Truist Foundation grants LIFT $500,000 to expand its services to Richmond to support underserved families
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LIFT will partner with
"LIFT's holistic approach will be tailored to respond to the unique lived experiences of
LIFT has established a strong track record of providing technical assistance to partners, and in 2022, reached over 900 families through its work in the cities in which it currently operates, including
According to LIFT, 91% of families served by the organization make progress on their finances. Among those who see an improvement, the average increase in savings is
About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. Truist Foundation's grants and activities focus on building career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Foundation.
LIFT's mission is to bring economic equity to marginalized communities at scale by redesigning social service systems to treat parents with dignity and trust. LIFT's program breaks the cycle of poverty by investing in families through integrated financial, educational, and employment coaching along with direct cash support. LIFT's one-on-one coaching program helps parents set and achieve goals – such as going back to school, improving credit, eliminating debt, or securing a living wage – that put their families on the path to economic mobility. This direct service work serves as an action tank, providing a foundation for meaningful partnerships and advocacy efforts that yield research insights, policy influence, and systems change.
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SOURCE Truist Foundation
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