MINNEAPOLIS–(BUSINESS WIRE)–Through its Community Possible giving and engagement platform, focused on the areas of Work, Home and Play, U.S. Bank announces $8.2 million in Work grant investments. Funding supports several nonprofits across the country focused on workforce readiness, small business growth and financial wellness.
“As a financial institution, we are focused on economic, community and workforce development,” said Kate Quinn, Vice Chair and Chief Administrative Officer for U.S. Bank. “Our goal is to work with our nonprofit partners to empower people to succeed in the workforce, grow small businesses and gain greater financial wellness.”
In addition to funding organizations across the country, this cycle of Work grants include a $1 million investment with Center for Economic Inclusion (CEI) and the Wilder Foundation in the Twin Cities area. U.S. Bank will partner with CEI to break down historical and structural barriers to economic mobility over the next two years. Additionally, U.S. Bank is investing in the Wilder Foundation’s Family Independence Initiative to help break multi-generational cycles of poverty. Over the course of the five years, U.S. Bank and Wilder will form a learning forum designed for financial services organizations to listen to families and understand their greatest barriers so that we can continue to improve access to safe and affordable financial products.
U.S. Bank will continue its giving with the next grant round supporting Home. Learn more about U.S. Bank’s social responsibility work here: www.usbank.com/community.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $482 billion in assets as of June 30, 2019, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank at usbank.com or follow on social media to stay up to date with company news.