WILMINGTON, Del., Oct. 11, 2022 (GLOBE NEWSWIRE) — WSFS CARES Foundation, the charitable arm of WSFS Bank (Nasdaq: WSFS), announced that it has awarded grants to six community organizations through its footprint in as part of his continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in Q3 by the WSFS CARES Foundation Board of Trustees, will support the following organizations:
Beat the Streets Philadelphia ($15,000)
Beat the Streets Philadelphia (BTSP) is a sports-based nonprofit youth development organization committed to fostering the holistic growth of student-athletes living in underserved, at-risk communities. BTSP implements mentorship, academic support, and wrestling programs throughout the greater Philadelphia area as vehicles to “positively alter the trajectory of life.” The WSFS grant will fund a comprehensive community program for the 2022-23 winter season.
Commonwealth Youth Choir ($15,000)
Based in Germantown, Commonwealth Youthchoirs (CY) is a non-profit choral music education program whose mission is to transform the lives of young people through the power of making music together, one song at a time. Funds from WSFS will allow the program to be expanded to one additional low-to-moderate income school for the 2022-23 school year.
Cinnaire ($150,000; paid $50,000 per year over three years)
Cinnaire is a mission-driven Community Development Financial Institution (CDFI) that supports affordable housing developments as well as community and economic revitalization initiatives through creative investments, loans and real estate development services. WSFS funds will contribute to the goal of renovating and selling up to 100 homes in eligible neighborhoods by making capital available to small and large developers who renovate, market and sell homes in target areas.
Food Bank of South New Jersey & The Camden Coalition of Healthcare Providers ($75,000; paid $25,000 per year over three years)
The South Jersey Food Bank exists to provide an immediate solution to the pressing problem of hunger by providing food to those in need, teaching them how to eat nutritiously and helping them find sustainable ways to improve their life. The Camden Coalition of Healthcare Providers is a nonprofit, multidisciplinary community association working to improve care for people with complex health and social needs in the city of Camden, NJ, and nationwide. WSFS will have a representative seat within the collective.
Greater Philadelphia Skylines ($25,000)
Horizons Greater Philadelphia advances educational equity by building long-term partnerships with students, families, communities, and schools to create out-of-school experiences that inspire the joy of learning. WSFS funds will provide general operational support.
St. Michael’s School and Nursery, Inc. ($50,000; paid $25,000 per year over two years)
St. Michael’s School and Daycare is committed to nurturing the growth and supporting the development of children in mind, body, character and spirit. The organization offers an exemplary education and childcare program in a nurturing atmosphere. A portion of the WSFS funds will support the Workforce Development Cohort training program.
“At WSFS, we donate our time, talents, and resources to nonprofits and grassroots organizations that align with key pillars of the WSFS CARES Foundation, including community investment, affordable housing, revitalization and business economic empowerment, education and leadership development, and empowerment of those in need,” said Patrick J. Ward, Executive Vice President, Pennsylvania Market President at WSFS Bank. “WSFS has a long history of community support spanning nearly 200 years, and these organizations have demonstrated a dedication to providing vital support to their communities. We are delighted to provide these grants to support the expansion of these organizations’ efforts and look forward to working together to build stronger communities.
“Beat the Streets Philadelphia (BTSP) aims to positively alter the trajectory of life by using the sport of wrestling as a vehicle to teach the core values of courage, compassion, service and teamwork,” said James Mangan, executive director of BTSP. “Having the support of the WSFS CARES Foundation ensures that BTSP can serve the youngest and most vulnerable in Philadelphia by providing academic mentorship coupled with athletic rigor – strengthening the character of our community and creating a virtuous circle of good.”
“Located in many areas of Philadelphia, our Find your instrument (FYI) provides rich, growth-oriented and joy-filled music experiences for students who do not have music education programs in their schools,” said Dr. Elizabeth Parker, Commonwealth Youthchoirs Co-Artistic Director and Music Director from FYI. “Through music, students learn more about themselves and others, and they connect these experiences to their school and community. We are very grateful to WSFS for supporting this program.
“The Catalyst Fund is a great example of the impact possible when public and private partners come together to raise capital not only intentionally, but also strategically,” said Joel Amin, Cinnaire Community Connection program manager. “By working together to leverage additional sources of funding such as the WSFS CARES Foundation Grant, we are providing equitable and affordable homeownership opportunities to Delawarens across the state. We are grateful to our partners at WSFS Bank for their support of the Catalyst Fund and look forward to working together to build healthy and vibrant communities.
About the WSFS CARES Foundation
The WSFS CARES Foundation brings the WSFS mission of We Stand for Service® to life in the communities we serve. The mission of the WSFS CARES Foundation is to support qualified nonprofit service organizations within our regional footprint who are invested in bettering communities, fostering a spirit of inclusion and diversity, and whose l The goal aligns with the transformational vision of the WSFS CARES Foundation. For more information, please visit https://www.wsfsbank.com/about-us/community/wsfs-foundation.
About WSFS Financial Company
WSFS Financial Corporation is a multi-billion dollar financial services company. Its main subsidiary, WSFS Bank, is the oldest and largest bank and trust company headquartered in Delaware and the Greater Philadelphia area. As of June 30, 2022, WSFS Financial Corporation had $20.6 billion in assets on its balance sheet and $60.3 billion in assets under management and administration. WSFS operates from 121 offices, 94 of which are banking offices, located in Pennsylvania (62), Delaware (39), New Jersey (18), Virginia (1) and Nevada (1) and provides comprehensive financial services, including including commercial banking, retail banking, cash management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Cash Connect®Cypress Capital Management, LLC, NewLane Finance®powder mill® Financial Solutions, West Capital Management®WSFS Institutional Services®WSFS Mortgage®WSFS Wealth® Investments and the Bryn Mawr Trust Company of Delaware. 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, visit www.wsfsbank.com.