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Truist Foundation Announces $1 Million Grant To Assist With Hurricane Milton Relief, Recovery Across Florida

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Truist Foundation has announced a $1 million grant to support relief and recovery efforts in Florida communities impacted by Hurricane Milton. This comes just two weeks after Hurricane Helene hit the area. The funds will be distributed to organizations including the American Red Cross, IT Disaster Resource Center, United Way Worldwide, World Central Kitchen, and Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund.

The grant aims to provide both immediate aid and long-term recovery support. This donation follows previous grants of $500,000 each for Hurricane Helene relief and support for Western North Carolina. Earlier this year, Truist Foundation also donated $1 million to the American Red Cross Annual Disaster Giving Program.

La Fondazione Truist ha annunciato un finanziamento di 1 milione di dollari per sostenere gli sforzi di soccorso e recupero nelle comunità della Florida colpite dall'Uranione Milton. Questo arriva solo due settimane dopo che l'Uranione Helene ha colpito l'area. I fondi saranno distribuiti a organizzazioni tra cui la Croce Rossa Americana, il Centro Risorse per Disastri IT, United Way Worldwide, World Central Kitchen e il Fondo di Recupero per la Stagione degli Uragani Atlantici della Center for Disaster Philanthropy.

Il finanziamento mira a fornire sia aiuti immediati che supporto per il recupero a lungo termine. Questa donazione segue precedenti finanziamenti di 500.000 dollari ciascuno per il soccorso in seguito all'Uranione Helene e supporto per la Carolina del Nord occidentale. All'inizio di quest'anno, la Fondazione Truist ha anche donato 1 milione di dollari al Programma Annuale di Donazioni per i Disastri della Croce Rossa Americana.

La Fundación Truist ha anunciado una para apoyar los esfuerzos de alivio y recuperación en las comunidades de Florida impactadas por el Huracán Milton. Esto llega solo dos semanas después de que el Huracán Helene afectara la zona. Los fondos se distribuirán a organizaciones como la Cruz Roja Americana, el Centro de Recursos para Desastres de IT, United Way Worldwide, World Central Kitchen y el Fondo de Recuperación de la Temporada de Huracanes Atlánticos de la Center for Disaster Philanthropy.

La subvención tiene como objetivo proporcionar tanto ayuda inmediata como apoyo a largo plazo para la recuperación. Esta donación sigue a subvenciones anteriores de 500,000 dólares cada una para el alivio del Huracán Helene y apoyo a Carolina del Norte Occidental. A principios de este año, la Fundación Truist también donó 1 millón de dólares al Programa Anual de Donaciones para Desastres de la Cruz Roja Americana.

트루이스트 재단은 100만 달러 지원금을 발표하여 밀턴 허리케인의 영향을 받은 플로리다 지역사회를 지원하는 구호 및 회복 노력을 돕기로 했습니다. 이는 헬렌 허리케인이 해당 지역을 강타한 지 불과 2주 후의 일입니다. 이 자금은 미국 적십자사, IT 재해 자원 센터, 유나이티드 웨이 월드와이드, 월드 센트럴 키친 및 재난 자선 기금의 애틀란틱 허리케인 시즌 회복 기금과 같은 기관에 배분될 것입니다.

이 지원금의 목적은 즉각적인 지원과 장기적인 회복 지원을 제공하는 것입니다. 이 기부는 헬렌 허리케인 피해를 위한 각각 50만 달러의 이전 지원에 이어지는 것입니다. 올해 초 트루이스트 재단은 미국 적십자사의 연간 재난 기부 프로그램에 100만 달러를 기부하기도 했습니다.

La Fondation Truist a annoncé une subvention d'un million de dollars pour soutenir les efforts de secours et de récupération dans les communautés de Floride touchées par l'ouragan Milton. Cela intervient seulement deux semaines après que l'ouragan Helene a frappé la région. Les fonds seront distribués à des organisations telles que la Croix-Rouge américaine, le Centre des ressources en cas de désastre IT, United Way Worldwide, World Central Kitchen et le Fonds de récupération de la saison des ouragans de l'Atlantique de la Center for Disaster Philanthropy.

Cette subvention vise à fournir à la fois une aide immédiate et un soutien à long terme pour la récupération. Ce don fait suite à des subventions précédentes de 500 000 dollars chacune pour le soulagement après l'ouragan Helene et pour le soutien de l'ouest de la Caroline du Nord. Plus tôt cette année, la Fondation Truist a également fait un don d'un million de dollars au Programme de dons annuels pour les catastrophes de la Croix-Rouge américaine.

Die Truist-Stiftung hat einen Zuschuss von 1 Million Dollar angekündigt, um die Hilfs- und Wiederherstellungsmaßnahmen in den von Hurrikan Milton betroffenen Gemeinschaften in Florida zu unterstützen. Dies geschieht nur zwei Wochen nach dem Hurrikan Helene in der Region. Die Mittel werden an Organisationen verteilt, darunter die Amerikanische Rotkreuz, das IT Disaster Resource Center, United Way Worldwide, World Central Kitchen und den Atlantic Hurricane Season Recovery Fund der Center for Disaster Philanthropy.

Der Zuschuss zielt darauf ab, sowohl sofortige Hilfe als auch langfristige Unterstützung für die Wiederherstellung bereitzustellen. Diese Spende folgt auf frühere Zuschüsse von jeweils 500.000 Dollar zur Unterstützung für den Hurrikan Helene und zur Unterstützung für den Westen von North Carolina. Noch zu Beginn dieses Jahres spendete die Truist-Stiftung 1 Million Dollar an das Jahresprogramm für Katastrophenspende des Amerikanischen Roten Kreuzes.

Positive
  • Truist Foundation's $1 million grant demonstrates strong commitment to community support
  • Partnerships with multiple reputable organizations ensure efficient distribution of aid
  • Balanced approach addressing both immediate relief and long-term recovery needs
Negative
  • Recurring natural disasters in Florida may lead to increased financial strain on Truist Foundation
  • Frequent donations might impact Truist Financial 's (TFC) overall financial performance

Funds will help provide immediate and long-term resources to help communities in the storm's path get ready, respond and rebuild

CHARLOTTE, NC / ACCESSWIRE / October 8, 2024 / As another hurricane threatens the Florida Peninsula in the coming days, Truist Foundation today announced it will donate $1 million to support relief and recovery efforts in communities most impacted by Hurricane Milton - the second major hurricane expected to hit the area in the past two weeks. The funds will be distributed to the American Red Cross, IT Disaster Resource Center, United Way Worldwide and World Central Kitchen for immediate relief efforts as well as Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund for long-term efforts.

"Our teammates, clients and communities across the central coast of Florida are still picking up the pieces from Hurricane Helene, and now - just two weeks later - they are bracing for yet another major hurricane," said Lynette Bell, president of Truist Foundation. "Truist Foundation will continue caring for those in the path of Hurricane Milton alongside our trusted partners who are on the ground, providing essential aid to those impacted by the extreme storm surges and flooding, critical infrastructure damage and more resulting from this relentless hurricane season."

The selected organizations will use their grant funds to identify and deliver the most critical immediate community needs such as access to food, shelter, medical services, and technology connectivity. A portion of the donation will be focused on medium- and long-term recovery informed by disaster experts in partnership with those in the affected communities.

In the past two weeks, Truist Foundation announced an initial $500,000 grant to help prepare, respond and recover in communities impacted by Hurricane Helene as well as a second $500,000 grant to support the hardest-hit communities, including Western North Carolina. Additionally, earlier this year, Truist Foundation donated $1 million to the American Red Cross Annual Disaster Giving Program, designed to deploy assistance quickly to communities impacted by disasters such as hurricanes.

About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE:TFC) purpose to inspire and build better lives and communities. The foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Embodying these focus areas are the foundation's leading initiatives - the Inspire Awards and Where It Starts. Learn more at Truist.com/Foundation.

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Media Contact:
Kristen Fraser, media@truist.com

View additional multimedia and more ESG storytelling from Truist on 3blmedia.com.

Contact Info:
Spokesperson: Truist
Website: https://www.3blmedia.com/profiles/truist
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SOURCE: Truist



View the original press release on accesswire.com

FAQ

How much did Truist Foundation donate for Hurricane Milton relief?

Truist Foundation donated $1 million for Hurricane Milton relief and recovery efforts in Florida.

Which organizations will receive the Hurricane Milton relief funds from Truist Foundation?

The funds will be distributed to the American Red Cross, IT Disaster Resource Center, United Way Worldwide, World Central Kitchen, and Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund.

How much has Truist Foundation donated for hurricane relief in 2024?

In 2024, Truist Foundation has donated a total of $3 million for hurricane relief, including $1 million for Hurricane Milton, $1 million in two $500,000 grants for Hurricane Helene, and $1 million to the American Red Cross Annual Disaster Giving Program.

What is the stock symbol for Truist Financial ?

The stock symbol for Truist Financial is TFC.

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