Funds will help provide immediate and
long-term resources to help communities in the storm's path get
ready, respond and rebuild
CHARLOTTE, N.C., Oct. 8, 2024
/PRNewswire/ -- As another hurricane threatens the Florida Peninsula in the coming days, Truist
Foundation today announced it will donate $1
million to support relief and recovery efforts in
communities most impacted by Hurricane Milton – the second major
hurricane expected to hit the area in the past two weeks. The funds
will be distributed to the American Red Cross, IT Disaster Resource
Center, United Way Worldwide and World Central Kitchen for
immediate relief efforts as well as Center for Disaster
Philanthropy's Atlantic Hurricane Season Recovery Fund for
long-term efforts.
"Our teammates, clients and communities across the central coast
of Florida are still picking up
the pieces from Hurricane Helene, and now – just two weeks later –
they are bracing for yet another major hurricane," said
Lynette Bell, president of Truist
Foundation. "Truist Foundation will continue caring for those in
the path of Hurricane Milton alongside our trusted partners who are
on the ground, providing essential aid to those impacted by
the extreme storm surges and flooding, critical infrastructure
damage and more resulting from this relentless hurricane
season."
The selected organizations will use their grant funds to
identify and deliver the most critical immediate community needs
such as access to food, shelter, medical services, and technology
connectivity. 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.
In the past two weeks, Truist Foundation announced an initial
$500,000 grant to help prepare,
respond and recover in communities impacted by Hurricane Helene as
well as a second $500,000 grant to
support the hardest-hit communities, including Western North Carolina. 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 disasters such as hurricanes.
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