Live Oak Bank Announces $600,000 Grant in Support of Child Care Providers in New Hanover County
Live Oak Bank (LOB) has announced a $600,000 grant to support licensed early child care providers in New Hanover County. The grant, distributed over two years, will provide free access to Wonderschool's technology platform, enabling child care providers to connect with pre-qualified substitute teachers.
The initiative aims to ensure continuity of care and maintain strong student-teacher ratios by streamlining the process of recruiting, screening, and training substitute teachers. The partnership with Wonderschool aligns with Live Oak Bank's philanthropic focus on workforce development, specifically supporting access to reliable childcare for working parents.
Live Oak Bank (LOB) ha annunciato una concessione di 600.000 dollari a sostegno dei fornitori autorizzati di assistenza all'infanzia nella contea di New Hanover. La sovvenzione, distribuita su due anni, offrirà accesso gratuito alla piattaforma tecnologica di Wonderschool, permettendo ai fornitori di assistenza di connettersi con insegnanti supplenti prequalificati.
L'iniziativa mira a garantire la continuità dell'assistenza e a mantenere rapporti ottimali tra studenti e insegnanti, semplificando il processo di reclutamento, selezione e formazione degli insegnanti supplenti. La collaborazione con Wonderschool è in linea con l'impegno filantropico di Live Oak Bank nello sviluppo della forza lavoro, sostenendo in particolare l'accesso a un'assistenza all'infanzia affidabile per i genitori lavoratori.
Live Oak Bank (LOB) ha anunciado una subvención de 600,000 dólares para apoyar a los proveedores autorizados de cuidado infantil en el condado de New Hanover. La subvención, distribuida en dos años, ofrecerá acceso gratuito a la plataforma tecnológica de Wonderschool, permitiendo que los proveedores de cuidado infantil se conecten con maestros suplentes preseleccionados.
La iniciativa busca asegurar la continuidad del cuidado y mantener ratios adecuados entre estudiantes y maestros, agilizando el proceso de reclutamiento, selección y capacitación de maestros suplentes. La colaboración con Wonderschool está alineada con el enfoque filantrópico de Live Oak Bank en el desarrollo de la fuerza laboral, apoyando específicamente el acceso a cuidado infantil confiable para padres trabajadores.
라이브 오크 뱅크(LOB)는 뉴해노버 카운티의 허가받은 조기 보육 제공자들을 지원하기 위해 60만 달러의 보조금을 발표했습니다. 이 보조금은 2년에 걸쳐 배분되며, Wonderschool의 기술 플랫폼에 무료로 접속할 수 있도록 하여 보육 제공자들이 사전에 자격을 갖춘 대체 교사들과 연결될 수 있게 합니다.
이 이니셔티브는 돌봄의 연속성을 보장하고 학생과 교사 비율을 유지하기 위해 대체 교사 모집, 심사 및 교육 과정을 간소화하는 데 목적이 있습니다. Wonderschool과의 협력은 라이브 오크 뱅크의 인력 개발에 대한 자선적 관심과 일하는 부모들을 위한 신뢰할 수 있는 보육 접근 지원과 일치합니다.
Live Oak Bank (LOB) a annoncé une subvention de 600 000 dollars pour soutenir les prestataires de garde d'enfants agréés dans le comté de New Hanover. Cette subvention, répartie sur deux ans, offrira un accès gratuit à la plateforme technologique de Wonderschool, permettant aux prestataires de garde de se connecter avec des enseignants suppléants préqualifiés.
L'initiative vise à assurer la continuité des soins et à maintenir des ratios élèves-enseignants équilibrés en simplifiant le processus de recrutement, de sélection et de formation des enseignants suppléants. Le partenariat avec Wonderschool s'inscrit dans l'engagement philanthropique de Live Oak Bank en faveur du développement de la main-d'œuvre, en soutenant spécifiquement l'accès à une garde d'enfants fiable pour les parents actifs.
Live Oak Bank (LOB) hat eine Förderung in Höhe von 600.000 US-Dollar angekündigt, um lizenzierte Anbieter von frühkindlicher Betreuung im New Hanover County zu unterstützen. Die Förderung, verteilt über zwei Jahre, ermöglicht kostenlosen Zugang zur Technologieplattform von Wonderschool, wodurch Betreuungsanbieter mit vorqualifizierten Vertretungslehrern in Kontakt treten können.
Die Initiative zielt darauf ab, die Kontinuität der Betreuung sicherzustellen und ein gutes Betreuungsverhältnis zwischen Schülern und Lehrern aufrechtzuerhalten, indem der Prozess der Rekrutierung, Überprüfung und Schulung von Vertretungslehrern vereinfacht wird. Die Partnerschaft mit Wonderschool steht im Einklang mit dem philanthropischen Fokus der Live Oak Bank auf die Entwicklung der Arbeitskräfte, insbesondere der Unterstützung des Zugangs zu verlässlicher Kinderbetreuung für berufstätige Eltern.
- None.
- None.
Insights
Live Oak's targeted $600,000 childcare grant addresses workforce infrastructure needs while demonstrating sustained community commitment through technology-based solutions.
Live Oak Bank's
The initiative directly connects to Live Oak's stated focus on workforce development by addressing an infrastructure challenge that impacts labor force participation. Rather than a one-time donation, this multi-year commitment demonstrates sustained engagement with a fundamental community need.
By investing in technology-based solutions, Live Oak is supporting systemic improvements to childcare provider operations rather than just providing short-term financial relief. This approach reflects a sophisticated understanding of how corporate philanthropy can address root causes of community challenges.
This modest community grant showcases Live Oak's commitment to local economic infrastructure while strengthening market presence through targeted support.
This
Banks increasingly recognize that investment in community vitality can yield long-term business ecosystem benefits. The focus on technology-enabled solutions for childcare providers aligns with Live Oak's innovative banking approach.
From a banking perspective, supporting childcare stability helps create conditions for economic participation—particularly for working parents who may be current or potential banking customers. This initiative showcases Live Oak's commitment to its home market of New Hanover County, where building strong community relationships remains essential even for banks with broader market reach.
The investment addresses a specific operational challenge for childcare providers rather than simply providing funding, demonstrating a thoughtful approach to community support.
WILMINGTON, N.C., May 06, 2025 (GLOBE NEWSWIRE) -- Live Oak Bank has announced a
“At Live Oak Bank, we believe in the power of strengthening our local community, and that starts with access to quality early education,” said BJ Losch, president of Live Oak Bank. “We are proud to partner with Wonderschool to offer New Hanover County preschool providers access to a platform that directly supports the stability of local childcare, a cornerstone for working families.”
This grant, paid out over two years, gives public and private early child care providers in New Hanover County free access to Wonderschool’s innovative technology that allows them to review and match with pre-qualified substitute teachers, an otherwise time-consuming process that includes recruitment, critical background screening and training.
“Sometimes life gets in the way for early educators, and that can have a big impact on working parents, families and children. We’re building technology to try and make their lives just a little bit easier,” said Chris Bennett, founder and CEO of Wonderschool. “We’re teaming up with Live Oak to build a qualified and caring pool of substitutes who are ready to ensure not just continuous, but quality preschool experiences day in and day out.”
Live Oak's philanthropic efforts prioritize workforce development, specifically helping people secure jobs with family-supporting wages, benefits and career advancement opportunities. “To achieve this vision,” said Kate Groat, Live Oak's director of corporate philanthropy, “working parents must have access to reliable, high-quality childcare from educators they can trust.”
About Live Oak Bank
Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (NYSE: LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation. To learn more, visit www.liveoak.bank.
About Wonderschool
Wonderschool's comprehensive technology and business support platform is designed to address every aspect of the child care and early learning ecosystem. Wonderschool's vision is to ensure that quality early care and education are conveniently accessible to every child within a 5-minute radius of their home. As leaders in collaborating with governments and employers, Wonderschool spearheads initiatives to scale and enhance child care access for every community across the country. Named one of Time's Most Influential Companies in 2022, Wonderschool is venture-backed by Goldman Sachs, Andreessen Horowitz, First Round, Omidyar, Unusual Ventures, and Gary Community Investments, among others. Learn more at www.wonderschool.com.
Contacts:
Claire Parker
Live Oak Bank, Corporate Communications
910.597.1592
claire.parker@liveoak.bank
Madison Carlos
Live Oak Bank, Corporate Communications
910.386.6616
madison.carlos@liveoak.bank
FAQ
What is the size of Live Oak Bank's (LOB) grant for child care providers in 2025?
How will Live Oak Bank's partnership with Wonderschool benefit child care providers?
What is the main purpose of LOB's child care grant program?
How does the child care grant align with Live Oak Bank's philanthropic goals?
