WSFS CARES Foundation Provides Third Quarter Grants to Organizations in Delaware and Pennsylvania
18 September 2023 - 11:30PM
Business Wire
The WSFS CARES Foundation, the charitable giving arm of WSFS
Bank (Nasdaq: WSFS), announced it has provided grants to four
organizations located in Delaware and Pennsylvania as part of its
continuing series of philanthropic activities by WSFS and the
Foundation. The grants, approved in the third quarter by the WSFS
CARES Foundation board, will support the following
organizations:
- American Red Cross of the Delmarva Peninsula ($25,000
Grant) The Red Cross of Delmarva, located in Wilmington, Del.,
spans three states, providing lifesaving services to more than 1.4
million people across the Peninsula. The WSFS funds will support
the organization’s new Wilmington Blood Center.
- Chester Charter Scholars Academy Foundation ($25,000 Grant
to be paid in 2024) The Chester Charter Scholars Academy
Foundation’s purpose is to support the mission of Chester Charter
Scholars Academy (CCSA), an arts integrated, K-12 nonprofit public
charter school offering an exceptional educational option in
Chester, Pa. The WSFS funds will support the organization’s program
for Number Sense: Changing the Math Mindset at CCSA.
- New Leash on Life USA ($25,000 Grant) Founded in 2010,
New Leash on Life USA rescues at-risk dogs and works with
justice-involved individuals in both prison and community settings
to create second chances. The WSFS funds will provide general
operating support to the organization.
- PIDC Community Capital ($50,000 Grant) PIDC is
Philadelphia’s public-private economic development corporation. It
is a nonprofit joint venture between the City of Philadelphia and
the Greater Philadelphia Chamber of Commerce, founded in 1958. The
WSFS funds will support PIDC’s Community Capital, which builds
sustainable neighborhoods and revitalizes business corridors by
making investments that create jobs, grow businesses, leverage
outside capital, and provide goods and services to low-to-moderate
income (LMI) communities.
“At WSFS, we envision a day when everyone will thrive,” said
Patrick J. Ward, Executive Vice President, Pennsylvania Market
President at WSFS Bank and Chairman of the WSFS CARES Foundation.
“This is a lofty ambition that we’re working together with our
Associates and Community partners to achieve. We congratulate these
organizations on the grants they’re receiving and look forward to
working together to make an impact across our region.”
“On behalf of the American Red Cross, I wish to express my
gratitude to the WSFS CARES Foundation for their $25,000 grant in
support of Delaware’s first American Red Cross Blood Donation Site
located on Concord Pike in Wilmington, Del.,” said Theresa Young,
Executive Director at the Red Cross serving the Delmarva Chapter.
“The American Red Cross provides forty percent of the nation's
blood supply. It is through partnerships such as WSFS and the
trusted brand of the Red Cross that this site will help grow blood
donors in Delaware and in turn help to save more lives. Our
Delaware focus includes the need to grow more African American and
Latino blood donors to help our sickle cell clients receive the
best matches possible to ensure a higher quality of life.”
“WSFS has been a tremendous partner for CCSA,” said Chris
Hanlon, Executive Director at CCSA. “The support of this grant will
play a critical role in supporting our math intervention initiative
that is aimed at preparing our students for a variety of rewarding
careers when they graduate. Our school community is incredibly
grateful to have WSFS as a partner who truly cares about the
students we serve in Chester.”
“New Leash is honored to partner with the WSFS CARES Foundation
in investing in the extraordinary potential of justice-involved
people and rescue dogs,” said Marian V. Marchese, Founder & CEO
of New Leash on Life USA. “With the support of the WSFS CARES
Foundation, our human and canine participants can grow, learn, and
succeed, which leads to a healthy, thriving community.”
“As Philadelphia’s economic development corporation, PIDC’s
mission is to spur investment, support business growth, and foster
developments that create jobs, revitalize neighborhoods, and drive
growth to every corner of the city,” said PIDC President Jodie
Harris. “We’re very grateful that this funding from the WSFS CARES
Foundation will help support PIDC’s small business lending and
business support services, particularly for diverse business owners
and entrepreneurs. This will help expand our ability to offer
flexible, affordable capital in growing local businesses—the
backbone of our economy that create jobs and help build wealth for
entrepreneurs.”
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-us/community/wsfs-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-headquarter headquartered bank and trust
company in the Greater Philadelphia and Delaware region. As of June
30, 2023, WSFS Financial Corporation had $20.4 billion in assets on
its balance sheet and $67.9 billion in assets under management and
administration. WSFS operates from 114 offices, 88 of which are
banking offices, located in Pennsylvania (59), Delaware (39), New
Jersey (14), Virginia (1) and Nevada (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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