Recently, the organizations Lift to Rise and the Coachella Valley Economic Partnership were each awarded $25,000 grants in support of their pandemic response efforts.
The grants are part of the U.S. Bank Foundation’s $30 million commitment to help with immediate and long term COVID-19 relief efforts and to address unmet needs in local markets across the country. To this end, U.S. Bank has committed $50,000 in support of two of Coachella Valley’s community organizations that are assisting businesses and residents most impacted by the economic repercussions of the pandemic. These grants are in addition to the nearly $100,000 investment that U.S. Bank previously awarded to nonprofits serving the Coachella Valley community in 2020.
“People are at the heart of everything we do at U.S. Bank, and we are grateful to be able to work together with the nonprofit organizations making a meaningful impact and bringing hope to the people of Coachella Valley,” said Jeff Lewis, U.S. Bank Consumer and Business Banking Senior Vice President for the Inland Empire.
The organization Lift to Rise will receive $25,000 to support low-income individuals and families across the Coachella Valley experiencing severe economic strain and housing insecurity as a result of the pandemic; while the Coachella Valley Economic Partnership (CVEP) will receive $25,000 to aid businesses owned by people of color to help find solutions for a wide range of complex problems amplified by the effects of COVID-19.
“Preserving our diverse-owned businesses is so important,” said Joe Wallace, CEO and President of the Coachella Valley Economic Partnership. “These businesses provide needed jobs, and they contribute to the overall character and productivity of our community. With the help of the U.S. Bank grant, CVEP will be able to increase its services to businesses in need by assisting them in building/rebuilding credit, accessing funding, and adjusting operations to reclaim or preserve their profitability under government restrictions.”
“From helping Coachella Valley residents to meet their basic needs such as food and shelter, to assisting the hardest hit struggling businesses, U.S. Bank thanks our nonprofit partners for making ‘Community Possible’ during this time of extraordinary uncertainty,” Lewis commented about the recipients.
“U.S. Bank’s generous contribution is helping to make our vast, region-wide COVID-19 response possible,” said Heather Vaikona, Lift to Rise President and CEO. “This type of support is critical to our ability to respond boldly and adapt to fast-changing economic insecurity during an unprecedented pandemic that has left so many of our neighbors out of work and struggling to pay for food and afford their rent.”
In addition to charitable funding, U.S. Bank team members have given their time, with employees in the Inland Empire donating close to 6,000 volunteer hours since the start of 2019. The U.S. Bank team’s involvement in the community also includes participation in 22 nonprofit boards throughout the region, as well as virtual financial literacy training and service events.