A $40 million initial donation from Truist Financial Corporation* has established CornerSquare Community Capital. This new national nonprofit fund will help select community development financial institutions (CDFIs) increase their lending capacity with their existing capital to support more small businesses.
$1 Million Grant from Truist Foundation Supports Center’s Opening, Educational Programs and Scholarships
GREENVILLE, S.C., September 29, 2020 /3BL Media/ – Greenville Technical College today announced the opening of the Truist Culinary and Hospitality Innovation Center. A $1 million grant from the Truist Foundation to the Greenville Tech Foundation funded renovations for the center and will support educational programs and scholarships for students. The new facility is the anchor tenant for Poe West, a culinary and hospitality-focused development at 556 Perry Ave. in the west Greenville community.
Commitment to the CDFI sector designed to significantly increase investment in communities and entrepreneurs that have experienced decades of underinvestment
CHARLOTTE, N.C., September 23, 2020 /3BL Media/ – Truist Financial Corporation (NYSE: TFC) today announced a $40 million initial donation to help establish CornerSquare Community Capital, a new national nonprofit fund that will support selected community development financial institutions (CDFIs) through the purchase of 25% loan participations.
Report Shares Key Diversity, Environmental, Social and Corporate Governance (ESG) Performance and Ongoing Support of Pandemic Relief, Racial Equity
CHARLOTTE, N.C., September 3, 2020 /3BL Media/ – Truist Financial Corporation (NYSE: TFC) today released its first Corporate Social Responsibility (CSR) Report following the historic merger of equals between BB&T and SunTrust in December of last year. The report reveals the new company’s near and long-term approaches for its economic and environmental, social and governance (ESG) impact.
This content was originally posted by, and on, LISC.org, August 2020.
The COVID-19 pandemic has not only illuminated the magnitude of the racial health and wealth gaps across the country, but has also shone a spotlight on the additional hurdles that rural communities face in comparison to their urban counterparts due to limited access to capital, support services, and connectivity.
As the global pandemic has affirmed, it's more important than ever for companies to have a support system for employees impacted by a disaster or personal hardship. Truist Foundation President Lynette Bell and E4E Relief CEO Holly Welch Stubbing will share their insights on establishing a charitable employee relief fund program.
Truist helps rebuild underserved communities through small business support and connective technology
CHARLOTTE, N.C., May 20, 2020 /3BL Media/ – Truist Financial Corporation (NYSE: TFC) today announced it will commit an additional $25 million philanthropic pledge as part of its Truist Cares initiative, now totaling $50 million. The financial services company launched Truist Cares* earlier this year in response to the COVID-19 pandemic to meet the immediate and long-term needs of communities, clients and teammates.