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WSFS CARES Foundation Provided More Than $2.4 Million in Charitable Grants and Contributions in 2022
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The WSFS CARES Foundation, affiliated with WSFS Bank (Nasdaq: WSFS), reported over $2.4 million in grants and donations to community organizations in Delaware, New Jersey, and Pennsylvania in 2022. The foundation's initiatives included more than 17,000 volunteer hours from Associates, focusing on financial literacy and community service. Key beneficiaries included the Brighter Horizon Foundation, which expanded college readiness services, and the Food Bank of South Jersey, which distributed over 18 million pounds of food to those in need. The foundation emphasizes community investment, education, and economic empowerment.
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Provided over $2.4 million in grants and donations in 2022.
Team WSFS Associates volunteered more than 17,000 hours.
Supported educational initiatives like the Brighter Horizon Foundation.
Contributed a multi-year grant to the Bryan Allen Stevenson School of Excellence.
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WILMINGTON, Del.--(BUSINESS WIRE)--
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it provided grants and donations totaling more than $2.4 million to community organizations located across Delaware, New Jersey and Pennsylvania in 2022.
In addition to the grants, Team WSFS, the WSFS corporate volunteer program, saw Associates volunteer more than 17,000 hours in 2022, including community service and providing financial literacy lessons.
“Our strategy of ‘engaged Associates, living our culture, enriching the Communities we serve’ is rooted in our history as a leader in our Communities for nearly 200 years,” said Patrick J. Ward, Executive Vice President, Pennsylvania Market President at WSFS Bank and Chairman of the WSFS CARES Foundation. “Community investments, affordable housing, revitalization and business economic empowerment, education and leadership development, and strengthening those in need are the key pillars of the WSFS CARES Foundation. Supporting organizations with a shared focus on these areas through grants and contributions combined with our Associate volunteerism helps bring our strategy to life and lead toward a day when everyone will thrive.”
Among the organizations the WSFS CARES Foundation supported in 2022 was the Brighter Horizon Foundation, a nonprofit based in Pennsylvania with a mission to support high school students in becoming the first in their family to pursue a four-year college education or an associate’s degree and a career in the trades.
“The grant that Brighter Horizon Foundation received from the WSFS CARES Foundation allowed us to expand critical services our Scholars need to complete the College Readiness & Persistence Program; thereby, being the first in their families to attain a college degree,” said Yvette Bright, President & CEO, Brighter Horizon Foundation. “Our wrap-around services include academic support, tuition so each Scholar graduates debt-free, housing, meals, transportation, books; strategic and consistent mentorship, life-skills and professional development, financial literacy and now vital mental health services. The WSFS CARES Foundation is truly making an impact on breaking the cycle of generational poverty by providing funds for a post-secondary educational opportunity otherwise inaccessible to this Philadelphia student population. A true gift!”
In New Jersey, the Food Bank of South Jersey received a grant to support its efforts to provide food to people in need, teach them to eat nutritiously and help them to find sustainable ways to improve their lives.
“We are grateful for the WSFS CARES Foundation's support of our work to end hunger in our region. In 2022, the Food Bank of South Jersey distributed more than 18 million pounds of much-needed food resources to our neighbors,” said Lavinia Awosanya, Chief Development Officer, Food Bank of South Jersey. “During a particularly tough year – with the highest inflation in 40 years and prices for everyday items like we've rarely seen before – partners like the WSFS CARES Foundation helped us deliver hope to more than 100,000 individuals each month.”
The WSFS CARES Foundation also provided a multi-year grant to support the Bryan Allen Stevenson School of Excellence in Delaware.
“As a founding funder, WSFS understands the growing population needs in our community and sees our school as a capacity builder for Sussex County,” said Crystal Timmons-Bryant, Director of Development at the Bryan Allen Stevenson School of Excellence. “They also understand that the funding provided through the WSFS CARES Foundation grant to the Bryan Allen Stevenson School of Excellence over the next five years will help increase the capacity of collective impact through community partnerships, accelerate the education ecosystem through innovation, provide opportunities for students to apply knowledge and skills beyond the classroom, and activate young community leaders. We cannot thank WSFS enough, and their team that continues to support our children, families and community of Sussex County.”
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-us/community/wsfs-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 trust company in Delaware and the Greater Philadelphia region. As of December 31, 2022, WSFS Financial Corporation had $19.9 billion in assets on its balance sheet and $64.5 billion in assets under management and administration. WSFS operates from 119 offices, 92 of which are banking offices, located in Pennsylvania (61), Delaware (39), New Jersey (17), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash 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.
