprofit collaboration
between the Washington region's
school systems, businesses, educators and volunteer mentors who
come together to inspire, guide and teach students how to be
financially capable and ready to take on their futures. From
goal-setting to saving, budgeting, shopping and bill paying,
students experience what it really takes to successfully navigate a
complex economy and learn how their decisions today can impact
their future.
Truist's funding will provide JAGW and students from Fairfax and
Prince George's counties with the
curriculum materials, hands-on experiences, and mentors necessary
to prepare over 40,000 students in the Greater Washington region for financial and
career success.
"Truist's committed partnership gives JA the ability to empower
over 52,000 students a year across Greater Washington to develop financial
management skills and take charge of their futures," said
Grenier. "JA Finance Park's success is a testament to the
public-private venture model that brings together businesses and
school systems to prepare our local students to succeed in a global
economy. By partnering with Truist, we look forward to expanding
our reach and continuing to impact our region's next generation of
leaders."
JAGW inspires and prepares young people to succeed in a global
economy. The organization works to provide every
student equal access to relevant and experiential education,
community mentors, and global business leaders so they can
confidently pursue the real-world opportunities that matter most to
them. Junior Achievement alumni are more likely to graduate from
college and secure employment at a higher rate than their
peers.
Truist is committed to driving meaningful and lasting change in
Greater Washington, D.C. and has
provided $5.1 million in
charitable giving, lending and grants from Truist Foundation and
Truist Charitable Fund since 2021. Truist and Truist Foundation
have partnered with a number of Washington, D.C.-focused
nonprofits including the Washington Housing Conservancy, the
Washington Housing Initiative, the Washington Area Community
Investment Fund and Davis Memorial Goodwill among others to help
address affordable housing and support inclusive economic mobility
and workforce preparedness across the region.
About Junior Achievement of Greater
Washington
Junior Achievement of Greater Washington is a nonprofit organization
that is changing the game for our region's youth with relevant,
experiential education in financial literacy, work readiness and
entrepreneurship. We bring together school systems, business
leaders and trained mentor volunteers to provide equal access to
the tools, people and experiences all youth need to be 100%
prepared for real life in the real world. That means students gain
what matters most: control over their own lives, futures and
careers. To learn more, visit myJA.org.
About Truist
Truist Financial Corporation is a purpose-driven financial services
company committed to inspiring and building better lives and
communities. Truist has leading market share in many high-growth
markets in the country. The company offers a wide range of services
including retail, small business and commercial banking; asset
management; capital markets; commercial real estate; corporate and
institutional banking; insurance; mortgage; payments; specialized
lending; and wealth management. Headquartered
in Charlotte, North Carolina, Truist is a top 10 U.S.
commercial bank with total assets of $545 billion as
of June 30, 2022. Truist Bank, Member FDIC. Learn more at
Truist.com.
About Truist Charitable Fund
Truist Charitable Fund
is a donor-advised fund created by Truist and administered by The
Winston-Salem Foundation.
About Truist Foundation
Truist Foundation is committed
to Truist Financial Corporation's (NYSE: TFC) purpose to inspire
and build better lives and communities. Established in 2020, the
foundation makes strategic investments in nonprofit organizations
to help ensure the communities it serves have more opportunities
for a better quality of life. The Truist Foundation's grants and
activities focus on building career pathways to economic mobility
and strengthening small businesses. Learn more at
Truist.com/Purpose/Truist-Foundation.
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SOURCE Truist Financial Corporation