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Stock impact report

Truist Foundation fills gap, distributes grants to pilot and scale nonprofit solutions nationwide

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: PR Newswire
Latest round of funding aims to serve as an example of corporate philanthropy's opportunity to catalyze innovation and scale successful solutionsCHARLOTTE, N.C., May 30, 2024 /PRNewswire/ -- Truist Foundation today announced philanthropic funding for 11 nonprofit organizations working to pilot emerging solutions or scale existing successful initiatives into new regions. This comes at a time where there is a gap in the ability for many nonprofits to secure meaningful funding for growing and scaling their work. According to a report from UHY Advisors, well over half of the 116 nonprofits surveyed stated that their organization had created new programs or services in the past year, while nearly half of the organizations surveyed cited challenges with growth and scaling solutions as a top concern."As a community-centered bank with roots in neighborhoods across the country, we know that proximity to a community's challenges is a leading indicator of whether or not the proposed solutions to Show less Read more
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