Make Communities Happen
In any business, it's easy to simply focus on the bottom line — the day-to-day transactions that keep a company running. But businesses wouldn't exist without the foundation of a community. That's why, since the day we first opened our doors for business, we've been deeply committed to our communities.
Strong, vibrant communities are the backbone for stable jobs, quality homes and opportunities for play. We help communities find their possible through financial investments and ongoing volunteer efforts by our employees. Because better communities benefit everyone.
Community Giving in 2015
We help grow our communities through financial, human and creative resources at both a corporate and a local level. Our work includes national programs and initiatives that promote financial literacy, affordable housing, small business development and economic revitalization. We also extend our reach at a national level by supporting organizations like United Way and the American Red Cross.
In 2015, our company provided $25.4 million in contributions from the U.S. Bank Foundation.
Through our U.S. Bancorp Community Development Corporation, we provided $4.4 billion in 2015 in community development lending and tax credit financing throughout the communities we serve. These activities go a long way in helping communities and residents find their possible by creating new jobs, rehabilitating historic buildings, building affordable and market-rate homes, developing renewable energy facilities and generating economic activity in underserved areas.
We also promoted many arts and cultural events in our local markets, including museum exhibits, theater performances, festivals and art shows. Built on a belief that the arts help create more vibrant communities, we've awarded more than $15 million in grants to the arts over the past five years. And, in 2015, our support for the arts was recognized by Americans for the Arts as a BCA 10: Best Businesses Partnering with the Arts in America honoree. This award recognizes businesses that demonstrate exceptional commitment to the arts through grants, local partnerships, volunteer programs, matching gifts, sponsorships and board memberships.
In addition to our financial contributions, we encourage community involvement by giving our employees paid time off to participate in the community activities they're passionate about. In total, our employees spent more than 255,000 hours volunteering in 2015. Their volunteer activities included beautifying neighborhoods, planting community gardens, cleaning and painting classrooms, leading financial literacy classes for children and adults and building affordable homes with Habitat for Humanity. Thousands of employees also share their financial expertise by serving on the boards of nonprofit charitable organizations.
2016 Snapshot: Community Possible
Building on our legacy of giving back to the community, we’re excited to introduce Community Possible in 2016. This new model for our community giving efforts is built around three key areas: Work, Home and Play.
Our efforts in the area of Work will support programs and organizations that help small businesses thrive, help people succeed in the workplace, help build clearer pathways to higher education and help people gain greater financial literacy. In the area of Home, we will work to connect individuals and families to sustainable housing opportunities. And, finally, through Play we will focus on investing in community programs that support ways for children and adults to experience play.
One of our first initiatives in the area of Play is the U.S. Bank Places to Play program. In partnership with the Minnesota Vikings, this three-year, $1 million effort aims to enhance Minnesota's play spaces. Supported by studies showing that play improves quality of life, we believe that having safe and accessible play spaces is an important way to help communities achieve their possible.
And this is just the beginning. Stay tuned throughout 2016 as we continue to announce exciting new efforts around Community Possible.
“We strive to be a responsible steward of the environment and acknowledge that we have a responsibility to our customers, employees, investors and the communities that we serve to better understand the impact of our operations on global climate change and to help reduce that impact. We do this through reducing our use of natural resources, environmentally beneficial lending and investments, developing products and services that help our customers reduce their environmental impact and increased due diligence around our lending practices for high impact industries.”
Richard K. Davis
Chairman and Chief Executive Officer, U.S. Bancorp