Funds will help provide immediate relief,
support long-term recovery efforts
CHARLOTTE, N.C.,
Aug. 4,
2024 /PRNewswire/ -- As Tropical Storm Debby
approaches the Florida coast,
Truist Foundation today announced 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 today, 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 Tropical Storm
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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SOURCE Truist Foundation