U.S. Bank Donates $100,000 to Girls Inc. of Alameda County in Support of Youth Development in Oakland
OAKLAND, Calif.--(BUSINESS WIRE)-- U.S. Bank will make a charitable contribution of $100,000 to Girls Incorporated of Alameda County for the general operation of Simpson Center for Girls. Opening in July in downtown Oakland, the center will offer year-round academic achievement and skills building programs for girls ages 5 to 18 in the San Francisco East Bay.
"We're proud to support an organization that helps girls constantly improve and achieve their potential," said Michael Walker, market president for U.S. Bank. "When you invest time and resources into raising strong and smart young women, those young women invest in and enrich our communities. That's a great return on investment in our mind."
U.S. Bank has committed more than $5 million in tax credit equity financing through its subsidiary, U.S. Bancorp Community Development Corporation, in support of the organization's renovation of a historic building, which will become its regional headquarters. The new Simpson Center for Girls will be Alameda County's first and only resource center for girls and will allow the organization to increase the number of girls served in the region by 25 percent.
For the past 20 years, Girls Inc. of Alameda County has operated from a 13,500 square-foot building in San Leandro, which serves as both a program center for girls and a workplace for staff. In 2012, the nonprofit served over 7,000 girls and their families in Alameda County. However, the small and aging building has been a barrier to effectively responding to the increasing demand for the nonprofit's critical programs.
"Girls Incorporated of Alameda County has been creating ripples in the community, one girl at a time, since 1958," said Linda Boessenecker, CEO of Girls Inc. of Alameda County. "With U.S. Bank's support, we'll be able to continue to promote academic success, healthy lifestyles and self-confidence in girls, better positioning them for future success."
Last year, U.S. Bancorp Foundation also presented the organization a grant for its Eureka! Teen Leadership Program, which provide hands-on achievement opportunities in science, technology, engineering, math and college career preparation for 180 girls in the community.
U.S. Bank's support of Girls Inc. of Alameda County is representative of its larger commitment to the city of Oakland and the Bay Area. During 2012, U.S. Bank extended more than $223.2 million in community development loans and more than $59.9 million in investments throughout the Greater Bay area.
About Girls Incorporated of Alameda County
Girls Incorporated of Alameda County is one of 90 affiliates of the national Girls Inc., the country's leading voice for girls. Since 1958, Girls Inc. has responded to the unique needs of girls in underserved communities of San Francisco's East Bay through a continuum of academic achievement programs and counseling services. Programs challenge girls to explore their potential, develop life skills, ensure college and career success, and expand their sense of what is possible. With an innovative educational approach incorporating local needs into research-based curricula, Girls Inc. has established itself as the Bay Area's leading provider of supplemental education, reaching over 7,000 girls, family members and clients annually. For more information, visit girlsinc-alameda.org.
About U.S. Bancorp Community Development Corporation
With more than $10.9 billion in assets as of March 31, 2013, U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank, provides innovative financing solutions for community development projects across the country using state and federally sponsored tax credit programs. USBCDC's commitments provide capital investment to areas that need it the most and have contributed to the creation of new jobs, the rehabilitation of historic buildings, the construction of needed affordable and market-rate homes, the development of renewable energy facilities, and the generation of commercial economic activity in underserved communities. Visit USBCDC on the web at www.usbank.com/cdc.
About U.S. Bancorp
U.S. Bancorp (NYS: USB) , with $355 billion in assets as of March 31, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,056 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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