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Business Wire 18-Sep-2023 9:30 AM
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (NASDAQ:WSFS), announced it has provided grants to four organizations located in Delaware and Pennsylvania as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the third quarter by the WSFS CARES Foundation board, will support the following organizations:
"At WSFS, we envision a day when everyone will thrive," said Patrick J. Ward, Executive Vice President, Pennsylvania Market President at WSFS Bank and Chairman of the WSFS CARES Foundation. "This is a lofty ambition that we're working together with our Associates and Community partners to achieve. We congratulate these organizations on the grants they're receiving and look forward to working together to make an impact across our region."
"On behalf of the American Red Cross, I wish to express my gratitude to the WSFS CARES Foundation for their $25,000 grant in support of Delaware's first American Red Cross Blood Donation Site located on Concord Pike in Wilmington, Del.," said Theresa Young, Executive Director at the Red Cross serving the Delmarva Chapter. "The American Red Cross provides forty percent of the nation's blood supply. It is through partnerships such as WSFS and the trusted brand of the Red Cross that this site will help grow blood donors in Delaware and in turn help to save more lives. Our Delaware focus includes the need to grow more African American and Latino blood donors to help our sickle cell clients receive the best matches possible to ensure a higher quality of life."
"WSFS has been a tremendous partner for CCSA," said Chris Hanlon, Executive Director at CCSA. "The support of this grant will play a critical role in supporting our math intervention initiative that is aimed at preparing our students for a variety of rewarding careers when they graduate. Our school community is incredibly grateful to have WSFS as a partner who truly cares about the students we serve in Chester."
"New Leash is honored to partner with the WSFS CARES Foundation in investing in the extraordinary potential of justice-involved people and rescue dogs," said Marian V. Marchese, Founder & CEO of New Leash on Life USA. "With the support of the WSFS CARES Foundation, our human and canine participants can grow, learn, and succeed, which leads to a healthy, thriving community."
"As Philadelphia's economic development corporation, PIDC's mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of the city," said PIDC President Jodie Harris. "We're very grateful that this funding from the WSFS CARES Foundation will help support PIDC's small business lending and business support services, particularly for diverse business owners and entrepreneurs. This will help expand our ability to offer flexible, affordable capital in growing local businesses—the backbone of our economy that create jobs and help build wealth for entrepreneurs."
About the WSFS CARES Foundation
The WSFS CARES Foundation brings WSFS' mission of We Stand for Service® to life across the communities we serve. The mission of the WSFS CARES Foundation is to support qualified nonprofit service organizations within our regional footprint that are invested in improving communities, fostering a spirit of inclusion and diversity, and whose focus aligns with the WSFS CARES Foundation's transformational vision. For more information, please visit https://www.wsfsbank.com/about-us/community/wsfs-foundation.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally-headquarter headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of June 30, 2023, WSFS Financial Corporation had $20.4 billion in assets on its balance sheet and $67.9 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (59), Delaware (39), New Jersey (14), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.