WSFS CARES Foundation Provided $2.7 Million in Charitable Grants and Contributions in 2023
05 Febbraio 2024 - 4:38PM
Business Wire
The WSFS CARES Foundation, the charitable giving arm of WSFS
Bank (Nasdaq: WSFS), announced it provided grants and donations
totaling more than $2.7 million to more than 390 community
organizations located across Delaware, New Jersey and Pennsylvania
in 2023. WSFS also made a $2.0 million contribution to the WSFS
CARES Foundation in 2023 to support future investments in its
Communities.
In addition to the grants, Team WSFS, the WSFS corporate
volunteer program, volunteered more than 18,000 hours during 2023.
This included the inaugural “We Stand for Service Day” in June, a
volunteer initiative where WSFS closed its banking offices for a
half day so approximately 1,200 Associates could volunteer nearly
5,000 hours at more than 80 organizations and make an impact across
the Greater Philadelphia and Delaware region.
“In 2023, the WSFS CARES Foundation provided grants to more than
390 community organizations who have a shared focus with the
Foundation’s key pillars,” said Patrick J. Ward, Executive Vice
President, Pennsylvania Market President at WSFS Bank and Chairman
of the WSFS CARES Foundation. “We’re proud of the impact the WSFS
CARES Foundation and our Team WSFS volunteers have made by working
hand-in-hand to address the needs of our Communities, and I would
like to thank our dedicated Associate volunteers for living our
mission each day.”
The WSFS CARES Foundation’s key pillars of support include
community investments, affordable housing, revitalization and
business economic empowerment, education and leadership
development, and strengthening those in need.
Among the organizations receiving a grant from the WSFS CARES
Foundation in 2023 was Philadelphia Academies, Inc. (PAI) to
support its mission to be an innovative nonprofit organization that
works with students, educators, and partners to improve outcomes
for Philadelphia's young people. In addition to the grant, WSFS
provided 10 financial education workshops for more than 150 PAI
students in 2023.
“WSFS Bank has been instrumental in our efforts to improve
outcomes for youth in Philadelphia,” said Jay Vazquez, President
and CEO, Philadelphia Academies, Inc. “Thanks to their partnership,
our students have gained invaluable financial literacy instruction
and enjoyed transformative learning experiences.”
In New Jersey, Cathedral Kitchen received a grant to support its
mission to help people out of food insecurity and champion their
pursuit of stability and prosperity. In addition to financial
support, Team WSFS took part in regular volunteer initiatives with
the organization, including for the inaugural “We Stand for Service
Day.”
“Cathedral Kitchen is grateful to the WSFS CARES Foundation for
their generous support, both financially and through their
dedicated Associate volunteerism,” said Carrie Kitchen-Santiago,
Executive Director, Cathedral Kitchen. “Their support helps us
continue to meet the immediate needs of vulnerable families and
individuals in our community while helping them break down barriers
to stability.”
The WSFS CARES Foundation also provided support to Sunday
Breakfast Mission through a grant as well as partnering together
for WSFS’ annual Food Drive, which raised 56,000 pounds of food to
be donated to Sunday Breakfast Mission and Sharing Excess.
“When you think about a partnership between a Bank and a charity
that has resulted in more than a million and a half meals to hungry
men, women and children, as well as hundreds of lives that have
been transformed through programs that began with one of those
meals, it is no longer just a Bank and a charity,” said Rev. Tom
Laymon, Senior Pastor, CEO and President, Sunday Breakfast Mission.
“It is a wonderful life-giving family adventure – that is what WSFS
Bank has been with Sunday Breakfast Mission.”
About the WSFS CARES Foundation
The WSFS CARES Foundation brings WSFS’ mission of We Stand for
Service® to life across the communities we serve. The mission of
the WSFS CARES Foundation is to support qualified nonprofit service
organizations within our regional footprint that are invested in
improving communities, fostering a spirit of inclusion and
diversity, and whose focus aligns with the WSFS CARES Foundation’s
transformational vision. For more information, please visit
https://www.wsfsbank.com/about/community/the-wsfs-cares-foundation/.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial
services company. Its primary subsidiary, WSFS Bank, is the oldest
and largest locally headquartered bank and trust company in the
Greater Philadelphia and Delaware region. As of December 31, 2023,
WSFS Financial Corporation had $20.6 billion in assets on its
balance sheet and $84.3 billion in assets under management and
administration. WSFS operates from 114 offices, 88 of which are
banking offices, located in Pennsylvania (57), Delaware (40), New
Jersey (14), Florida (1), Nevada (1) and Virginia (1) and provides
comprehensive financial services including commercial banking,
consumer banking, treasury management and trust and wealth
management. Other subsidiaries or divisions include Arrow Land
Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The
Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane
Finance®, Powdermill® Financial Solutions, WSFS Institutional
Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving
the Greater Delaware Valley since 1832, WSFS Bank is one of the ten
oldest banks in the United States continuously operating under the
same name. For more information, please visit www.wsfsbank.com.
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Media Contact: Kyle Babcock (215) 864-1795
kbabcock@wsfsbank.com
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