US Bank 2005 Annual Report Download - page 18

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16 U.S. BANCORP
Arts &
Culture
Civic &
Community
Economic
Opportunity
Education
Foundation
Programs
18%
3%
22%
7%
27%
U.S. Bancorp Foundation
2005 Charitable Contributions
by Program Area
Health &
Human Services
23%
COMMUNITY DEVELOPMENT:
U.S. Bank connects our communities
with opportunities.Recently, U.S. Bank
provided community development loans totaling
almost $5.6 million for the construction and
permanent financing of Seniors on Broadway.
This new 42-unit affordable housing and
retail development is located adjacent to the
Chula Vista Learning Community Charter
School in San Diego County. The program
helps create a valuable link between seniors
and elementary school students through
literacy, technology, art, after-school programs
and other inter-generational activities. All
units in the complex are affordable to seniors
with incomes below 50% of the area median
income. Our nonprofit partner is MAAC Project,
a multi-purpose social service agency with a
successful 40-year history of serving various
communities throughout San Diego County.
U.S. Bancorp invests in our
communities through active
leadership, employee volunteerism,
and financial support. By helping to
build strong, vibrant communities,
we’re building a healthy marketplace
for our company and fostering
neighborhoods where businesses
succeed and people want to live
and work. We do this by investing
in affordable housing, economic
opportunity, education, arts and
culture, and community service
initiatives. By devoting time, talent
and money to projects, programs
and organizations focused on
invigorating our communities, we
provide residents and businesses
with access to opportunities that will
enable them to thrive and prosper.
U.S. Bancorp provides superior,
competitive products to every
customer we serve. In addition,
we help customers and businesses
overcome challenging financial
situations through customized
financial solutions. U.S. Bancorp
provides loans and investments to
help build, rehabilitate and finance
affordable housing units throughout
our corporate footprint.
U.S. Bancorp also helps communities
foster economic growth and revital-
ization by providing loans, grants
and investments to small businesses
and other entities in support of projects
and organizations designed to create
jobs and rehabilitate communities.
Through volunteer efforts,
U.S. Bancorp employees are
providing their expertise, time
and talents to help improve our
communities. The U.S. Bank
Development Network, comprised
of 50 geographically based
chapters, provides a forum
where our employees engage in
community service activities,
mentoring opportunities, charitable
fundraising drives and more. In
2005, U.S. Bancorp recognized
250 of our most exceptional
employee volunteers through the
U.S. Bank Five Star Volunteer
Award program. In addition
to recognition as outstanding
volunteers, winners were honored
through a $1,000 contribution to
their volunteer organizations.
Through the U.S. Bancorp Foundation,
we provide cash contributions to nonprofit
organizations in support of affordable
housing, economic opportunities, education
and artistic and cultural enrichment. In
2005, total charitable contributions from
the U.S. Bancorp Foundation exceeded
$21 million.