FOR IMMEDIATE RELEASE
June 16, 2020
Megan Fink, VP of Marketing & Communications
Audria Belton, Truist
PALMETTO GOODWILL RECEIVES $100K GRANT FOR COVID-19 RELIEF EFFORTS
North Charleston, SC – Palmetto Goodwill announced it received a $100,000 grant from Truist Financial Corporation to continue offering workforce assistance services through its virtual and walk-in Career Opportunity Centers.
The grant is part of the financial services company’s Truist Cares initiative, a $25 million philanthropic pledge to support basic needs, medical supplies and financial hardship relief due to COVID-19.
“Palmetto Goodwill estimates that the number of individuals economically affected by COVID-19 will increase by 125% in the month of July,” stated Ilze Astad, Palmetto Goodwill’s director of grants and programs. “The economic reality of disruption due to the pandemic can’t be understated. Layoffs have disproportionally affected people with less education. Particularly vulnerable are those already living in poverty, living paycheck to paycheck, or were previously unemployed or underemployed.”
The Truist Charitable Fund grant will allow Palmetto Goodwill to serve close to 200 additional unemployed individuals in need of career credentialing programs, workforce services, and finding sustainable employment.
“With so many people experiencing economic hardship due to the impacts of COVID-19, we are pleased to support Palmetto Goodwill in their efforts to provide workforce assistance services,” said Mike Brenan, South Carolina regional president for Truist. “These efforts directly align with our purpose, which is to inspire and build better lives and communities.”
About Palmetto Goodwill
Palmetto Goodwill is a non-profit social enterprise whose mission is to help people achieve their full potential through the dignity and power of work. In operation since 1979, Palmetto Goodwill operates 31 thrift stores/donation centers, 12 Career Opportunity Centers and 14 commercial contracts to support its mission throughout its 18-county territory. To learn more visit palmettogoodwill.org.
Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $506 billion as of March 31, 2020. Truist Bank, Member FDIC. Learn more at Truist.com.