Funds will support relief, recovery efforts in
communities across Florida Gulf Coast, Southeastern
Seaboard
CHARLOTTE, N.C., Aug. 29,
2023 /PRNewswire/ -- As Hurricane Idalia rapidly
accelerates and makes its way towards land, Truist Foundation
announced it will donate $500,000 to
support relief and recovery efforts for communities across the
Florida Gulf Coast and Southeastern Seaboard impacted by the storm.
The funding will be dispersed between the American Red Cross,
Center for Disaster Philanthropy and United Way.
This grant is in addition to the $1
million Truist Foundation previously donated to the American
Red Cross Annual Disaster Giving Program earlier this year. Through
this program, the Red Cross is equipped to deploy immediate
assistance, such as food, shelter, comfort kits and other relief
supplies, to families and individuals in communities impacted by
extreme weather events such as Hurricane Idalia.
"As Hurricane Idalia nears landfall, we stand ready to support
our teammates, clients and communities who may be impacted by this
storm," said Lynette Bell, president
of Truist Foundation. "Truist Foundation is committed to working
with our disaster partners to address critical housing, health and
hunger-related needs that arise. Our goal is for our investment to
provide aid at a time of need to help lessen the impact of this
potentially devastating storm."
Truist Foundation recognizes that recovery will take time
following a storm of this magnitude, so a portion of the
$500,000 donation will be focused on
medium- and long-term community recovery. Funds will support needs
such as rebuilding public infrastructure, homes and livelihoods;
offering mental health services; and addressing other challenges
identified as recovery efforts progress.
"While the full impact of Hurricane Idalia is unknown, we
recognize that supporting relief efforts in advance is one way we
can demonstrate our care for our teammates, clients and the
communities we serve," said Tony
Coley, group regional president for Truist. "Through our
financial commitment and partnerships, Truist will be there to help
our neighbors rebuild as quickly as possible while living out our
purpose to inspire and build better lives and
communities."
The foundation is also helping to ensure there is financial
assistance available to Truist teammates in the path of the storm
through its One Team Fund. Now through Sept.
15, 2023, Truist Foundation will double its match,
contributing $2 for every
$1 teammates donate to the Fund. The
One Team Fund provides financial assistance to help teammates
through unexpected hardship, such as natural disasters like
Hurricane Idalia.
About Truist Foundation
Truist Foundation is committed
to Truist Financial Corporation's (NYSE: TFC) purpose to inspire
and build better lives and communities. Established in 2020, the
foundation makes strategic investments in nonprofit organizations
to help ensure the communities it serves have more opportunities
for a better quality of life. Truist Foundation's grants and
activities focus on building career pathways to economic mobility
and strengthening small businesses. Learn more at
Truist.com/Foundation.
View original
content:https://www.prnewswire.com/news-releases/truist-foundation-commits-500-000-for-hurricane-idalia-relief-301913032.html
SOURCE Truist Foundation