Funds will support local nonprofits focused on
medium- and long-term community needs
CHARLOTTE, N.C., Sept. 29,
2022 /PRNewswire/ -- Truist Foundation today
announced donations totaling $1
million to support relief and recovery efforts for
communities impacted by Hurricane Ian in Florida.
Truist Foundation will provide three Florida regions with $200,000 each to support a nonprofit focused on
disaster relief efforts. Additionally, Truist Foundation will grant
$400,000 to the Center for Disaster
Philanthropy's (CDP) Atlantic Hurricane Season Recovery Fund for
Hurricane Ian. The CDP focuses on meeting medium- and long-term
needs such as rebuilding homes and livelihoods, mental health
services and other challenges identified by communities that arise
as recovery efforts progress.
"Our hearts are with our teammates, clients and communities
impacted by the devastation of Hurricane Ian and those who remain
in the path of this storm," said Truist Chairman and Chief
Executive Officer Bill Rogers. "The
importance of our purpose to inspire and build better lives and
communities has never been more clear, and we're committed to
helping those in need. We stand ready to help our communities
recover and rebuild."
Earlier this year, Truist Foundation donated $1 million to the American Red Cross Annual
Disaster Giving Program, designed to deploy assistance quickly to
communities impacted by events such as Hurricane Ian. Those funds
will help shelter and support thousands of families and individuals
impacted by the storm.
About Truist Foundation
The 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.
About Truist
Truist Financial Corporation (NYSE: TFC)
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.
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SOURCE Truist Foundation