WSFS CARES Foundation Makes Impact with $165K in Grants

WSFS CARES Foundation Champions Community Development

The WSFS CARES Foundation, recognized for its philanthropic efforts, has allocated $165,000 in new grants to four local organizations. Through this support, WSFS Bank (Nasdaq: WSFS) is reaffirming its commitment to enhancing community welfare and providing resources for organizations dedicated to improving the lives of individuals in need.

Supporting Community Education Building

Among the recipients is the Community Education Building (CEB), a pioneer in creating an inclusive educational environment aimed at giving every child an equitable chance at success. Established in 2012, CEB has benefited from the WSFS CARES Foundation’s support since 2018. The foundation's latest grant of $285,000 will be distributed over three years and will enable CEB to further its Student Advocacy Initiative, which promotes the Community School model. This funding will specifically help enhance the Youth Development Center, a safe haven for educational enrichment, job training, and early childhood education programs.

Empowering Reach Riverside Development Corporation

Another notable beneficiary is Reach Riverside Development Corporation, which received a grant of $150,000 to be disbursed over three years. This organization passionately works to bridge the gap in educational and economic disparities. The latest funding will contribute to launching the CORE Program, a comprehensive support system designed to assist low-income children in Wilmington from early education through their careers. CORE Coaches will guide families and students through essential life skills and academic challenges.

Helping Homeless Youth through Covenant House

Covenant House, known for its commitment to supporting homeless youth, will receive a $10,000 grant. This organization is a vital resource for young people facing homelessness, providing not only shelter but also critical workforce development programs. The funds will help foster job readiness, thus preparing these young individuals for sustainable futures, aligning with the WSFS CARES Foundation's commitment to uplifting vulnerable populations.

CASA Youth Advocates Strengthening Community Support

The CASA Youth Advocates of Delaware and Chester Counties will also benefit from a $10,000 grant. This organization plays a crucial role in advocating for children involved with the welfare system, aiming to secure necessary resources and stability for these children. The grant will assist CASA in scaling its operations to meet the increasing demands for their services, allowing them to reach more children needing safety and support.

Additionally, WSFS Bank made a year-end contribution of $5,000 to Literacy Delaware, along with similar grants to Chester County Food Bank, Family Support Line, and Mother’s Home. The support from WSFS Bank exemplifies its ongoing dedication to sustaining and uplifting local communities through collaborative initiatives.

Leadership Commitments from WSFS Bank

Patrick J. Ward, Executive Vice President and Pennsylvania Market President at WSFS Bank, stated, "We are dedicated to creating substantial impacts in our communities by supporting programs that drive economic growth, education, and leadership development." His sentiments echoed the admiration and gratitude expressed by leaders of recipient organizations, who emphasized the transformative impact of these grants on the community.

Testimonials from Local Voices

CEB's CEO, Linda Jennings, highlighted the significant influence that WSFS Bank’s contributions have on the lives of students and their families, stating that such investments vitalize education and mentorship initiatives, essential for nurturing future leaders.

Kenyetta McCurdy Byrd, Chief Operating Officer of The WRK Group, also shared profound appreciation for the foundation’s support, noting how the funding would change lives in Wilmington. Participants from their programs have expressed life-changing experiences, drawing attention to the value of structured support systems in personal development. 

Alexia Clarke, President of Covenant House Pennsylvania, articulated the critical role of WSFS CARES Foundation’s grant in expanding their workforce development programs, stating how it will empower young people to transition into self-sufficient adults.

Leigh Anne McKelvey, Executive Director at CASA, also reaffirmed the importance of community partnerships, especially during times of growth and need. CASA's expansion relies heavily on support from committed partners like WSFS Bank.

About the WSFS CARES Foundation

The WSFS CARES Foundation embodies the mission of We Stand for Service® by actively engaging in initiatives aimed at uplifting communities. By supporting nonprofit organizations aligned with this vision, the foundation plays a vital role in fostering change and enhancing the quality of life throughout the region.

About WSFS Financial Corporation

WSFS Financial Corporation stands as a prominent financial services provider in the Greater Philadelphia and Delaware region, boasting a robust balance sheet. With a legacy dating back to 1832, the firm operates multiple banking and trust offices, delivering a comprehensive range of financial services to meet the needs of diverse clientele.

Frequently Asked Questions

What is the WSFS CARES Foundation?

The WSFS CARES Foundation is the charitable branch of WSFS Bank that supports nonprofit organizations focused on community improvement and social equity.

How much funding did the WSFS CARES Foundation allocate?

In its recent round of grants, the foundation allocated $165,000 to various community organizations.

Which organizations received grants from the WSFS CARES Foundation?

The organizations that received grants include Community Education Building, Reach Riverside Development Corporation, Covenant House, and CASA Youth Advocates.

What is the impact of the grants?

The grants are aimed at supporting youth development, education, workforce readiness, and essential services for vulnerable populations.

How can community organizations apply for grants from WSFS CARES Foundation?

Community organizations can apply for support and funding through the WSFS CARES Foundation's application process, aimed at nonprofits making a difference in their communities.

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