Truist Foundation announces $250,000 disaster relief, recovery grant in advance of Hurricane Francine hitting 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
"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
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