The board of directors of the North Carolina Community Foundation has announced a gift of $250,000 from Raleigh-headquartered First Citizens Bank for the North Carolina Healing Communities Fund, NCCF’s fund to benefit COVID-19 pandemic response across the state.
The gift will support the Fund in providing critical resources for nonprofit organizations in North Carolina that have been impacted severely by COVID‐19 through revenue loss and increased demand.
“Many nonprofits across North Carolina urgently need additional help to better serve people and families affected by the coronavirus outbreak,” said Peter Bristow, president of First Citizens Bank and an NCCF board member. “First Citizens is providing this gift to assist the organizations who can deliver aid to those most in need. The North Carolina Community Foundation is uniquely positioned and equipped to support these local nonprofits and make an immediate impact during these challenging times.”
The Fund’s focus will be to support nonprofits in marginalized communities that have been disproportionately affected by the virus and its economic impacts and have been underserved by other sources of financial assistance, specifically communities of lower wealth, communities of color, mostly rural communities and where English may not be the primary language.
“We are profoundly grateful to First Citizens Bank for their continued support,” said Jennifer Tolle Whiteside, NCCF CEO and president. “Now more than ever, our nonprofit community is stretched thin and the support of corporations like First Citizens ensures they are not alone in serving the needs of the community.”