Truist Foundation announces $250,000 disaster relief, recovery grant in advance of Hurricane Francine hitting U.S. Gulf Coast

Truist Foundation has announced a $250,000 donation for disaster relief and recovery efforts in anticipation of Hurricane Francine hitting the U.S. Gulf Coast.

Rhea-AI Summary

Truist Foundation has announced a $250,000 donation for disaster relief and recovery efforts in anticipation of Hurricane Francine hitting the U.S. Gulf Coast. The funds will be distributed to the American Red Cross and the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund. These organizations will use the grants to address immediate community needs such as food, shelter, and medical services, as well as support long-term recovery efforts.

Earlier this year, Truist Foundation also donated $1 million to the American Red Cross Annual Disaster Giving Program to provide quick assistance to communities affected by disasters like Hurricane Francine. Truist Foundation, an endowed private foundation established in 2020, focuses on building career pathways to economic mobility and strengthening small businesses to promote equal opportunities for community growth.

Positive

• Proactive $250,000 donation for disaster relief before Hurricane Francine's landfall
• Previous $1 million donation to American Red Cross Annual Disaster Giving Program
• Strategic partnerships with established disaster relief organizations
• Focus on both immediate relief and long-term recovery efforts

Negative

• None.

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Funds will help provide immediate relief, support long-term recovery efforts in impacted communities

CHARLOTTE, N.C., Sept. 11, 2024 /PRNewswire/ -- In response to Hurricane Francine's projected landfall along the U.S. Gulf Coast this afternoon, Truist Foundation today announced it will donate $250,000 to support relief and recovery efforts in communities impacted by the storm. The funds will be distributed to the American Red Cross and the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund. 

"As this year's record hurricane season continues to affect communities across the country, Truist Foundation is committed to caring for those in the path of these unexpected disasters," said Lynette Bell, president of Truist Foundation. "We are proud to put our purpose into action, leaning in before the storm makes landfall, to ensure the impacted families and communities have the resources they need for immediate relief as well as long-term recovery and rebuilding support."

The selected organizations will use their grant funds to identify and deliver the most critical immediate community needs such as access to food, shelter and medical services. A portion of the donation will be focused on medium- and long-term recovery informed by disaster experts in partnership with those in the affected communities. Restoration efforts may address needs such as rebuilding homes, providing mental health, legal and disaster case management services, and other urgent challenges identified as recovery efforts progress.

Additionally, 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 Francine. Those funds help provide food, shelter, emotional support, comfort kits and other immediate relief supplies to thousands of families and individuals impacted by such disasters.

About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Embodying these focus areas are the foundation's leading initiatives — the Inspire Awards and Where It Starts. Learn more at Truist.com/Foundation.

 

View original content:https://www.prnewswire.com/news-releases/truist-foundation-announces-250-000-disaster-relief-recovery-grant-in-advance-of-hurricane-francine-hitting-us-gulf-coast-302245177.html

SOURCE Truist Foundation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Truist Foundation donate for Hurricane Francine relief efforts?

Truist Foundation donated $250,000 for disaster relief and recovery efforts in anticipation of Hurricane Francine hitting the U.S. Gulf Coast.

Which organizations will receive the Hurricane Francine relief funds from Truist Foundation (TFC)?

The $250,000 donation will be distributed to the American Red Cross and the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund.

What was Truist Foundation's earlier donation to the American Red Cross in 2024?

Earlier in 2024, Truist Foundation donated $1 million to the American Red Cross Annual Disaster Giving Program for quick assistance to communities affected by disasters.

What are the main focus areas of Truist Foundation (TFC)?

Truist Foundation focuses on building career pathways to economic mobility and strengthening small businesses to promote equal opportunities for community growth.