Fifth Third Bank 2006 Annual Report Download - page 18

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The Foundation Office administers grants on behalf of the Fifth
Third Foundation and the eight charitable trusts for which the Bank
serves as trustee. The Fifth Third Foundation made over 560 grants
totaling $4 million in the areas of arts & culture, community
development, education and health & human services in 2006. The
Fifth Third Foundation also funded 17 scholarships of $2,500 each
to children of Fifth Third employees and matched $122,000 in
employees’ personal gifts to institutes of higher learning.
In 2006, grants from the Fifth Third Foundation, the George and
Betty Ann Schaefer Foundation and Fifth Third Bank provided
funding for a Veteran’s Day performance of the United States
Military Academy at West Point Cadet Gospel Choir at the National
Underground Railroad Freedom Center in Cincinnati. The event was
one part of day-long festivities to honor military veterans.
Fifth Third’s Community Development Corporation (CDC) invests in
low-income housing, historic tax credits and economic development
projects to support community revitalization in neighborhoods
throughout the Fifth Third footprint. In 2006, the CDC approached
a milestone — the lending of nearly $1 billion since its inception in
1989.
Our Community Affairs department identified 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 by providing
homebuyer training, credit counseling and college savings
programs, and through the creation of the Young Bankers Club,
a nationally recognized program that promotes financial literacy in
elementary schools across our footprint.
Supporting our communities.
2006 Employee & Corporate Giving
Over the past five years, Fifth Third
corporate and employee contributions
to the United Way have totaled
$50.1 million, including more than $9.6 million
contributed in 2006.
Community Giving
16