The U.S. Bank Foundation fund addresses systemic economic and racial inequities in small business, housing and workforce advancement
Sept. 23, 2020 – U.S. Bank announces $250,000 in donations to three organizations in Charlotte as part of its $15 million U.S. Bank Foundation Rebuild and Transform Fund, addressing rebuilding in corridors impacted by social unrest and systemic racial inequities in small business, housing and workforce advancement. This second wave of the fund includes $5 million to local communities across U.S. Bank’s footprint. The first wave delivered $5 million to Twin Cities organizations. The Fund is part of the bank’s previously announced $116 million commitment to address social and economic inequities. “Our focus is on listening to and learning from community leaders and responding to critical needs,” said Jeff Gatica, Community Affairs Manager for Charlotte at U.S. Bank. “Today we are proud to share the details of our philanthropic giving to 10 additional markets across the country that historically experience low economic mobility. We are investing in organizations led by people of color and providing general operating funds because we trust community leaders to know how, when and where to use these funds for the greatest impact.”
The Charlotte donations will go to three organizations supporting small business development and workforce advancement:
· Aspire Community Capital
· Charlotte LISC
· Urban League of Central Carolinas
The local markets receiving grants are: Charlotte, NC; Chicago, IL; Little Rock, AR; Louisville, KY; Milwaukee, WI; Nashville, TN; Ohio – Akron, Columbus, Cincinnati, Cleveland and Dayton; Phoenix, AZ; Portland, OR and St. Louis, MO. In total, 48 organizations will receive funding across these markets. For more information, visit usbank.com/community.
About U.S. Bank
U.S. Bancorp, with more than 70,000 employees and $547 billion in assets as of June 30, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank one of the 2020 World’s Most Ethical Companies. Visit U.S. Bank at www.usbank.com or follow on social media to stay up to date with company news.
Rick Rothacker, U.S. Bank