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Truist Foundation, the philanthropic arm of Truist Financial Corp. (NYSE: TFC), has pledged $500,000 to support relief and recovery efforts for communities across the Florida Gulf Coast and Southeastern Seaboard impacted by Hurricane Idalia, which made landfall earlier today as a Category 3 storm.

The funding will be dispersed between the American Red Cross, Center for Disaster Philanthropy and United Way. This grant is in addition to the $1 million Truist Foundation previously donated to the American Red Cross Annual Disaster Giving Program earlier this year.

“We stand ready to support our teammates, clients and communities who may be impacted by this storm,” said Lynette Bell, president of Truist Foundation. “Truist Foundation is committed to working with our disaster partners to address critical housing, health and hunger-related needs that arise. Our goal is for our investment to provide aid at a time of need to help lessen the impact of this potentially devastating storm.”

“While the full impact of Hurricane Idalia is unknown, we recognize that supporting relief efforts in advance is one way we can demonstrate our care for our teammates, clients and the communities we serve,” added Tony Coley, group regional president for Truist. “Through our financial commitment and partnerships, Truist will be there to help our neighbors rebuild as quickly as possible while living out our purpose to inspire and build better lives and communities.”

Photo of Hurricane Idalia’s storm surge in Tampa by Andrew Heneen / Wikimedia Commons