Truist Financial Corporation in Charlotte, North Carolina, has announced a $25 million pledge to address needs created by the COVID-19 pandemic in local communities across the country.
The Truist Cares initiative will immediately donate $1 million to the CDC Foundation and Johns Hopkins Medicine through the Truist Charitable Fund in support of response efforts and for the purchase and delivery of much-needed medical supplies, while the Truist Foundation will donate $3 million to local United Way organizations to fund community-based programs and support services designed to meet the basic needs of those facing financial hardship.
The remaining funds will be awarded as grants to Truist's community partners in support of initiatives in five key areas: providing broadband services to communities in need or technology devices to enable students to learn at home; ensuring low-income students have access to food and families facing income disruption have access to tuition assistance; providing food services and medical supplies to the elderly; providing financial support and/or technical assistance to small businesses; and supporting hourly workers affected by postponed or cancelled sports and entertainment events.
"We understand our communities, clients, and teammates all need immediate help in this growing crisis," said Truist CEO Kelly King in a statement.
(Photo credit: Johns Hopkins Medicine)