Fifth Third Foundation announces ‘2018 Strengthening Our
Communities Fund Awards’
TOLEDO, Nov. 16, 2018: The
its 2018 Strengthening Our Communities Fund grants for
Northwest Ohio. Awards from the fund, now in its second year,
benefit designated nonprofit programs
that support affordable housing, small business development and
financial stability for individuals and families.
The Strengthening Our Communities Fund is part of Fifth
Third Bank’s Community Commitment, which will invest $32 billion
in mortgage lending, small business lending, community
development lending and philanthropy by 2020. Since its
inception $5.5 million has been invested through the
Strengthening Our Communities Fund.
“The Strengthening Our Community grants are impactful. Regardless
of the neighborhood where one lives or works, every community is
an ever-evolving, all-encompassing entity, created and
established by the people who call those neighborhoods home,”
said Heidi Jark, managing director, Fifth Third
Foundation. “We are intentional about building communities
because we know that, as their members become empowered, their
entire surroundings will flourish.”
“We are committed to making community investments that improve
lives, strengthen families and build strong communities in
Toledo,” said Bob LaClair, regional president of Fifth
Bank Northwest Ohio. “We believe these grants provide meaningful
support to the efforts of these organizations to build and
maintain strong, vibrant communities and that provide pathways
to opportunity in our community.”
Fifth Third invited nonprofit organizations across its regions to
apply for the funding. Grant awards begin at $25,000 and are for
a one-year period. The maximum grants depend on the program and
demonstrated need. Fifth Third awarded $3 million in SOC grants
across its footprint in 2018.
The Northwest Ohio recipients of Strengthening Our Communities
Fund grants are:
$25,000 will be used for their workplace development initiative.
“Being selected to receive this award means that we can now
provide an avenue for low to moderate income families to be able
to achieve success in the workforce, hence impacting their
long-term financial stability. The training center is made
possible only through this award at this point. To date, we have
graduated 4 Pharm Tech trainees and have welcomed over 15 new
participants into the newly formed ESL classes – now being
offered every Wednesday. We are excited to be of service to our
community in this capacity,” said Sabina Serratos,
Adelante, Inc. executive director.
Cherry Street Mission Ministries:
$50,000 for Cherry Street’s Life Revitalization Network.
Goodwill Industries of Northwest Ohio:
$50,000 to support the Goodwill Job Connection Center.
Support Corporation (LISC):
$28,750 for the First Steps to Homeownership Program.
“Through the partnership with Fifth Third Bank, the LISC Toledo
office will be able to continue to increase credit building
opportunities for low- and moderate-income families by expanding
the LISC Twin Account program. The LISC Twin Account program is
offered through the Toledo Financial Opportunity Centers,
which provide financial coaching to build and repair credit.
Increasing the financial capacity of families in Toledo is
critical to building assets, through homeownership or
entrepreneurship, and key to building strong neighborhoods,”
said Kimberly Cutcher, LISC Toledo executive director.
Maumee Valley Habitat for Humanity:
$28,750 for the home repair program.
Economic Community Development Institute (ECDI):
The Toledo SOC fund participated in supporting $125,000 for the
statewide Ohio Core City Neighborhoods Initiative.