March 9. Truist Foundation donated $5 million to the American Red Cross to support the urgent humanitarian needs posed by extreme weather events across the U.S.

Truist Foundation, headquartered in Charlotte is the first corporate partner to commit such a gift in addition to its annual $1 million commitment to Red Cross Disaster Relief.

Truist Foundation’s investment will help the Red Cross grow and adapt its capacity to respond to natural disasters and accelerate its ability to prevent and alleviate hardships brought on by these urgent and increasing challenges. These new Red Cross initiatives aim to reduce the number of families falling into poverty after disasters, including the expansion of financial assistance to help those most in need bridge significant roadblocks to recovery and find solutions for safe and stable living environments.