Nineteen Lehigh Valley organizations receive a total of $685,000 in grants from BB&T Economic Growth Fund
To date the fund has donated more than $2.4 million in the Lehigh Valley
Lehigh Valley, Pa., November 15, 2018—BB&T today announced $685,000 in grants to 19 Lehigh Valley organizations from the BB&T Economic Growth Fund of Lehigh Valley Community Foundation.
“BB&T has a long history of supporting our communities,” said BB&T Community Banking Group Executive Scott V. Fainor. “We are proud to provide community leadership at this level and play a role in the future health and prosperity of the Lehigh Valley.”
In conjunction with the BB&T/National Penn merger, $5 million was donated to two local foundations, Berks County Community Foundation and Lehigh Valley Community Foundation, with each receiving $2.5 million to establish a BB&T Economic Growth Fund.
Previously, BB&T donated a total of $2,452,000 through the BB&T Economic Growth Fund of Lehigh Valley Community Foundation. During the 2018 phase of allocation, the following grants were given in the Lehigh Valley:
Allentown Art Museum
Baum School of Art
Civic Theatre of Allentown
Community Action Committee of Lehigh Valley
Downtown Allentown Community Development Initiative
Good Shepherd Rehabilitation Network
Greater Lehigh Valley Chamber of Commerce
Historic Bethlehem Partnership
Housing Association & Development Corp.
Lehigh Valley Community Foundation
Lehigh Valley Economic Development Corp.
Lehigh Valley Health Network
National Museum of Industrial History
Penn State Lehigh Valley
St. Luke’s University Health Network
State Theatre Center for the Arts
Valley Youth House
"Working with Scott Fainor and the leadership of the BB&T Economic Growth Fund in making these important investments in the growth of the Lehigh Valley has been a tremendously rewarding experience,” said Bernie Story, president and CEO of the Lehigh Valley Community Foundation. “Our partnership with BB&T in support of the region has proven to be a great example of deep philanthropic impact which has become a standard for both the Lehigh Valley Community Foundation and BB&T.”
BB&T is one of the largest financial services holding companies in the U.S. with $222.9 billion in assets and market capitalization of approximately $37.4 billion, as of September 30, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, North Carolina, the company operates more than 1,900 financial centers in 15 states and Washington, D.C., and is recognized consistently for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.
About Lehigh Valley Community Foundation
For more than five decades, the Lehigh Valley Community Foundation has helped donors with their charitable contributions with a simple, powerful, and highly personalized approach. LVCF is a philanthropic hub for the Lehigh Valley—who knows and navigates the landscape of the Lehigh Valley’s community needs to connect people who care to causes that matter.
With a diverse and respected Board of Governors, the Community Foundation is a tax-exempt 501(c)3 organization located in Allentown, Pennsylvania. The Foundation is cause-neutral and supports all areas of community needs in the Lehigh Valley and beyond in compliance with the National Standards for U.S. Community Foundations. Learn more at: www.lvcfoundation.org
David White, Vice President Corporate Communications: Media@BBT.com