Fifth Third Bank 2003 Annual Report Download - page 16

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Fifth Third provides banking, investments and processing
solutions to 5.7 million customers everyday, and we
leverage our success to strengthen the communities we
serve. We reaffirmed our commitment through $27 million
in grants and support to deserving organizations, including
$21 million from the Fifth Third Foundation and charitable
trusts for which the Bank serves as Trustee, and were
honored to be ranked #4 in BusinessWeek’s “America’s
Most Philanthropic Companies” listing as a percentage of
revenues. The Fifth Third Foundation Office, Community
Development Corporation and Community Affairs
department are three key extensions of the Bank’s
community investment activities.
Fifth Third in the community
The Foundation Office helps direct grants for Arts & Culture,
Community Development, Education, and Health & Human
Services, while the Fifth Third Community Development
Corporation invests in low-income housing, historic tax
credit and economic development projects to support
community revitalization. Our Community Affairs
department identifies lending and real estate opportunities in
traditionally underserved markets, such as ethnically diverse,
urban, and low- to moderate-income census tracts. This
group also champions financial literacy – the keystone for
stable communities – by providing homebuyer training,
credit counseling and college savings match programs.
Fifth Third was recognized for its efforts with over $1 million
in grants from the U.S. Treasury Department and the
Community Development Financial Institution (CDFI) Fund.
The funding extended our outreach and access programs for
the “unbanked” in Eastern Michigan and Central Ohio, and
we forged a partnership with LexLinc Community Credit
Union to fund two loan programs in Central Kentucky.
We are proud of our legacy of philanthropy. These initiatives
and many others reflect our realization that if you build a
stronger community, you will build a stronger bank.
$27Million
in Grants and Community Programs
1999
2000
2001
2002
2003
United Way Giving
Over the past five years, Fifth Third’s
corporate and employee
contributions to the United Way have
reached $33 million.
$4.6 million
$5.5 million
$6.5 million
$7.4 million
$9.0 million
FIFTH THIRD COMMUNITY AFFAIRS
14