Fifth Third Bank 2007 Annual Report Download - page 18

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2007 Employee &
Corporate Giving
Over the past five years,
Fifth Third Bank’s corporate,
foundation and employee
contributions to the United
Way have totaled $50.3
million, including $9 million
contributed in 2007.
Community Giving
The
FoundationOfceatFifthThirdBank
administersgrantsonbehalfoftheFifth
ThirdFoundationandothercharitable
trustsandfoundationsforwhichthe
Bankservesastrusteeoragent.In2007,
theFifthThirdFoundationmade576
grantstotalingmorethan$4.3millionin
theareasofartsandculture,community
development,education,andhealthand
humanservices.TheFoundationfunded
17collegescholarshipsof$2,500eachto
childrenofFifthThirdBankemployees
andmatchedmorethan$118,400in
employees’personalgiftstoinstitutions
ofhighereducation.
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ourfootprint.
OurCommunityAffairsdepartment
workswiththeafliatesandlines
ofbusinesstopromotelending
anddevelopmentopportunitiesin
traditionallyunderservedmarkets,such
asethnicallydiverse,urbanandlow-to
moderate-incomecensustracts.This
groupalsochampionsnancialliteracy
byprovidinghomebuyertraining,credit
counselingandcollegesavingsprograms,
and,throughtheimplementationof
theYoungBankersClub,anationally
recognizedprogramthatpromotes
nancialliteracyinelementaryschools
acrossourfootprint.Sinceitsinception
inCincinnatiin2004,theYoungBankers
ClubhasexpandedtoColumbus,
Chicago,GrandRapids,Indianapolis
andWestVirginia.
In2007,retiredbusinessownerand
philanthropistJoanR.“Joni”Herschede
passedawaysuddenlyattheageof67.
JoniservedasamemberoftheFifth
ThirdBancorpboardofdirectorsfor
morethan16years.Shealsoservedon
theboard’sAuditandTrustcommittees
andwasamemberandmostrecentchair
oftheCharlotteR.SchmidlappFund,
forwhichtheBankservesastrustee.In
addition,shewasamemberoftheBank’s
CommunityAdvisoryForum,agroupof
Cincinnatibusinessleaderswhoprovide
adviceandinputtoFifthThirdBankon
issuesfacingGreaterCincinnati.
Joniwasacommunityadvocate,tireless
volunteerandgenerousphilanthropist.
Wewerethebeneciariesofher
guidance,counselandunwavering
commitmenttoFifthThird.Shewillbe
greatlymissed.
In Memoriam
Joan R. Herschede


peOple
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