SunTrust Promotes Financial Well-Being Through Volunteerism, Donations
Press release from the issuing company
Wednesday, January 22nd, 2014
SunTrust Banks, Inc., The SunTrust Foundation and SunTrust teammates donated $26.4 million and contributed 170,000 volunteer hours in 2013 to support communities across the Southeast and Mid-Atlantic states. The efforts reflect the company's ongoing commitment to advance financial well-being.
"We believe that when we build our communities, we build our bank," said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. "As a purpose-driven company, we are constantly seeking to make a difference, and one of the most meaningful ways we can do this is through the time and money we give back to our communities."
Throughout 2013, The SunTrust Foundation provided significant financial support to various organizations, including educational institutions, local United Way chapters, Operation HOPE, Junior Achievement and the American Red Cross. The SunTrust Foundation donations totaled$12 million. SunTrust Banks, Inc. donated $1.2 million and corporate sponsorships totaled $7 million. The company also experienced record-level teammate commitments in the amount of$6.2 million during its annual United Way campaign.
SunTrust's 170,000 teammate volunteer hours were dedicated to a number of non-profit organizations, with significant efforts at Junior Achievement, Boy Scouts of America, United Way and Habitat for Humanity.
The company will continue its commitment to giving and volunteerism in 2014. This year, SunTrust's "Shine On" volunteer program will provide all full-time teammates with eight hours of paid volunteer time, in addition to a "Day of Purpose" they can use to promote financial well-being.