The funding will support programming at Fairfax and Prince George counties
CHARLOTTE, NC, August 18, 2022 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC), along with the Truist Foundation and the Truist Charitable Fund, today announced a 1.45 million dollars Commitment to Junior Achievement of Greater Washington (JAGW). The funding will support JAGW’s educational programs around financial literacy, including its JA Finance Park® program for high school students that teaches them how to be financially capable for lifelong success.
Truist shared details of his investment in Landover, Marylandwithin the financial park of JAGW a Prince George’s County. Ellen Fitzsimmonschief legal officer and head of public affairs at Truist, was joined by Ed Grenier, president and CEO of JAGW.
“As a financial institution, Truist understands the importance and impact that financial education has on the lives of our young people and their economic opportunity,” Fitzsimmons said. “Junior Achievement’s vision to empower young people with the skill set to build thriving communities aligns with our ongoing emphasis on creating more pathways to economic equity. Our long-standing partnership with Junior Achievement of Greater Washington and this commitment is an example of how we are putting our purpose to inspire better lives and communities into action for the Greater Washington area.”
JA Finance Park is a non-profit public-private partnership between the Washington the region’s school systems, businesses, educators and volunteer mentors coming together to inspire, guide and teach students how to be financially capable and ready to take on their future. From goal setting to saving, budgeting, shopping and paying bills, students experience what it really takes to successfully navigate a complex economy and learn how their current decisions can affect his future
Truist funding will provide JAGW and Fairfax students and Prince George counties with the curriculum materials, hands-on experiences and mentors needed to prepare more than 40,000 students for the Greater Washington region for financial and professional success.
“Truist’s committed partnership gives JA the ability to empower more than 52,000 students a year Greater Washington to develop financial management skills and take charge of their future,” said Grenier. “JA Finance Park’s success is a testament to the public-private enterprise model that brings businesses and school systems together to prepare our students local to succeed in a global economy. By partnering with Truist, we look forward to expanding our reach and continuing to impact the next generation of leaders in our region.”
JAGW inspires and prepares young people to succeed in a global economy. The organization works to provide all students with equal access to relevant and experiential education, community mentors, and global business leaders so they can confidently pursue the real-world opportunities that matter most to them. Junior Achievement alumni are more likely to graduate college and find employment at a higher rate than their peers.
Truist is committed to driving meaningful and lasting change Greater Washington, DC and has provided $5.1 million in charitable giving, loans and grants from the Truist Foundation and the Truist Charitable Fund starting in 2021. The Truist and Truist Foundation have partnered with several Washington, DC-focused nonprofits, including the Washington Housing Conservancy, the Washington Housing Initiative, the Washington Area Community Investment Fund and Davis Memorial Goodwill among others to help address affordable housing and support inclusive economic mobility and workforce readiness across the region.
About Junior Achievement of Greater Washington
Junior Achievement of Greater Washington is a nonprofit organization that is changing the game for our region’s youth with relevant, experiential education in financial literacy, job readiness, and entrepreneurship. We bring together school systems, business leaders and volunteer mentors trained to provide equal access to the tools, people and experiences all young people need to be 100% ready for real life in the real world. This means students gain what matters most: control over their own lives, futures and careers. For more information, visit myJA.org.
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has the leading market share in many high growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized loans; and asset management. Headquartered in Charlotte, North Carolina, Truist is a top 10 commercial bank in the US with total assets of $545 billion as of June 30, 2022. Truist Bank, Member FDIC. More information at Truist.com.
About Truist Charitable Fund
Truist Charitable Fund is a donor-advised fund created by Truist and administered by The Winston-Salem Foundation.
About the Truist Foundation
The Truist Foundation is committed to Truist Financial Corporation (NYSE: TFC) purpose to inspire and build better lives and communities. Founded in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure that the communities it serves have more opportunities for a better quality of life. The grants and activities of the Truist Foundation focus on building career paths for economic mobility and strengthening small businesses. Learn more at Truist.com/Purpose/Truist-Foundation.
SOURCE Truist Financial Corporation