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Wednesday, February 12, 2025

Truist Foundation making $20M in Helene-related grants

The Truist Foundation, which is affiliated with the Charlotte-based bank, is partnering with the Center for Disaster Philanthropy to make more than $20 million in disaster recovery grants in western North Carolina.

It’s part of the Truist Cares for Western North Carolina project, a three-year, $725 million commitment to support small businesses, housing and infrastructure needs in the region affected by Hurricane Helene. Flooding destroyed or damaged more than 250,000 homes across 39 counties in western North Carolina with economic impacts reaching $53 billion.

The grants are intended to support critical housing and small business recovery and long-term resiliency in the region.

“Truist Foundation is dedicated to helping communities after disasters strike, and this collaboration represents a significant step forward in our effort to help western North Carolina recover from the impacts of Hurricane Helene,” said Lynette Bell, president of Truist Foundation.”

Grantmaking decisions will be guided by CDP’s assessment of damages and unmet needs. Nonprofits will be invited to apply for funding based on the CDP’s assessments.

To learn more or to submit a nonprofit organization interest form, click here.

As part of the Truist Cares initiative, Truist Foundation will also provide significant grants to The Community Foundation of Western North Carolina for its Emergency and Disaster Response Fund, and the American Red Cross for its long-term recovery program.

Truist Cares includes new, dedicated loan capital for local small businesses, residents and municipalities from Truist Bank, impact capital from Truist Community Capital, philanthropic giving from Truist Foundation and additional humanitarian support from Truist teammates.

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