In 2016, we developed our giving and engagement platform called Community Possible, which focuses on the areas of Work, Home and Play. In 2018, we brought Community Possible to life by providing: $57M in grants and corporate contributions 209,000 employee volunteer hours
We continue to expand on our heritage of corporate citizenship by investing human and financial resources where the need is greatest.
For example, last year we launched our Work Hard, Play Hard initiative, which focused on providing financial and volunteer support to nonprofit organizations across the country to give young people the opportunity to express their creativity and develop job skills.
Through the initiative: 14.7 million dollars was donated to nonprofit organizations 1.6 million people were impacted
Our holistic approach to social responsibility is exemplified through a place-based investment in the Pullman Neighborhood on Chicago’s South Side.
Late last year, we celebrated the grand opening of the U.S. Bank Pullman Community Center, a safe, accessible place to play.
To date, our investment in Pullman includes: $113 Million in corporate and philanthropic funds
- 50,000 community members served
- 1,300 jobs created
- 135 affordable housing units built
Over the last 10 years, the Pullman Community has seen a 10 percent increase in college graduation rates1 and a 52 percent decrease in crime rates2.
Pullman represents our One U.S. Bank approach to corporate social responsibility, combining our philanthropic investments with business investments, including our subsidiary U.S. Bancorp Community Development Corporation (USBCDC), which provides community development loans and tax-credit investments. As of the end of 2018, USBCDC has invested in over $29.1 billion in tax credit equity investments since inception. In addition to equity investments, USBCDC has a loans and deposits portfolio that had average balances of $2.8 billion and $1.2 billion at the end of 2018, respectively.
The financial support we provide is amplified by our employees’ engagement in their communities.
In 2018, employees donated an incredible 550 hours of volunteer time every day.
To support their enthusiasm, we recently increased the amount of paid time-off to volunteer for every employee to 16 hours annually. In addition to giving time, employees raised a record $9 million during our annual Employee Giving Campaign.
Our employees also stepped up during times of significant need, such as during the multiple natural disasters our country faced in 2018.
I’m proud of the bankers who hosted displaced neighbors, worked extra hours in our mobile banking units and picked up volunteer shifts to help their community wherever needed. Nationally, we contributed $600,000 to American Red Cross and United Way disaster relief funds.
Our efforts go beyond giving back — we also give forward.
We take a proactive approach to environmental sustainability. We remain focused on promoting sustainable business practices while supporting economic growth. It’s one of the reasons we have invested: $20.5 Billion in environmentally beneficial business
opportunities since 2008
Message from Andy Cecere
As one of the largest financial institutions in the country, we understand our responsibility to revitalize neighborhoods, provide financial education, create employment opportunities, support small business development and affordable housing, embrace diversity and inclusion, and so much more.
We are proud of the great work we accomplished in 2018 and look forward to serving our communities in 2019.