Grants total more than $900,000 in Oregon
and Washington, including $100,000 match for State of Oregon’s
stORytime program
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ),
today announced the Umpqua Bank Charitable Foundation’s first four
grants with commitments to organizations in Oregon and Washington
State and an education partnership with the State of Oregon.
The Umpqua Bank Charitable Foundation recognizes the integral
connection between educational success and economic prosperity.
Through targeted investments in organizations focused on children’s
education and wellbeing, the Foundation works to create economic
opportunity for all in the communities Umpqua Bank serves. It was
initially funded with $10 million in April 2014 to demonstrate the
company’s deep commitment to the communities it serves as the West
Coast’s largest community bank.
“As a community bank, Umpqua Bank’s commitment to investing in
the communities we serve runs deep – in fact, we believe we have an
obligation to give back in meaningful ways,” said Ray Davis,
president and CEO of Umpqua Bank. “Now, through the Foundation,
we’ll be able to take our commitment to a new level with larger,
multi-year partnerships that advance our ability to help make a
difference in the lives of children and families, and our
communities’ economic wellbeing and success long into the
future.”
Oregon Education Partnership
Studies show that a child’s ability to read by 3rd grade is one
of the single-greatest predictors of lifelong success. In
partnership with the state of Oregon’s Literacy Campaign,
stORytime, the Umpqua Bank Charitable Foundation will match
community book donations with a goal of putting more than 80,000
books in the homes of families in communities across Oregon. From
October 1 through December 15, Umpqua will match every book
purchased by the community through the stORytime website, up to
$100,000. Donations can be made by going to
storytimeoregon.com/books or umpquabank.com, or by visiting any
Oregon Umpqua Bank store to learn more.
Initial Grants
With its first four grants, the Umpqua Bank Charitable
Foundation is taking a lead role in four pivotal initiatives in
Douglas County, Ore., and Spokane County, Wash.
Family Development Center
Through the Foundation’s $350,000 grant, Family Development
Center will be able to expand its services to serve an additional
75 at-risk children across Douglas County. Family Development
Center is focused on providing child abuse and neglect intervention
and prevention services to extremely high-risk families. The
organization delivers therapeutic early childhood education,
training and skill building to parents; and meals, transportation
and more for families with children 0-5 years old. The intensive
services provided to children at the Family Development Center help
ensure children arrive at school ready to learn, which is a
critical milestone in their development.
SMART
Children who are proficient readers by the end of third grade
are four times more likely to graduate from high school, better
positioning them for lifelong economic success. The Foundation’s
$85,000 grant will allow SMART to expand its reading support to
PreK – third-grade students across Douglas County with nine new
school and Head Start sites to serve an additional 220 children
over a three-year period. In addition, SMART will be able to hire
new staff to increase volunteer efforts immediately.
Second Harvest
Research has shown consistently that hungry children are at a
distinct disadvantage in school. Through the Foundation’s $300,000
grant, Second Harvest will be launching a new program to ensure
food security at three low-income elementary schools in Spokane
County. By combining access to food over weekends, supplemental
food distributions through mobile food banks and in-class snacks,
the goal is to positively impact academic success for individual
students and the school overall.
Excelerate Success
This unique program uses an innovative model to convene
complementary organizations, streamline and leverage existing
resources and work toward common outcomes. With the Umpqua Bank
Charitable Foundation’s grant of $120,000, Excelerate Success will
implement strategies – both broad-based, impacting the whole of the
county, and targeted tactics focused on three selected schools – to
increase kindergarten readiness in Spokane County. The program
includes elements ranging from distribution of books to creation of
parent support networks.
Ongoing Commitment
Going forward, the Foundation will also fund Umpqua’s ongoing
Community Giving grants – typically between $2,500 and $10,000 – to
organizations focused on youth development and education, community
development and arts access. Grants are available to nonprofit
organizations in Umpqua’s five-state presence in California, Idaho,
Northern Nevada, Oregon, and Washington. Organizations can submit
an application at www.umpquabank.com/communitygiving; the company’s
associate-led Community Giving team reviews and approves all
grants.
In addition, Umpqua Bank also invests in the communities it
serves through its Connect Volunteer Network, which provides every
Umpqua associate with up to 40 hours of paid time off each year to
volunteer. Since the program’s inception, Umpqua associates have
volunteered more than 300,000 hours at organizations across the
company’s footprint, with more than 82% of all associates serving
43,000 hours in 2013 alone.
About Umpqua Bank Charitable Foundation
The Umpqua Bank Charitable Foundation recognizes the fundamental
connection between education and economic prosperity. It works to
strengthen the communities Umpqua Bank serves by investing in
organizations and initiatives that expand access to education and
create economic opportunity for children and families.
The Umpqua Bank Charitable Foundation was initially funded with
$10 million in April 2014, and was formed to demonstrate the
company’s deep commitment to the communities it serves.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of
Umpqua Holdings Corporation, and has locations across Idaho,
Washington, Oregon, California and Northern Nevada. Umpqua Bank has
been recognized for its innovative customer experience and banking
strategy by national publications including The Wall Street
Journal, The New York Times, BusinessWeek, Fast Company and CNBC.
The company has been recognized for the past eight years in a row
on FORTUNE magazine’s list of the country’s “100 Best Companies to
Work For,” and was recently named by The Portland Business Journal
the Most Admired Financial Services Company in Oregon for the ninth
consecutive year. In addition to its retail banking presence,
Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally
recognized commercial finance company that provides equipment
leases to small businesses.
Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua
Investments, Inc., which offers services through Umpqua Bank stores
and in dedicated offices throughout Oregon. Umpqua’s Wealth
Management Division serves high net worth individuals and
nonprofits by providing customized financial solutions and
offerings. Umpqua Holdings Corporation is headquartered in
Portland, Ore. For more information, visit
http://www.umpquabank.com.
for Umpqua BankTom Biro, 206-686-6420tom@allisonpr.comLeah
Almeling, 206-686-6421Leah@allisonpr.com
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