OVERVIEW: The U.S. Bancorp Foundation is the philanthropic arm of the financial services company that is also known as U.S. Bank. Bancorp supports K-12 education concerns that face at-risk middle and high school students, financial literacy, arts programs, and the development of play spaces.
IP TAKE: U.S. Bancorp offers project, operating and capital grants through its Community Possible program in the 25 states in which it maintains banking offices. In addition to workforce education and financial literacy, Bancorp funds programs that bring cultural and recreational programs to children in K-12 settings.
PROFILE: The philanthropic arm of its corporate sister, the U.S. Bancorp Foundation seeks to “ strength and health of [its] communities.” 2016. Minneapolis-based U.S. Bancorp or U.S. Bank is the fifth largest commercial bank in the United States. The foundation broadly invests in community development, environmental sustainability, and financial education.
The foundation conducts its education-related grantmaking through its financial education program, which offers “tools to help empower you to make informed financial decisions and create brighter futures for yourself and your family.” The program ultimately seeks to help stimulate economic development. Bancorps’ work grants support K-12 financial literacy programs and academic support initiatives for at risk students of low to moderate-income levels. The foundation also offers education grants through its Community Possible grant program. Grants in the play category have supported the development and improvement of hundreds of playgrounds and play spaces in cities and towns where Bancorp operates. The foundation also funds arts and cultural programs at schools and youth centers.
Grants range from a few thousand dollars to tens of thousands of dollars. The foundation provides guidelines and due dates for its open application process at its Community Possible page.
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