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M&T Bank is a member of Philanthropy Delaware.
M&T Bank announced today more than $21 million in grants to support the construction or rehabilitation of 1,621 affordable housing units within 20 neighborhoods in New York, New Jersey and Pennsylvania.
The grants for projects sponsored by M&T are provided through the Federal Home Loan Bank of New York Affordable Housing Program.
"Our community development lending helps many projects come to fruition, including affordable housing projects. We work closely with our partners to access a variety of different funding sources, in addition to our own bank loans. The Federal Home Loan Bank of New York has consistently provided outstanding grant support for these projects as an additional capital source," said Brad Dossinger, Group Vice President for Community Reinvestment at M&T Bank.
Read the press release here.
There are some cutting-edge projects taking place at Delaware State University’s Department of Public and Allied Health’s Kinesiology Lab, a place where professors and students are working on finding ways to prevent hip, knee and ankle injuries before they occur.
Gov. John Carney joined DSU President Wilma Mishoe in visiting three different classrooms and labs around the Dover campus on Wednesday, including the Kinesiology Lab, where they learned more about the research pursuits and hands-on experiences taking place at the institution.
It was part of a day in which the governor also toured classrooms at Delaware Technical Community College’s Georgetown Campus and the University of Delaware on Wednesday, highlighting the innovative work taking place at each campus, and took the opportunity to discuss Delaware’s Higher Education Economic Development Fund. He met with students, faculty and administrations at all three institutions.
For more, click here.
From Delaware Business Now:
U.S. Sens. Chris Coons, D-DE, a member of the Senate Small Business and Entrepreneurship Committee, and Michael Bennet (D-Colo.), a member of the Senate Finance Committee, sent a letter urging Secretary of the Treasury, Steven Mnuchin, to “protect the original intent of the Opportunity Zone policy, namely to harness capital and generate investment, new business, and well-paying jobs in economically distressed communities,” a release stated.
There has been growing concern that the program’s rules may not allow it to reach the stated goal of bringing jobs and investment to distressed areas. Delaware has several Opportunity Zones. However, some areas in downtown Wilmington and the entire former GM Boxwood site is not eligible, with other rules making redevelopment more difficult.
Read more here.
Christiana Care Health System is a member of Philanthropy Delaware.
Colorectal cancer is the second leading cause of cancer related deaths in the United States, equally affecting both men and women. Each year there are 130,000 new cases in the United States, and 40 percent of those affected will die from their disease.
The three-year grant will enable Boman and his team at the Center for Translational Cancer Research (CTCR) at Christiana Care to continue building on their discovery that stem cell overpopulation is the mechanism that drives cancer development and growth in the colon. This knowledge could ultimately aid in developing targeted and more effective cancer treatment strategies.
Read more here.
Wells Fargo is a member of Philanthropy Delaware.
To support greater economic empowerment in tribal communities, the Wells Fargo Foundation has awarded nearly $13 million to nonprofits supporting American Indian and Alaska Native communities as part of a five-year, $50 million commitment to expand its focus on tribal philanthropy. The funding will help increase homeownership, energy sovereignty and workforce development on tribal lands, promote development of native owned small businesses, and help build capacity for nonprofits to better serve their clients in Indian Country.
“Wells Fargo has been serving American Indian and Alaska Native communities for more than 50 years,” said Jon Campbell, president of the Wells Fargo Foundation. “We believe it is important to support nonprofit and community organizations that empower tribal communities to determine their own way of life on their own lands — according to their time-honored cultures, traditions and beliefs — while also providing access to the tools and opportunities that can lead to financial success and well-being.”
The grants to 25 organizations range from $50,000 to $5 million.
Bayer’s sponsorship in the amount of $3,000 will be used by the Delaware Farm Bureau Foundation in an educational outreach program. Through the program, farmers will tell stories of how local Delaware farm families are utilizing science and technology to provide safe, affordable and nutritious foods to consumers.
WSFS is a member of Philanthropy Delaware
WSFS Bank formally donated its former Wyoming banking office to the people and Town of Wyoming, DE, in a key handing ceremony that was attended by Wyoming Mayor Frankie Dale Rife, members of the Town Council and the community, and WSFS’ local leadership team. This is WSFS’ second property donation in recent years to benefit the local community. In 2015, WSFS was proud to donate a property and house to the Central Delaware Habitat for Humanity, which was renovated in 2018 with the help of the local community and WSFS volunteers and an $8,000 donation from WSFS Bank. “As a local community bank with deep ties to Wyoming and WSFS Associates that were born and raised in this wonderful Town, we knew that the only future of this property was to donate it to benefit the local community.”
Read more here.
The Jessie Ball duPont Fund is a member of Philanthropy Delaware.
Foundation Center, the leading source for insight on philanthropy worldwide, and GuideStar, the leading source of information on nonprofit organizations, today announced they have joined forces to become a new nonprofit entity named Candid. Candid will be governed by a board composed of the current trustees of Foundation Center and GuideStar. Leading the board will be co-chairs Clotilde Perez-Bode Dedecker, who has served as the chair of Foundation Center and serves as president & CEO of the Community Foundation for Greater Buffalo, and Mari Kuraishi, who served as chair of GuideStar and is the new president of the Jessie Ball duPont Fund. Prior to joining the Fund, Kuraishi was the co-founder and president of GlobalGiving.
WSFS is a member of Philanthropy Delaware
The WSFS Foundation, the philanthropic arm of WSFS Financial Corporation (Nasdaq: WSFS) and its primary subsidiary, WSFS Bank, has awarded a total of $425,000 to three community programs and organizations that are achieving academic, economic and positive life outcomes for youth in Wilmington, Del.
Vernita Dorsey, WSFS’ Senior Vice President and Director of Community Strategy, and Theresa Hasson, Vice President and WSFS’ Director of Community Reinvestment, joined nonprofit community partners from The Teen Warehouse, the Delaware Restaurant Association Educational Foundation and Year Up Wilmington at WSFS Bank’s headquarters in Wilmington where the WSFS Foundation grants were presented.
Read more here, and see the photos below.
WSFS is a member of Philanthropy Delaware.
On Jan. 1, WSFS Chairman, President and CEO Mark A. Turner turned over the reins to Rodger Levenson and became executive chairman of the company’s board of directors (with Lead Independent Director Eleuthère I. du Pont).
Turner, a lifelong resident of the Delaware Valley with a bachelor’s degree from LaSalle University and an MBA from The Wharton School, was appointed president and CEO of WSFS in April 2007 and served as in management for more than 22 years, including two decades as a member of the executive leadership team. During that time, WSFS Customers repeatedly selected WSFS as the “best bank” and a “top bank” in Delaware and Southeastern Pennsylvania.
Since the months just after the 2008 financial crisis, when the company recorded a cycle-low market valuation of approximately $100 million, WSFS’ market capitalization has increased to more than $1.7 billion — representing a total shareholder return of more than 900 percent. He took some time recently to reflect on his career for Delaware Business Times.
Copyright Philanthropy Delaware, Inc. 2017Philanthropy Delaware, Inc. is a 501(c)3 nonprofit organization
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Address:100 W. 10th Street, Suite 500Wilmington, DE 19801