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Fifth Third Foundation announces ‘2018 Strengthening Our Communities Fund Awards’

TOLEDO, Nov. 16, 2018: The Fifth Third Foundation has announced its 2018 Strengthening Our Communities Fund grants for Northwest Ohio. Awards from the fund, now in its second year, benefit designated nonprofit programs that support affordable housing, small business development and financial stability for individuals and families.

The Strengthening Our Communities Fund is part of Fifth Third Bank’s Community Commitment, which will invest $32 billion in mortgage lending, small business lending, community development lending and philanthropy by 2020. Since its inception $5.5 million has been invested through the Strengthening Our Communities Fund.

“The Strengthening Our Community grants are impactful. Regardless of the neighborhood where one lives or works, every community is an ever-evolving, all-encompassing entity, created and established by the people who call those neighborhoods home,” said Heidi Jark, managing director, Fifth Third Foundation. “We are intentional about building communities because we know that, as their members become empowered, their entire surroundings will flourish.”

“We are committed to making community investments that improve lives, strengthen families and build strong communities in Toledo,” said Bob LaClair, regional president of Fifth Bank Northwest Ohio. “We believe these grants provide meaningful support to the efforts of these organizations to build and maintain strong, vibrant communities and that provide pathways to opportunity in our community.”

Fifth Third invited nonprofit organizations across its regions to apply for the funding. Grant awards begin at $25,000 and are for a one-year period. The maximum grants depend on the program and demonstrated need. Fifth Third awarded $3 million in SOC grants across its footprint in 2018.

The Northwest Ohio recipients of Strengthening Our Communities Fund grants are:

Adelante, Inc.: $25,000 will be used for their workplace development initiative. “Being selected to receive this award means that we can now provide an avenue for low to moderate income families to be able to achieve success in the workforce, hence impacting their long-term financial stability. The training center is made possible only through this award at this point. To date, we have graduated 4 Pharm Tech trainees and have welcomed over 15 new participants into the newly formed ESL classes – now being offered every Wednesday. We are excited to be of service to our community in this capacity,” said Sabina Serratos, Adelante, Inc. executive director.

Cherry Street Mission Ministries: $50,000 for Cherry Street’s Life Revitalization Network.

Goodwill Industries of Northwest Ohio: $50,000 to support the Goodwill Job Connection Center.

Local Initiatives Support Corporation (LISC): $28,750 for the First Steps to Homeownership Program. “Through the partnership with Fifth Third Bank, the LISC Toledo office will be able to continue to increase credit building opportunities for low- and moderate-income families by expanding the LISC Twin Account program. The LISC Twin Account program is offered through the Toledo Financial Opportunity Centers, which provide financial coaching to build and repair credit.  Increasing the financial capacity of families in Toledo is critical to building assets, through homeownership or entrepreneurship, and key to building strong neighborhoods,” said Kimberly Cutcher, LISC Toledo executive director.

Maumee Valley Habitat for Humanity: $28,750 for the home repair program.

Economic Community Development Institute (ECDI): The Toledo SOC fund participated in supporting $125,000 for the statewide Ohio Core City Neighborhoods Initiative.

 

 
Copyright © 1989 to 2018 by [LaPrensa Publications Inc.]. All rights reserved.
Revised: 11/20/18 13:19:06 -0800.

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