Truist Awards $2.5 Million Grant to TechSoup COVID Recovery Fund
November 12, 2020 at 08:35 AM EST
Funding to underwrite nonprofit tech costs during COVID-19 pandemic and expand digital transformation efforts to move small nonprofits to the cloud
SAN FRANCISCO, November 12, 2020 /3BL Media/ – TechSoup, the leading nonprofit network provider of technology solutions to civil society organizations globally, today announced that it has received a $2.5 million grant from Truist Financial Corporation to support the TechSoup COVID Recovery Fund, a gap-filling funding measure that helps grassroots nonprofits make critical technology investments while continuing to serve the most vulnerable communities through the coronavirus crisis and into the future.
The grant, the largest one into the COVID Recovery Fund, is part of the financial services company’s Truist Cares initiative and will underwrite two critical initiatives at TechSoup—funding the costs for nonprofits to acquire remote-work technology tools, training and services, and helping organizations overcome challenges to adopting cloud-based solutions. The grant will serve smaller nonprofits with annual budgets under $2.5 million in 15 states where Truist operates. Truist Cares is a cooperative effort between Truist Financial Corporation, Truist Foundation, Inc., and Truist Charitable Fund to provide communities, organizations and individuals disaster relief and assistance during the COVID-19 crisis.
“The COVID-19 pandemic continues to have a devastating impact on nonprofits that deliver essential services to millions in need across the U.S.,” said Lynette Bell, president of the Truist Foundation. “We’re thrilled to support TechSoup in getting the tools and resources into the hands of front-line nonprofits to help them inspire and build better lives and communities.”
“The pandemic has laid bare the critical need for nonprofits to rapidly make technology decisions necessary to navigate this crisis,” added Marnie Webb, chief community impact officer for TechSoup. “Truist is making an investment in its communities that will have a lasting impact, ensuring that nonprofits successfully implement technology systems that allow them to deliver their services with greater impact while leveraging data for both their own and collective decision-making and deliberative processes.”
The grant is expected to help more than 1,000 nonprofits access critical remote-work tools such as Zoom, Microsoft 365, Box, DocuSign, Asana and BitDefender. It will also help about 150 other nonprofits to secure their communications and operations, upgrade hardware and fill technology gaps as they migrate operations to the cloud. For nonprofits interested in learning more about the TechSoup COVID Recovery Fund, click here.
Among the nonprofits that are already benefitting from the Truist Cares grant:
Truist joins several companies, including VMware and Microsoft, and foundations like the Funders 2025 Fund that have donated to the fund. Organizations or individuals interested in helping grassroots nonprofits continue serving our most vulnerable communities through the crisis can find more information here.
About Truist Foundation
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KEYWORDS: Truist, tech soup, Truist Cares, COVID-19, coronavirus, pandemic, Digital Divide