Wednesday, November 23, 2011

Bank of West Gives Back to the Community

Bank of West, one of the six highest-rated banks in the world, has more than $60 billion in assets and more than 700 banking locations in 19 states across America. Countless private individuals and small to large-scale businesses have entrusted money to this bank during its 135years of existence.

To give back to the community that strengthened its foundation, the Bank of West has pledged to support non-profit organizations that aim to improve the lives of low and average income individuals and communities. They also sponsor events that promote synergy and harmony in the neighborhoods and communities.

Charitable giving categories include civic and cultural, education and job training, health and human care, and community and economic development. Funding and investment requests are based on the non-profit organizations eligibility, as stipulated in the bank’s charitable giving criteria. To qualify, recipient organizations must serve the bank’s geographic areas, fit within their charitable giving categories, provide equal opportunities as an employer, be governed by a board of directors and have systematic administrative and financial operations.

As much as the bank would like to help all charitable organizations in every community, these standards must be implemented to maintain realistic goals for community development. Still, the Bank of West’s Charitable Investments Program makes every effort to assist all eligible non-profit organizations to the best of it's capability. They also celebrate the achievements of non-profit organizations by holding the annual Philanthropy Awards. This event showcases the excellence of these organizations in creating innovative solutions in the community.

In 2009, the Bank of West provided more than 2,000 grants to community organizations. In order to reach more organizations, the Bank of West introduced the online charitable grants system, which makes it easier for non-profit organizations to apply for charitable investments.

To this day, the Bank of West continues to make a difference by investing in non-profit organizations.

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