Truist Foundation Supports Southeastern Communities Impacted by Hurricane Debby With $100,000 Grant

Truist Foundation has announced a $100,000 donation to support relief and recovery efforts in Southeastern communities impacted by Hurricane Debby.

Rhea-AI Summary

Truist Foundation has announced a $100,000 donation to support relief and recovery efforts in Southeastern communities impacted by Hurricane Debby. The funds will be distributed to the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund, the American Red Cross, and United Way Worldwide. These organizations will use the grant to address critical immediate needs such as food, shelter, and medical services, as well as medium- and 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 Debby. The foundation's proactive approach aims to support communities before, during, and after natural disasters, aligning with Truist's purpose of inspiring and building better lives and communities.

Positive

• Truist Foundation's $100,000 donation for Hurricane Debby relief demonstrates corporate social responsibility
• Earlier $1 million donation to American Red Cross Annual Disaster Giving Program shows ongoing commitment to disaster relief
• Proactive approach to disaster relief funding may enhance Truist's (TFC) reputation and community relations

Negative

• None.

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

CHARLOTTE, NC / ACCESSWIRE / August 5, 2024 / As Tropical Storm Debby - which is now a Category 1 hurricane - approached the Florida coast, Truist Foundation announced Sunday evening it will donate $100,000 to support relief and recovery efforts in impacted communities across the Southeast. The funds will be distributed to the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund, the American Red Cross and United Way Worldwide.

"Truist Foundation stands ready to support local communities impacted by devastating natural disasters, such as Tropical Storm Debby," said Lynette Bell, president of Truist Foundation. "This storm is expected to strengthen over the coming days, but we recognize it's critical for disaster relief organizations to have funding before, during and after storms hit. By providing this grant Sunday evening, we are living out Truist's purpose-inspiring others to join us, take action and provide aid."

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 Debby. 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.

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Media Contact: Kristen Fraser, media@truist.com

View additional multimedia and more ESG storytelling from Truist on 3blmedia.com.

Contact Info:
Spokesperson: Truist
Website: https://www.3blmedia.com/profiles/truist
Email: info@3blmedia.com

SOURCE: Truist

View the original press release on accesswire.com

FAQ

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

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

Truist Foundation donated $100,000 to support relief and recovery efforts in Southeastern communities impacted by Hurricane Debby.

Which organizations will receive the Hurricane Debby relief funds from Truist Foundation?

The funds will be distributed to the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund, the American Red Cross, and United Way Worldwide.

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.

How will the Hurricane Debby relief funds from Truist Foundation (TFC) be used?

The funds will be used to address critical immediate needs such as food, shelter, and medical services, as well as medium- and long-term recovery efforts in affected communities.