Grants total more than $900,000 in Oregon and Washington,
including $100,000 match for State of Oregon’s stORytime program
PORTLAND, Ore.--(BUSINESS WIRE)--
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ), today
announced the Umpqua Bank Charitable Foundation’s first four grants with
commitments to organizations in Oregon and Washington State and an
education partnership with the State of Oregon.
The Umpqua Bank Charitable Foundation recognizes the integral connection
between educational success and economic prosperity. Through targeted
investments in organizations focused on children’s education and
wellbeing, the Foundation works to create economic opportunity for all
in the communities Umpqua Bank serves. It was initially funded with $10
million in April 2014 to demonstrate the company’s deep commitment to
the communities it serves as the West Coast’s largest community bank.
“As a community bank, Umpqua Bank’s commitment to investing in the
communities we serve runs deep – in fact, we believe we have an
obligation to give back in meaningful ways,” said Ray Davis, president
and CEO of Umpqua Bank. “Now, through the Foundation, we’ll be able to
take our commitment to a new level with larger, multi-year partnerships
that advance our ability to help make a difference in the lives of
children and families, and our communities’ economic wellbeing and
success long into the future.”
Oregon Education Partnership
Studies show that a child’s ability to read by 3rd grade is
one of the single-greatest predictors of lifelong success. In
partnership with the state of Oregon’s Literacy Campaign, stORytime, the
Umpqua Bank Charitable Foundation will match community book donations
with a goal of putting more than 80,000 books in the homes of families
in communities across Oregon. From October 1 through December 15, Umpqua
will match every book purchased by the community through the stORytime
website, up to $100,000. Donations can be made by going to
storytimeoregon.com/books or umpquabank.com, or by visiting any Oregon
Umpqua Bank store to learn more.
With its first four grants, the Umpqua Bank Charitable Foundation is
taking a lead role in four pivotal initiatives in Douglas County, Ore.,
and Spokane County, Wash.
Family Development Center
Through the Foundation’s $350,000 grant, Family Development Center will
be able to expand its services to serve an additional 75 at-risk
children across Douglas County. Family Development Center is focused on
providing child abuse and neglect intervention and prevention services
to extremely high-risk families. The organization delivers therapeutic
early childhood education, training and skill building to parents; and
meals, transportation and more for families with children 0-5 years old.
The intensive services provided to children at the Family Development
Center help ensure children arrive at school ready to learn, which is a
critical milestone in their development.
Children who are proficient readers by the end of third grade are four
times more likely to graduate from high school, better positioning them
for lifelong economic success. The Foundation’s $85,000 grant will allow
SMART to expand its reading support to PreK – third-grade students
across Douglas County with nine new school and Head Start sites to serve
an additional 220 children over a three-year period. In addition, SMART
will be able to hire new staff to increase volunteer efforts immediately.
Research has shown consistently that hungry children are at a distinct
disadvantage in school. Through the Foundation’s $300,000 grant, Second
Harvest will be launching a new program to ensure food security at three
low-income elementary schools in Spokane County. By combining access to
food over weekends, supplemental food distributions through mobile food
banks and in-class snacks, the goal is to positively impact academic
success for individual students and the school overall.
This unique program uses an innovative model to convene complementary
organizations, streamline and leverage existing resources and work
toward common outcomes. With the Umpqua Bank Charitable Foundation’s
grant of $120,000, Excelerate Success will implement strategies – both
broad-based, impacting the whole of the county, and targeted tactics
focused on three selected schools – to increase kindergarten readiness
in Spokane County. The program includes elements ranging from
distribution of books to creation of parent support networks.
Going forward, the Foundation will also fund Umpqua’s ongoing Community
Giving grants – typically between $2,500 and $10,000 – to organizations
focused on youth development and education, community development and
arts access. Grants are available to nonprofit organizations in Umpqua’s
five-state presence in California, Idaho, Northern Nevada, Oregon, and
Washington. Organizations can submit an application at www.umpquabank.com/communitygiving;
the company’s associate-led Community Giving team reviews and approves
In addition, Umpqua Bank also invests in the communities it serves
through its Connect Volunteer Network, which provides every Umpqua
associate with up to 40 hours of paid time off each year to volunteer.
Since the program’s inception, Umpqua associates have volunteered more
than 300,000 hours at organizations across the company’s footprint, with
more than 82% of all associates serving 43,000 hours in 2013 alone.
About Umpqua Bank Charitable Foundation
The Umpqua Bank Charitable Foundation recognizes the fundamental
connection between education and economic prosperity. It works to
strengthen the communities Umpqua Bank serves by investing in
organizations and initiatives that expand access to education and create
economic opportunity for children and families.
The Umpqua Bank Charitable Foundation was initially funded with $10
million in April 2014, and was formed to demonstrate the company’s deep
commitment to the communities it serves.
About Umpqua Bank
Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation, and has locations across Idaho, Washington,
Oregon, California and Northern Nevada. Umpqua Bank has been recognized
for its innovative customer experience and banking strategy by national
publications including The Wall Street Journal, The New York Times,
BusinessWeek, Fast Company and CNBC. The company has been recognized for
the past eight years in a row on FORTUNE magazine’s list of the
country’s “100 Best Companies to Work For,” and was recently named by
The Portland Business Journal the Most Admired Financial Services
Company in Oregon for the ninth consecutive year. In addition to its
retail banking presence, Umpqua Bank owns Financial Pacific Leasing,
Inc., a nationally recognized commercial finance company that provides
equipment leases to small businesses.
Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua
Investments, Inc., which offers services through Umpqua Bank stores and
in dedicated offices throughout Oregon. Umpqua’s Wealth Management
Division serves high net worth individuals and nonprofits by providing
customized financial solutions and offerings. Umpqua Holdings
Corporation is headquartered in Portland, Ore. For more information,
for Umpqua Bank
Tom Biro, 206-686-6420
Source: Umpqua Bank