Fifth Third Bancorp (NASDAQ:FITB)
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6 Months : From Oct 2019 to Apr 2020
The Foundation Office at Fifth Third Bank, National Association, has announced gifts of nearly $6.2 million in 2019 through eight major foundations for which it serves as trustee or agent. Grants were given to organizations that focus on education, arts and culture, civic and community programs, health and human services, and community reinvestment activities that benefit low- to moderate-income earners, small businesses, affordable housing, financial literacy and workforce development efforts.
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Heidi Jark, senior vice president and managing director of The Foundation Office at Fifth Third Bank (Photo: Business Wire)
“We are pleased to have worked with so many inspiring organizations through the year that bring positive change to our communities,” said Heidi B. Jark, senior vice president and managing director of The Foundation Office. “Through The Foundation Office, we are working to fulfill the vision of the numerous families that have established philanthropic foundations to create a legacy of improving lives.”
These charitable grants help a wide variety of people and are far-reaching in their impact. New Life Furniture Bank, a nonprofit organization that delivers gently used furniture to families in need, received funds from the Ohio Valley Foundation. Dana Saxton, New Life’s executive director, explained how the money will help families. “The funding will help to furnish the homes of low-income Cincinnati residents by allowing us to collect more donated furniture and delivering up to 18 items to each household,” she said. “By stabilizing home environments, family members have a much greater chance to lead more dignified lives and their children can develop properly.”
Tracy Brumfield, founder of Reenter Into Society Empowered (RISE Up News), said the funds her news organization received from the Jacob G. Schmidlapp Trust have helped it link incarcerated individuals with reentry and social services. “The funding helps us publish solution-based articles and resource information that inspires readers and offers hope,” she said. “Because of the financial support through the Schmidlapp Trust, we’ve been able to reach thousands of individuals and provide them with actionable insights that will assist them once they have been released from jail.” RISE Up News is currently distributed to 20 community organizations and six county jails.
The eight foundations and trusts accept letters of inquiry from qualifying nonprofit organizations seeking grant support from Oct. 1 through Dec. 31 each year. For guidelines on the inquiry process, visit https://www.cybergrants.com/pls/cybergrants/quiz.display_question?x_gm_id=6990&x_quiz_id=8160. The eight available funds are listed below with brief descriptions of their focus areas and the total amount distributed from them in 2019 to charitable organizations.
Fund and description
Charles Moerlein Foundation, Fifth Third Bank, Trustee
Supports religious, charitable, scientific, literary or educational purposes.
Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee
Supports initiatives that empower and assist women and girls
in achieving self-sufficiency.
Eleanora C.U. Alms Trust, Fifth Third Bank, Trustee
Supports charitable and educational purposes for the city of Cincinnati,
with a focus on the arts.
Helen G., Henry F., & Louise Tuechter Dornette Foundation,
Fifth Third Bank, Trustee
Supports nature and the conservation of nature’s beauty, as well as organizations
that are beneficial to children, with a preference to organizations that Miss Dornette
identified during her lifetime.
Patricia Kisker Foundation, Fifth Third Bank, Trustee
Supports organizations that benefit or serve children, and educational, musical or arts
organizations, as well as organizations which Patricia Kisker supported during her lifetime.
Jacob G. Schmidlapp Trusts, Fifth Third Bank, Trustee
Supports charitable or educational purposes; for relief in sickness, suffering and
distress; for the care of young children, the aged or the helpless or afflicted; for the
promotion of education, and to improve living conditions.
Ohio Valley Foundation, Fifth Third Bank, Agent
Funds small equipment and capital improvement projects in the Ohio Valley.
Stillson Foundation, Fifth Third Bank, Trustee
Helps children and provides assistance to those charities the Stillsons supported during their lifetime.
The Foundation Office at Fifth Third Bank, National Association, also serves as trustee, co-trustee or agent for more than 100 private and corporate foundations that grant millions of dollars annually to worthy charities across the United States. The foundations support a variety of causes, from education to the arts and from basic-needs organizations like shelters and counseling centers to environmental projects and animal rescue.
In addition, The Foundation Office manages the Fifth Third Foundation, one of the first corporate foundations established by a financial institution. The total amount awarded through The Foundation Office in 2019 was $12.7 million.
To learn more about The Foundation Office at Fifth Third Bank, please visit: http://go.53.com/foundation.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191230005272/en/
Danielle Jones (Media Relations)
Danielle.Jones@53.com | 513-534-0162