Washington Trust Supports 40 Local Organizations During Holiday Season
Rhea-AI Summary
Washington Trust has announced charitable contributions and in-kind donations to 40 local nonprofit organizations during the 2024 holiday season. The Washington Trust Charitable Foundation distributed $18,000 in grants, providing $1,000 each to 18 hunger relief agencies throughout Rhode Island to support food distribution efforts.
Additionally, employees from various Washington Trust branches and departments collaborated with 22 different nonprofits and community efforts, providing toys, gifts, gift cards, and other items to support holiday gift-giving programs. The initiative demonstrates the company's commitment to supporting basic needs and family services in local communities.
Positive
- Demonstrates strong community engagement and corporate social responsibility
- Strategic charitable giving across 40 local organizations enhances brand reputation
- Wide geographic coverage across Rhode Island strengthens market presence
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, WASH gained 0.35%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Washington Trust truly values our local communities and is committed to supporting organizations that provide basic needs and family services to our neighbors in need," said Edward O. "Ned" Handy III, Washington Trust Chairman & CEO. "Especially during the season of giving, our entire team is proud to support the organizations that are the cornerstones of our communities as they work to ensure no one goes hungry, and everyone has the opportunity to experience the joy of the season."
Ahead of the holidays, the Washington Trust Charitable Foundation made grants totaling
The
Additionally, employees at each Washington Trust branch location, as well as back-office departments, worked with a local organization to support their holiday gift giving programs. In total, the team supported 22 different nonprofits and community efforts, providing toys, gifts, gift cards and more to help fill family wish lists.
Partner organizations included:
ABOUT
Founded in 1800, Washington Trust is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in
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SOURCE The Washington Trust Company