CHARLOTTE, N.C., March 2, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the launch of the Truist Foundation, based in Charlotte, N.C. Emboldened by the vision that all people should have an equal opportunity to thrive, the Truist Foundation will strive to better the quality of life of individuals and communities by building intellectual, social, financial and human capital.
Specifically, the Truist Foundation will partner with strong, innovative nonprofit organizations to increase their impact and expand their reach. Based on input gathered from teammates, partners and other stakeholders during a listening tour and one-on-one interviews, the Truist Foundation will prioritize these four focus areas:
Truist named Lynette Bell as president of the Truist Foundation. With her extensive background in philanthropy and collaboration with community partners, Bell will lead the Truist Foundation to make an impact in local communities by building strong partnerships with nonprofits. Bell previously served as the enterprise community reinvestment officer for SunTrust, where she led the community development program to support underserved communities.
"We have the responsibility each day to inspire and build better lives and communities," said Bell. "Accomplishing that goal will be about more than simply the number and size of the checks we write. It's a question of impact ? making the world a tangibly better place by identifying needs within our communities and addressing them in an intentional and thoughtful way."
"The Truist Foundation builds upon BB&T and SunTrust's strong philanthropic legacies," said Bill Rogers, president and chief operating officer, Truist Financial, and chairman of the board, Truist Foundation. "Truist has the unique advantage of being present in both rural and urban communities across our footprint. This gives us great insight into the needs of all the communities we serve, and we look forward to the opportunity to address those needs as the Truist Foundation."
The Truist Foundation has assembled a strong board of directors with valuable leadership experience, diverse perspectives and commitment to community engagement. In addition to key leaders from the heritage organizations of BB&T and SunTrust, the Truist Foundation has brought in community members who will provide an outside perspective. These include:
The Truist Foundation will focus on supporting needs in Alabama, Arkansas, Florida, Georgia, Kentucky, Indiana, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, D.C., and West Virginia.
Nonprofit organizations that serve critical needs in these communities are encouraged to apply for a grant from the Truist Foundation at www.truist.com/truist-foundation/grant-application.
About Truist Foundation
The Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. The Truist Foundation's grants and activities focus on leadership development, economic mobility, thriving communities and educational equity. Learn more at www.truist.com/truist-foundation.
SOURCE Truist Financial Corporation
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