Fifth Third Foundation Announces 2017 Strengthening Our Communities Fund Award Recipients
December 27 2017 - 11:45AM
Business Wire
The Fifth Third Foundation has announced a total of $2.5 million
in grants from its Strengthening Our Communities Fund in 2017. The
Fund awards grants to designated nonprofit programs that support
homeownership, affordable housing, small business development and
financial stability for individuals and families. Programs in these
areas strengthen and stabilize communities and make them a better
place to live, work and thrive.
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Heidi Jark, Managing Director, Fifth
Third Foundation (Photo: Business Wire)
“The Strengthening Our Community grants are important because
they result in people’s lives being positively changed, and they
allow organizations the opportunity to expand their reach,” said
Heidi Jark, managing director, Fifth Third Foundation. “Through
these grants, we are able to continue building lasting
relationships and help strengthen the communities we serve.”
The fund in 2017 had an impact on more than 355 people through
neighborhood revitalization projects and nearly 5,200 people who
received workforce development and financial education services.
More than 1,640 households were assisted with resources for home
repair and rehab programs that helped senior citizens maintain
their homes and through homeowner assistance programs that helped
people achieve the American dream of homeownership. Nearly 2,200
more people were helped by economic development programs, including
technical assistance and micro-lending for small businesses.
Fifth Third Bank’s Western Michigan region received $250,000 in
SOC grants. “We are humbled and grateful to be a Strengthening Our
Communities grant recipient alongside some outstanding
organizations, and to mobilize these funds in the Roosevelt Park
neighborhood of Grand Rapids,” said BriAnne McKee, executive
director of Habitat for Humanity of Kent County. “Fifth Third
Bank’s generosity and commitment to affordable housing and strong
neighborhoods is bringing the neighbors of Roosevelt Park one step
closer to realizing their vision for their neighborhood.”
Other organizations in the region that received SOC funds were
the Literacy Center of West Michigan, for linking their adult and
financial literacy programs, and Start Garden, for its Start Garden
loan pool fund.
Nationally, SOC grants were awarded to nearly 60 organizations
across Fifth Third’s 10-state footprint. Some of those
organizations in the Bank’s regions included:
- Central Ohio ($250,000): Funds
will be used by The United Way of Central Ohio’s leadership
academy; Partners Achieving Community Transition’s home repair
program; Community Development for All People’s healthy
neighborhoods and families program; the Ohio Minority Supplier
Development Council’s supplier diversity executive education
program; and Habitat for Humanity MidOhio’s Habitat Housing
Initiative.
- Florida ($250,000): Funds will
be used by the Central Florida Urban League’s Meet the Bankers
program; Affordable Homeownership Foundation’s program for
affordable housing for low-to-moderate income home buyers with
disabilities; Corporation to Develop Communities of Tampa’s
comprehensive asset building project; Florida Housing Coalition’s
nonprofit rental development capacity; Florida Gulf Coast
University’s growth acceleration and new market development
initiatives; the Hispanic Business Initiative Fund of Florida’s
technical assistance program; University of South Florida
Foundation’s Florida Small Business Development Center; and the
Urban League of Broward County’s Entrepreneurship Center.
- North Carolina ($150,000): Funds
will be used by the North Carolina Development Initiative’s
Building Capacity and Meeting the Need fund; Charlotte Mecklenburg
Housing Partnership’s Homeownership Center of Charlotte; Charlotte
Housing Authority/CORE’s Destination Homeownership program;
Community Link’s VITA/Homeownership Asset Building program; North
Carolina Institute of Minority Economic Development’s small
business technical assistance program; and the Renaissance West
Community Initiative’s computer literacy training program.
- Georgia ($100,000): Funds will
go to the Urban League of Greater Atlanta for its Housing and
Community Development Program; Georgia Advancing Communities
Together for its Capacity Building Initiative; Access to Capital
for Entrepreneurs for the ACE Business Advisory Services program;
and the Atlanta Neighborhood Development Partnership’s Neighborhood
by Neighborhood Initiative.
“The Bank strives to improve lives by supporting programs and
initiatives that create strong, vibrant communities and provide
pathways to opportunity for as many people as possible,” said Byna
Elliott, senior vice president and director of Community and
Economic Development, Fifth Third Bank. “We are committed to
creating strategic, philanthropic community partnerships that align
with programs and impact focus areas for the purpose of empowering
communities and the people in them.”
The Fifth Third Foundation invites nonprofit organizations to
apply for SOC funding. Awards are made four times per year. Grant
awards begin at $25,000 and are for a one-year period.
About The Fifth Third
Foundation
Established in 1948, the Fifth Third Foundation was the first
philanthropic foundation established by a financial institution.
The Fifth Third Foundation supports worthwhile organizations in the
areas of education, health and human services, community
development and the arts.
About Fifth Third
Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of Sept. 30, 2017, the
Company had $142 billion in assets and operated 1,155 full-service
Banking Centers and 2,465 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. In total, Fifth Third provides its customers with
access to nearly 55,000 fee-free ATMs across the United States.
Fifth Third operates four main businesses: Commercial Banking,
Branch Banking, Consumer Lending and Wealth & Asset Management.
Fifth Third also has an 8.6 percent interest in Vantiv Holding,
LLC. Fifth Third is among the largest money managers in the Midwest
and, as of Sept. 30, 2017, had $348 billion in assets under care,
of which it managed $36 billion for individuals, corporations and
not-for-profit organizations through its Trust and Registered
Investment Advisory businesses. Investor information and press
releases can be viewed at www.53.com. Fifth Third’s common stock is
traded on the Nasdaq® Global Select Market under the symbol “FITB.”
Fifth Third Bank was established in 1858. Member FDIC.
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