Tag: 3BL

GRI is calling on all stakeholders in North America to participate in a crucial initiative: revising and strengthening its Labor Topic Standards. In particular, we are seeking feedback on redrafted versions of the following:

GRI 402: Labor/Management RelationsGRI 401: EmploymentGRI 202: Market Presence

These Standards guide companies on how to transparently report their impacts on workers while prioritizing their well-being, a critical aspect of responsible business practices.

Human Rights at the Core:

Building on the success of the Topic Standards Project for Human Rights, GRI is taking a human rights-based approach to the Labor Standards revision. This ensures companies are held accountable for their impact on workers’ rights and well-being.

Your Voice Matters:

The first phase of the revision focuses on “Employment practices and conditions.” Here’s how you can get involved:

Review the exposure drafts: they propose the updated guidelines for worker remuneration, working time, and significant changes in the workplace. You can find them on the GRI website. GRI Website – Exposure Drafts.Provide feedback: your insights are valuable! The exposure drafts for the first phase are made available for public comment between 10th June to 4th October 2024. Share your thoughts through online surveys.Attend a free webinar: join a live Q&A session on June 20th or 25th to learn more and ask questions. Register for the webinar below.

Why This Matters:

Transparency in labor practices is essential for building trust and ensuring a sustainable future. By participating, you can help shape how companies report on critical issues like fair wages, safe working conditions, and worker rights.

Join Us in Shaping the Future of Labor Standards

To facilitate a deeper understanding of the exposure drafts, GRI will host free global Q&A webinars in June. Registration is open for the following sessions:

June 20, 2024, 17:00 – 18:00 CEST: this webinar will be conducted in English, with simultaneous interpretation in Spanish and Portuguese. Register here.June 25, 2024, 09:00 – 10:00 CEST: this webinar will be conducted in English. Register here.

GRI is dedicated to advancing sustainable business practices through comprehensive reporting standards. We value the input of our stakeholders and encourage them to provide their feedback during this crucial public exposure period.

For more information, please visit GRI’s website or contact Machado@GlobalReporting.Org

GRI is calling on all stakeholders in North America to participate in a crucial initiative: revising and strengthening its Labor Topic Standards. In particular, we are seeking feedback on redrafted versions of the following:

GRI 402: Labor/Management RelationsGRI 401: EmploymentGRI 202: Market Presence

These Standards guide companies on how to transparently report their impacts on workers while prioritizing their well-being, a critical aspect of responsible business practices.

Human Rights at the Core:

Building on the success of the Topic Standards Project for Human Rights, GRI is taking a human rights-based approach to the Labor Standards revision. This ensures companies are held accountable for their impact on workers’ rights and well-being.

Your Voice Matters:

The first phase of the revision focuses on “Employment practices and conditions.” Here’s how you can get involved:

Review the exposure drafts: they propose the updated guidelines for worker remuneration, working time, and significant changes in the workplace. You can find them on the GRI website. GRI Website – Exposure Drafts.Provide feedback: your insights are valuable! The exposure drafts for the first phase are made available for public comment between 10th June to 4th October 2024. Share your thoughts through online surveys.Attend a free webinar: join a live Q&A session on June 20th or 25th to learn more and ask questions. Register for the webinar below.

Why This Matters:

Transparency in labor practices is essential for building trust and ensuring a sustainable future. By participating, you can help shape how companies report on critical issues like fair wages, safe working conditions, and worker rights.

Join Us in Shaping the Future of Labor Standards

To facilitate a deeper understanding of the exposure drafts, GRI will host free global Q&A webinars in June. Registration is open for the following sessions:

June 20, 2024, 17:00 – 18:00 CEST: this webinar will be conducted in English, with simultaneous interpretation in Spanish and Portuguese. Register here.June 25, 2024, 09:00 – 10:00 CEST: this webinar will be conducted in English. Register here.

GRI is dedicated to advancing sustainable business practices through comprehensive reporting standards. We value the input of our stakeholders and encourage them to provide their feedback during this crucial public exposure period.

For more information, please visit GRI’s website or contact Machado@GlobalReporting.Org

BELLEVUE, Wash., June 14, 2024 /3BL/ – T-Mobile (NASDAQ: TMUS) announced donations totaling $50,000 to five nonprofit organizations in Denver and Colorado Springs, Colo. that are making a difference in their communities. Care and Share Food Bank for Southern Colorado, Children’s Hospital Colorado, Heartspace Kids, Hero’s Puppy for Life and MaxFund Animal Adoption Center will each receive $10,000 to support their vital programs and initiatives.

T-Mobile employees in the Mountain Plains area of Colorado chose the organizations as recipients of the Difference Maker Award — a quarterly recognition program the Un-carrier started last year to recognize top-ranked employees in business performance areas across the company. As part of the initiative, employees presented checks to the charities and participated in a day of service.

“The Difference Maker Award goes beyond recognition — it’s about celebrating our employees and giving them the power to make a real difference,” said Jon Freier, President, T-Mobile Consumer Group. “As we cheer on our Mountain Plains teammates for their incredible efforts, we’ve also reached a significant contribution of $250,000 in charitable donations since launching the program, enhancing our commitment to creating positive change in communities nationwide.”

Here’s a closer look at how each organization is making a difference.

Care and Share Foodbank for Southern Colorado – Provides food, partnering opportunities and education to fight hunger and food insecurity in Southern Colorado communities.Children’s Hospital Colorado – As the nation’s largest and most expansive nonprofit pediatric healthcare systems, the organization is on a mission to improve the health of children through patient care, education, research and advocacy, providing innovative and ground-breaking treatments to its patients.Heartspace Kids – Provides access to essential mental health care and critical educational resources to empower children in need and their families to live happy, healthy and productive lives.Hero’s Puppy for Life Organization – Purchases and places a puppy with a U.S. military veteran or emergency first responder living with PTSD. Nine months of training together creates an unbreakable bond based on unconditional love and trust, forming a relationship of mutual concern for the safety, health and well-being of each other, and an ADA-Compliant Service Dog.MaxFund – Since 1988, the largest no-kill shelter in Colorado has provided shelter and medical care to thousands of animals each year, working to find them forever homes, and offering a low-cost medical clinic for the community.

Learn more about previous Difference Maker Award recipients and their selected nonprofits here and here.

T-Mobile’s Ongoing Commitment to Colorado

These donations underscore T-Mobile’s ongoing commitment to making a difference in communities across Colorado. Other investments include the Un-carrier’s Hometown Grants program, which provides funding to small towns each year for city beautification projects, public improvements and more. Since launching the five-year program in 2021, two Colorado towns – Montrose and Strasburg – have received a total of $100,000. In addition, T-Mobile has awarded funds to small businesses through Hometown Grants. Since inception, more than $1 million has been allocated to fuel small business projects like revitalizing farmers’ markets, supporting business incubators and making improvements to city main streets.

In addition, Project 10Million is T-Mobile’s $10.7 billion initiative aimed at helping close the digital divide in education by offering internet connectivity and mobile hotspots to up to 10 million eligible student households across the U.S. Through T-Mobile’s education programs, the company has connected over 50,000 students in Colorado and is also offering school districts free and heavily subsidized data plans, as well as access to affordable laptops and tablets. As of the end of 2023, T-Mobile has provided over $6.4 billion in products and services and connected nearly six million students across the U.S. through Project 10Million and other education initiatives.

Follow @TMobileNews on X, formerly known as Twitter, to stay up to date with the latest company news.

###

About T-Mobile

T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information please visit: https://www.t-mobile.com

Media Contact 
T-Mobile US, Inc. Media Relations 
MediaRelations@t-mobile.com

Investor Relations Contact 
T-Mobile US, Inc. 
Investor.Relations@t-mobile.com 
https://investor.t-mobile.com

This quarterly newsletter showcases how Truist Foundation supports Truist Financial Corporation’s purpose to inspire and build better lives and communities through strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Click here to sign up to receive the newsletter via email.

The results are in…

In April, our 2024 Inspire Awards program came to an exciting end as Greg Olsen hosted the Truist Foundation Inspire Awards show. We heard pitches from our seven incredible finalists and announced the first-place, second-place, and Audience Favorite grant recipients.

We’re so proud of the growth we’ve seen from all seven of the finalists after participating in our six-month wraparound development program and couldn’t be happier for our first-place and Audience Favorite grant recipient, Centro Community Partners, and our second-place grant recipient, Immigrants Rising.
Watch the recap video 
Learn about the finalists 

Inspiring Conversations

Hear from Truist Foundation President Lynette Bell and MIT Solve Executive Director Hala Hanna about how they came together for the Inspire Awards.
Listen to the podcast 

Intentionality in grantmaking

Lynette Bell co-chaired and presented at this year’s AFN conference where leaders from across the country convened to advance economic equity.
Read her post 

Thank you, board members.

We inspire and build better lives and communities every day, but we couldn’t do it without our incredible board members. Thank you!
Meet our board

MEMPHIS, Tenn., June 14, 2024 /3BL/ – FedEx Corp. (NYSE: FDX) unveiled the recipients of the 12th annual FedEx Small Business Grants Program. Ten U.S.-based businesses were chosen this year out of over 3,900 applications.

Grand Prize Recipient:

$50,000

· Bombi (Greenville, RI)

Nine Additional Recipients:

$20,000 each,

· Better Boba (Portland, OR)

· Bundle x Joy (Phoenix, AZ)

· Erie Cotton (Erie, PA)

· Jasper Yeast (Sterling, VA)

· Locsanity (Coral Springs, FL)

· Madhu Chocolate (Austin, TX)

· Marky Sparky Toys (Vista, CA)

· Tandem Drums (Novato, CA)

· YALA (Ashland, OR)

“At FedEx, we are dedicated to empowering our small and medium-sized business owners and equipping them with impactful resources for success,” said Aimee DiCicco, Senior Vice President Customer Engagement Marketing & Retail Channel Solutions, FedEx. “We’re thrilled to showcase these amazing entrepreneurs and are committed to helping their businesses thrive and grow.”

All grant recipients also receive a $500 print credit at FedEx Office, a $300 voucher from My FedEx Rewards, access to FedEx Premier Customer Care, a packaging consultation from the FedEx Packaging Lab, a digital and technology consultation from the FedEx Digital Sales Solutions team, an invite to attend a Small Business Strategic Insights Forum, and a feature on the FedEx Small Business Center.

“We are incredibly honored to be named the grand prize recipient of this year’s FedEx Grant Program,” said Co-Founder and Chief Marketing Officer, Kelsey Nolan, Bombi. “As a small business, winning this FedEx grant is a powerful validation of our commitment to sustainability and innovation and we are beyond grateful for the support it provides. With the ongoing partnership of FedEx, we look forward to continuing to offer parents best in class products for their everyday adventures while protecting the planet for future generations.”

Over the past twelve years, nearly 80,000 businesses have applied to the program in the United States alone. FedEx has awarded more than $2 million total in grant money and printing credits combined since the program’s inception.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

SMALL BUSINESS

MEMPHIS, Tenn., June 14, 2024 /3BL/ – FedEx Corp. (NYSE: FDX) unveiled the recipients of the 12th annual FedEx Small Business Grants Program. Ten U.S.-based businesses were chosen this year out of over 3,900 applications.

Grand Prize Recipient:

$50,000

· Bombi (Greenville, RI)

Nine Additional Recipients:

$20,000 each,

· Better Boba (Portland, OR)

· Bundle x Joy (Phoenix, AZ)

· Erie Cotton (Erie, PA)

· Jasper Yeast (Sterling, VA)

· Locsanity (Coral Springs, FL)

· Madhu Chocolate (Austin, TX)

· Marky Sparky Toys (Vista, CA)

· Tandem Drums (Novato, CA)

· YALA (Ashland, OR)

“At FedEx, we are dedicated to empowering our small and medium-sized business owners and equipping them with impactful resources for success,” said Aimee DiCicco, Senior Vice President Customer Engagement Marketing & Retail Channel Solutions, FedEx. “We’re thrilled to showcase these amazing entrepreneurs and are committed to helping their businesses thrive and grow.”

All grant recipients also receive a $500 print credit at FedEx Office, a $300 voucher from My FedEx Rewards, access to FedEx Premier Customer Care, a packaging consultation from the FedEx Packaging Lab, a digital and technology consultation from the FedEx Digital Sales Solutions team, an invite to attend a Small Business Strategic Insights Forum, and a feature on the FedEx Small Business Center.

“We are incredibly honored to be named the grand prize recipient of this year’s FedEx Grant Program,” said Co-Founder and Chief Marketing Officer, Kelsey Nolan, Bombi. “As a small business, winning this FedEx grant is a powerful validation of our commitment to sustainability and innovation and we are beyond grateful for the support it provides. With the ongoing partnership of FedEx, we look forward to continuing to offer parents best in class products for their everyday adventures while protecting the planet for future generations.”

Over the past twelve years, nearly 80,000 businesses have applied to the program in the United States alone. FedEx has awarded more than $2 million total in grant money and printing credits combined since the program’s inception.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

SMALL BUSINESS

The Consumer Goods Forum’s Sustainable Supply Chain Initiative (SSCI) is proud to announce its active participation in the European Marketing Distribution (EMD) member sustainability meeting held on Tuesday, 28 May, in Amsterdam. This engagement underscores SSCI’s unwavering commitment to fostering a global dialogue on sustainability standards and practices.

EMD is the leading European retail alliance of independent retailers, boasting 14 members and partners covering 250 grocery retail chains across 21 countries. Additionally, EMD is a member of SSCI, with Elles de Jonge-Bosch, Manager Quality and Sustainability for EMD, serving as Co-Chair. This strong partnership exemplifies the commitment of EMD to advancing sustainability standards in the retail sector.

Elles de Jonge-Bosch, Manager Quality and Sustainability for EMD, said “We are excited that Luiza could brief the EMD member sustainability managers in person on the progress made so far on social schemes and about what can be expected in terms of the environmental benchmark. A better understanding of the benchmark status and involved schemes will help our members to also address SSCI in the direct conversations they have with suppliers and certification bodies. EMD already informs all suppliers through our Sourcing Code of Conduct that we prefer SSCI recognised certification. The more opportunities we seize to spread the word on SSCI, the more schemes we can motivate to get SSCI benchmarked and recognised”.

During the meeting, Luiza Reguse, Senior Manager for SSCI, delivered an insightful presentation on SSCI’s goals and vision. Emphasising the initiative’s value to the retail sector, she drew parallels with the success of the Global Food Safety Initiative (GFSI), showcasing the tangible benefits SSCI offers to its members.

Several points were highlighted in demonstration of how SSCI members actively contribute to and benefit from the initiative:

Proposing Schemes for Benchmarking: Members can submit their schemes for SSCI benchmarking.Requesting SSCI Recognition for Suppliers: Members encourage their suppliers to seek SSCI recognition.Advocating for SSCI Benchmarks: Members promote SSCI benchmarks in schemes where they have direct influence.Participating in Public Consultations: Members share feedback, helping to shape and refine SSCI standards.

Attendees were updated on the progress of schemes in the SSCI’s benchmarking journey, detailing which ones have been recognised and those currently undergoing evaluation. This transparency ensures that stakeholders are well-informed about the standards that drive sustainable practices within the supply chain.

Luiza also announced the development of a new benchmark for environmental sustainability, set to be introduced via a webinar on 20 June. This upcoming event will allow industry stakeholders to access the new criteria and apply for benchmarking against this expanded scope, furthering SSCI’s mission to integrate comprehensive sustainability standards.

The meeting concluded with discussions on the next steps, as EMD members expressed keen interest in understanding how SSCI defines its criteria and engages with target schemes.

SSCI is thankful to have the opportunity to engage with EMD member retailers participating in the sustainability meeting including Dagab (Axfood), Dagrofa, Markant, Superunie, Colruyt, Euromadi, Selex, Martin & Severa (Foodservice), and Unil.

A follow-up meeting is planned to delve deeper into these topics, continuing the collaborative efforts to enhance sustainability across the supply chain.

The SSCI remains dedicated to being a cornerstone of sustainability standards, driving continuous improvement and fostering global collaboration. To find out more about the SSCI and work with us, visit our website and sign up to receive news and updates.

The Consumer Goods Forum’s Sustainable Supply Chain Initiative (SSCI) is proud to announce its active participation in the European Marketing Distribution (EMD) member sustainability meeting held on Tuesday, 28 May, in Amsterdam. This engagement underscores SSCI’s unwavering commitment to fostering a global dialogue on sustainability standards and practices.

EMD is the leading European retail alliance of independent retailers, boasting 14 members and partners covering 250 grocery retail chains across 21 countries. Additionally, EMD is a member of SSCI, with Elles de Jonge-Bosch, Manager Quality and Sustainability for EMD, serving as Co-Chair. This strong partnership exemplifies the commitment of EMD to advancing sustainability standards in the retail sector.

Elles de Jonge-Bosch, Manager Quality and Sustainability for EMD, said “We are excited that Luiza could brief the EMD member sustainability managers in person on the progress made so far on social schemes and about what can be expected in terms of the environmental benchmark. A better understanding of the benchmark status and involved schemes will help our members to also address SSCI in the direct conversations they have with suppliers and certification bodies. EMD already informs all suppliers through our Sourcing Code of Conduct that we prefer SSCI recognised certification. The more opportunities we seize to spread the word on SSCI, the more schemes we can motivate to get SSCI benchmarked and recognised”.

During the meeting, Luiza Reguse, Senior Manager for SSCI, delivered an insightful presentation on SSCI’s goals and vision. Emphasising the initiative’s value to the retail sector, she drew parallels with the success of the Global Food Safety Initiative (GFSI), showcasing the tangible benefits SSCI offers to its members.

Several points were highlighted in demonstration of how SSCI members actively contribute to and benefit from the initiative:

Proposing Schemes for Benchmarking: Members can submit their schemes for SSCI benchmarking.Requesting SSCI Recognition for Suppliers: Members encourage their suppliers to seek SSCI recognition.Advocating for SSCI Benchmarks: Members promote SSCI benchmarks in schemes where they have direct influence.Participating in Public Consultations: Members share feedback, helping to shape and refine SSCI standards.

Attendees were updated on the progress of schemes in the SSCI’s benchmarking journey, detailing which ones have been recognised and those currently undergoing evaluation. This transparency ensures that stakeholders are well-informed about the standards that drive sustainable practices within the supply chain.

Luiza also announced the development of a new benchmark for environmental sustainability, set to be introduced via a webinar on 20 June. This upcoming event will allow industry stakeholders to access the new criteria and apply for benchmarking against this expanded scope, furthering SSCI’s mission to integrate comprehensive sustainability standards.

The meeting concluded with discussions on the next steps, as EMD members expressed keen interest in understanding how SSCI defines its criteria and engages with target schemes.

SSCI is thankful to have the opportunity to engage with EMD member retailers participating in the sustainability meeting including Dagab (Axfood), Dagrofa, Markant, Superunie, Colruyt, Euromadi, Selex, Martin & Severa (Foodservice), and Unil.

A follow-up meeting is planned to delve deeper into these topics, continuing the collaborative efforts to enhance sustainability across the supply chain.

The SSCI remains dedicated to being a cornerstone of sustainability standards, driving continuous improvement and fostering global collaboration. To find out more about the SSCI and work with us, visit our website and sign up to receive news and updates.

By Dana Obrist

We all want to be remembered for our time on this Earth. Creating a lasting legacy gives us the ability to continue to make an impact even after we are gone.

Imagine a trust, set up more than five decades ago and funded with approximately $2 million with the intent of helping those struggling with food insecurity, housing insecurity and domestic abuse. Managed well and having already provided more than $40 million in grants to nonprofits, that initial $2 million investment is worth around $40 million today.

Imagine the lives improved by the ongoing good will of a life well lived – and a commitment to giving back that will continue to enrich the lives of others for decades to come.

“Designed to help high-net worth individuals and families, private foundations and nonprofit organizations build a legacy of giving, our Philanthropic Solutions group brings together Regions’ depth of experience in charitable giving, nonprofit administration, and investment leadership,” noted Marcie Braswell, Regions Philanthropic Solutions executive.

Braswell, recently named to lead Regions Philanthropic Solutions, has been part of establishing the giving stories for individuals, families, and nonprofits for more than a decade. And Regions has been in the business of helping create giving legacies for more than 75 years.

In fact, with the help of Regions Wealth Management team, more than 300 private foundation accounts have poured hundreds of millions in grants into communities throughout the bank’s 15-state footprint and beyond.

The Impact of Private Foundations

“It is so rewarding to sit down with a client who has the desire and means to give money to support the causes closest to their hearts,” said Braswell. “From zoos, educational institutions, and religious organizations to community organizations reaching the elderly, homeless and food deserts – knowing the long-term desires of clients wanting to help make life better is incredibly impactful.”

When Braswell and her team sit down with clients seeking to create a private foundation, the initial goal is to really understand the mission or legacy that the individual or family is seeking to create. There is significant flexibility in terms of defining the impact.

It is so rewarding to sit down with a client who has the desire and means to give money to support the causes closest to their hearts.

A private foundation is an independent entity that does not qualify as a public charity. This is because private foundations receive funds from limited sources – typically a single individual, family or corporation – as opposed to receiving funds from the public.

“There is a limited number of parties involved with funding a private foundation so there can be greater scrutiny for certain asset classes used for funding as they relate to the contributor,” noted Jeff Winick, Private Wealth Management senior wealth strategist in Birmingham.

Creating a Private Foundation: A Few Things to Consider

From where to focus the giving to who will be involved, Braswell recommends thinking about the following as you consider creating a private foundation.

Do you want the foundation to have a specific focus, such as education or healthcare, or do you want it to be much broader?Do you want the impact area to be limited in terms of geography?Do you want to engage your family? For instance, would you like to include your grandchildren in a next-generation committee?Would you like for the board/committee to include local community leaders?How would you like future board/committee members to be selected?

From tax benefits to greater flexibility and control, a private foundation allows for family involvement and the lasting benefits of leaving a family legacy. Bringing children and grandchildren into the conversations about family philanthropy is a great step in financial education.

“The role of Philanthropic Solutions is to guide our clients in establishing the right charitable vehicle to achieve their goals, managing the assets to create that lasting legacy, and helping our clients tell their story – now and for decades to come,” Braswell shared.

By Dana Obrist

We all want to be remembered for our time on this Earth. Creating a lasting legacy gives us the ability to continue to make an impact even after we are gone.

Imagine a trust, set up more than five decades ago and funded with approximately $2 million with the intent of helping those struggling with food insecurity, housing insecurity and domestic abuse. Managed well and having already provided more than $40 million in grants to nonprofits, that initial $2 million investment is worth around $40 million today.

Imagine the lives improved by the ongoing good will of a life well lived – and a commitment to giving back that will continue to enrich the lives of others for decades to come.

“Designed to help high-net worth individuals and families, private foundations and nonprofit organizations build a legacy of giving, our Philanthropic Solutions group brings together Regions’ depth of experience in charitable giving, nonprofit administration, and investment leadership,” noted Marcie Braswell, Regions Philanthropic Solutions executive.

Braswell, recently named to lead Regions Philanthropic Solutions, has been part of establishing the giving stories for individuals, families, and nonprofits for more than a decade. And Regions has been in the business of helping create giving legacies for more than 75 years.

In fact, with the help of Regions Wealth Management team, more than 300 private foundation accounts have poured hundreds of millions in grants into communities throughout the bank’s 15-state footprint and beyond.

The Impact of Private Foundations

“It is so rewarding to sit down with a client who has the desire and means to give money to support the causes closest to their hearts,” said Braswell. “From zoos, educational institutions, and religious organizations to community organizations reaching the elderly, homeless and food deserts – knowing the long-term desires of clients wanting to help make life better is incredibly impactful.”

When Braswell and her team sit down with clients seeking to create a private foundation, the initial goal is to really understand the mission or legacy that the individual or family is seeking to create. There is significant flexibility in terms of defining the impact.

It is so rewarding to sit down with a client who has the desire and means to give money to support the causes closest to their hearts.

A private foundation is an independent entity that does not qualify as a public charity. This is because private foundations receive funds from limited sources – typically a single individual, family or corporation – as opposed to receiving funds from the public.

“There is a limited number of parties involved with funding a private foundation so there can be greater scrutiny for certain asset classes used for funding as they relate to the contributor,” noted Jeff Winick, Private Wealth Management senior wealth strategist in Birmingham.

Creating a Private Foundation: A Few Things to Consider

From where to focus the giving to who will be involved, Braswell recommends thinking about the following as you consider creating a private foundation.

Do you want the foundation to have a specific focus, such as education or healthcare, or do you want it to be much broader?Do you want the impact area to be limited in terms of geography?Do you want to engage your family? For instance, would you like to include your grandchildren in a next-generation committee?Would you like for the board/committee to include local community leaders?How would you like future board/committee members to be selected?

From tax benefits to greater flexibility and control, a private foundation allows for family involvement and the lasting benefits of leaving a family legacy. Bringing children and grandchildren into the conversations about family philanthropy is a great step in financial education.

“The role of Philanthropic Solutions is to guide our clients in establishing the right charitable vehicle to achieve their goals, managing the assets to create that lasting legacy, and helping our clients tell their story – now and for decades to come,” Braswell shared.