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WSFS CARES Foundation Provided $2.7 Million in Charitable Grants and Contributions in 2024

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WSFS Financial (Nasdaq: WSFS) through its WSFS CARES Foundation provided over $2.7 million in charitable grants to 323 community organizations across Delaware, New Jersey and Pennsylvania in 2024. The foundation's Team WSFS contributed 33,000 volunteer hours, including 6,000 hours during their second annual 'We Stand for Service Day' involving 1,600 Associates.

Notable grants included a $300,000 contribution to TeenSHARP, a nonprofit helping Black, Latino, and low-income students attend top colleges. The foundation also supported Camden Shipyard & Maritime Museum's carpentry pre-apprenticeship program and Cristo Rey Philadelphia High School's Work-Study program. The CARES Foundation focuses on community investments, affordable housing, business economic empowerment, education, and strengthening those in need.

WSFS Financial (Nasdaq: WSFS) attraverso la sua WSFS CARES Foundation ha fornito oltre $2,7 milioni in sovvenzioni caritatevoli a 323 organizzazioni comunitarie nel Delaware, nel New Jersey e in Pennsylvania nel 2024. Il team della fondazione WSFS ha contribuito con 33.000 ore di volontariato, comprese 6.000 ore durante la loro seconda 'Giornata di Servizio We Stand for Service' che ha coinvolto 1.600 Associati.

Sovvenzioni notevoli hanno incluso un contributo di $300.000 a TeenSHARP, un'organizzazione no-profit che aiuta studenti neri, latini e a basso reddito ad accedere a università di alto livello. La fondazione ha anche sostenuto il programma di pre-apprendistato in carpenteria del Camden Shipyard & Maritime Museum e il programma di lavoro-studio della Cristo Rey Philadelphia High School. La CARES Foundation si concentra su investimenti comunitari, abitazioni accessibili, empowerment economico delle imprese, istruzione e rafforzamento di coloro che sono in difficoltà.

WSFS Financial (Nasdaq: WSFS) a través de su WSFS CARES Foundation proporcionó más de $2.7 millones en subvenciones caritativas a 323 organizaciones comunitarias en Delaware, Nueva Jersey y Pennsylvania en 2024. El equipo de la fundación WSFS contribuyó con 33,000 horas de voluntariado, incluyendo 6,000 horas durante su segundo 'Día de Servicio We Stand for Service' que involucró a 1,600 Asociados.

Entre las subvenciones notables se incluyó una contribución de $300,000 a TeenSHARP, una organización sin fines de lucro que ayuda a estudiantes negros, latinos y de bajos ingresos a asistir a las mejores universidades. La fundación también apoyó el programa de pre-aprendizaje en carpintería del Camden Shipyard & Maritime Museum y el programa de trabajo-estudio de la Cristo Rey Philadelphia High School. La CARES Foundation se centra en inversiones comunitarias, vivienda asequible, empoderamiento económico empresarial, educación y fortalecimiento de aquellos que lo necesitan.

WSFS Financial (Nasdaq: WSFS)는 WSFS CARES 재단을 통해 2024년 델라웨어, 뉴저지 및 펜실베이니아 전역의 323개 지역 사회 단체에 $2.7백만 달러 이상의 자선 기부금을 제공했습니다. 재단의 WSFS 팀은 33,000시간의 자원봉사 시간을 기여했으며, 이 중 6,000시간은 1,600명의 직원이 참여한 두 번째 'We Stand for Service Day' 동안의 시간입니다.

주목할 만한 기부금에는 TeenSHARP에 대한 $300,000의 기여가 포함되어 있으며, 이는 흑인, 라틴계 및 저소득 학생들이 최고의 대학에 진학할 수 있도록 돕는 비영리 단체입니다. 재단은 또한 Camden Shipyard & Maritime Museum의 목공 사전 견습 프로그램과 Cristo Rey Philadelphia High School의 근무-학습 프로그램을 지원했습니다. CARES 재단은 지역 사회 투자, 저렴한 주택, 비즈니스 경제적 권한 부여, 교육 및 도움이 필요한 사람들을 강화하는 데 집중하고 있습니다.

WSFS Financial (Nasdaq: WSFS) a fourni, par le biais de sa WSFS CARES Foundation, plus de 2,7 millions de dollars en subventions caritatives à 323 organisations communautaires dans le Delaware, le New Jersey et la Pennsylvanie en 2024. L'équipe de la fondation WSFS a contribué 33 000 heures de bénévolat, dont 6 000 heures lors de leur deuxième 'Journée de Service We Stand for Service' impliquant 1 600 Associés.

Parmi les subventions notables, on trouve une contribution de 300 000 dollars à TeenSHARP, une organisation à but non lucratif aidant les étudiants noirs, latinos et à faible revenu à accéder aux meilleures universités. La fondation a également soutenu le programme de pré-apprentissage en menuiserie du Camden Shipyard & Maritime Museum et le programme de travail-études de la Cristo Rey Philadelphia High School. La CARES Foundation se concentre sur les investissements communautaires, le logement abordable, l'autonomisation économique des entreprises, l'éducation et le renforcement des personnes dans le besoin.

WSFS Financial (Nasdaq: WSFS) hat über seine WSFS CARES Foundation im Jahr 2024 über 2,7 Millionen Dollar an gemeinnützigen Zuschüssen an 323 Gemeinschaftsorganisationen in Delaware, New Jersey und Pennsylvania bereitgestellt. Das Team der Stiftung WSFS hat 33.000 Freiwilligenstunden beigetragen, darunter 6.000 Stunden während ihres zweiten jährlichen 'We Stand for Service Day', an dem 1.600 Mitarbeiter beteiligt waren.

Zu den bemerkenswerten Zuschüssen gehörte ein Beitrag von 300.000 Dollar an TeenSHARP, eine gemeinnützige Organisation, die schwarzen, lateinamerikanischen und einkommensschwachen Studenten hilft, die besten Colleges zu besuchen. Die Stiftung unterstützte auch das Tischler-Vorlehreprogramm des Camden Shipyard & Maritime Museum sowie das Arbeitsstudienprogramm der Cristo Rey Philadelphia High School. Die CARES Foundation konzentriert sich auf Investitionen in die Gemeinschaft, bezahlbaren Wohnraum, wirtschaftliche Stärkung von Unternehmen, Bildung und die Unterstützung von Bedürftigen.

Positive
  • Significant charitable contribution of $2.7M demonstrates strong financial position
  • Large-scale employee engagement with 33,000 volunteer hours shows strong corporate culture
  • Strategic community investment through education and workforce development programs
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  • None.

WILMINGTON, Del.--(BUSINESS WIRE)-- The WSFS CARES Foundation, the charitable giving arm of WSFS Financial Corporation (Nasdaq: WSFS), announced it provided grants and donations totaling more than $2.7 million to more than 323 community organizations located across Delaware, New Jersey and Pennsylvania in 2024.

In addition to the grants, Team WSFS, the WSFS corporate volunteer program, volunteered more than 33,000 hours during 2024. This included the second annual “We Stand for Service Day” in June, a volunteer initiative where WSFS closed its banking offices for a half day so approximately 1,600 Associates could volunteer nearly 6,000 hours at more than 130 organizations and make an impact across the region.

“We are pleased that the CARES Foundation can continue to support the local nonprofits making a difference in our communities. They are doing important, essential work,” said Patrick J. Ward, Executive Vice President, Pennsylvania Market President at WSFS Bank and Chairman of the WSFS CARES Foundation. “Grants are awarded for initiatives that are innovative, creative, sustainable and replicable. The application is rigorous to ensure that the CARES Foundation is investing in proven programs that will continue to enhance our neighborhoods year after year.”

The WSFS CARES Foundation’s key pillars of support include community investments, affordable housing, revitalization and business economic empowerment, education and leadership development, and strengthening those in need.

The WSFS CARES Foundation provided a $300,000 grant to TeenSHARP for which it was recognized with Technical.ly Delaware’s 2024 Money Move of the Year. TeenSHARP is a national nonprofit based in Wilmington, Delaware that prepares Black, Latino, and low-income students to attend and thrive at America’s top colleges with little or no debt.

“The WSFS CARES Foundation continues to show up as a strong supporter of TeenSHARP for more than four years of our 15+ year run of opening the doors to opportunity and dynamic leadership for Black, Latino, and low-income students across the Delaware Valley,” said Tamara Fentress, Chief of Staff at TeenSHARP. “WSFS’ initial grant was a springboard to resource deeper application and sustainability of our programming delivery to students in a virtual setting, as well as our staffing. Now, with their continued support, we’re excited about what’s ahead to grow our A-List (alumni) program, DGCA (Delaware Goes to College Academy), and our premier Striver program experiences.”

Another organization that received a grant from the WSFS CARES Foundation in 2024 was Camden Shipyard & Maritime Museum for their carpentry pre-apprenticeship workforce development program. Through a curriculum designed by a registered professional structural engineer, students learn life, career, and essential carpentry trade skills from a retired union carpenter. The program’s career mentorship and in-demand vocational skill training expand the opportunity for these students to enter the workforce as prepared, confident and competitive job candidates. The program currently serves students ages 17-27 from Camden, Gloucester, and Burlington Counties with plans to expand its reach.

“The Shipyard Museum is incredibly grateful to the WSFS CARES Foundation for its continued support and, once again, sponsoring an entire class!” said Jack O’Byrne, Executive Director, Camden Shipyard & Maritime Museum. “The support of the WSFS CARES Foundation has allowed us to expand our outreach and give more individuals a jump-start to their careers and the path to professional success and financial independence. Through their support, WSFS is changing lives for the better.”

Cristo Rey Philadelphia High School, a college preparatory school, received a grant for its Work-Study program which places students with companies in the greater Philadelphia area. This program benefits both students and Philadelphia companies by developing a skilled and capable workforce pipeline.

“The WSFS CARES Foundation’s support of Cristo Rey’s Work-Study program enables us to continue providing real-world learning opportunities for our students,” said Porsha Colter, vice president, corporate work-study program, Cristo Rey Philadelphia High School. “Gaining this career exposure during high school prepares our students to be confident, young professionals and gives them a competitive edge in college and future careers.”

WSFS mentors four Cristo Rey work-study students as they work one day a week with various business lines across the company.

About the WSFS CARES Foundation
The WSFS CARES Foundation brings WSFS’ mission of We Stand for Service® to life across the communities we serve. The mission of the WSFS CARES Foundation is to support qualified nonprofit service organizations within our regional footprint that are invested in improving communities, fostering a spirit of inclusion and diversity, and whose focus aligns with the WSFS CARES Foundation’s transformational vision. For more information, please visit https://www.wsfsbank.com/about/community/the-wsfs-cares-foundation/.

About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of December 31, 2024, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $89.4 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust® , The Bryn Mawr Trust Company of Delaware, Cash Connect® , NewLane Finance® , Powdermill® Financial Solutions, WSFS Institutional Services® , WSFS Mortgage® , and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

Media Contact: Connor Peoples

215-864-5645

cpeoples@wsfsbank.com

Source: WSFS CARES Foundation

FAQ

How much did WSFS CARES Foundation donate in charitable grants for 2024?

WSFS CARES Foundation provided $2.7 million in charitable grants to 323 organizations across Delaware, New Jersey and Pennsylvania in 2024.

What was WSFS's largest grant recipient in 2024?

TeenSHARP received a $300,000 grant from WSFS CARES Foundation, recognized as Technical.ly Delaware's 2024 Money Move of the Year.

How many volunteer hours did WSFS employees contribute in 2024?

WSFS employees contributed over 33,000 volunteer hours in 2024, including 6,000 hours during their We Stand for Service Day.

What are the key focus areas of WSFS CARES Foundation's charitable giving?

The foundation focuses on community investments, affordable housing, revitalization, business economic empowerment, education and leadership development, and strengthening those in need.
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