The gift of time

January 29, 2019 | GET MORE : Community

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U.S. Bank increases paid volunteer time off to 16 hours annually for every employee.

Last week at U.S. Bank’s annual All Employee Event, the company’s chairman, president, and CEO Andy Cecere announced the gift of additional paid volunteer time off for all employees, both part-time and full-time, to 16 hours annually. This essentially doubles the time off allotted for employees to volunteer.

“Our 74,000 employees are the heartbeat of U.S. Bank,” said Cecere. “Each year, our employees invest their hearts and minds to give back to their local communities. Their selfless contributions create meaningful and sustaining impact and we are excited to recognize them with this additional volunteer time.”

U.S. Bank also set a goal of reaching 100 percent employee community engagement in 2019. Employees can participate by engaging with the company’s Business Resource Groups, volunteering and/or giving a charitable donation to a nonprofit of choice. 

Last year, employees donated 550 hours of volunteer time per day, which we have valued at $5 million* to the communities in which we work, live and play. 

*Independent Sector, $24.69 per volunteer hour

About Community Possible

Community Possible is the corporate giving and engagement platform at U.S. Bank, focused on the areas of Work, Home and Play. The company invests in programs that provide stable employment, a safe place to call home and a community connected through arts, culture, recreation and play. Philanthropic support through the U.S. Bank Foundation and corporate giving program reached $58.4 million in 2017. Visit usbank.com/communitypossible.