Funds will support relief, recovery efforts in Florida Gulf Coast, Southeast Seaboard communities
CHARLOTTE, NC, Aug. 29, 2023 /PRNewswire/ — As Hurricane Idalia intensifies and heads toward land, the Truist Foundation announced that it will fund relief and recovery for affected communities on the Florida Gulf Coast and Southeastern Seaboard will donate $500,000 to support the efforts. from the storm Funding will be distributed between the American Red Cross, the Center for Disaster Philanthropy and the United Way.
This grant is in addition to the $1 million The Truist Foundation gave earlier this year to the American Red Cross Annual Disaster Donation Program. 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 affected by extreme weather events such as Hurricane Idalia.
“As Hurricane Idalia nears landfall, we stand ready to support our partners, customers and communities who may be affected by this storm,” said Lynette Bell, president of the Truist Foundation. “The Truist Foundation is committed to working with our disaster partners to address critical needs related to housing, health and hunger. Our goal is to provide assistance in times of need to help mitigate the impact of this potentially devastating storm. To do. “
The Truist Foundation recognizes that recovery from a storm of this magnitude will take time, so a portion of the $500,000 donation will be focused on medium and long-term community recovery. The Fund will support needs such as rebuilding public infrastructure, homes and livelihoods; providing mental health services; and addressing other challenges identified as recovery efforts progress.
“While the full impact of Hurricane Idalia is unknown, we believe that supporting advance relief efforts is one way we can show our commitment to our partners, customers and the communities we serve,” said Tony Coley, Truist Group Regional President. Show you care.” “Through our financial commitment and partnership, Truest will be there to help our neighbors rebuild as quickly as possible while serving our purpose to inspire and build better lives and communities.”
The foundation is also helping to ensure that financial support is available to Trueist teammates in the path of the storm through its One Team Fund. From now until September 15, 2023, the Truist Foundation will double its match, with $2 being contributed for every $1 teammates donate to the fund. The One Team Fund provides financial assistance to help teammates during times of unforeseen hardship such as natural disasters such as Hurricane Idalia.
About Truist Foundation
The Truist Foundation is committed to Truist Financial Corporation’s (NYSE: TFC) purpose of inspiring and building better lives and communities. Established in 2020, the Foundation makes strategic investments in nonprofit organizations to help ensure that the communities it serves have greater opportunities for a better quality of life. The Truist Foundation’s grants and activities are focused on creating career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Foundation.
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SOURCE Truist Foundation
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