Comerica Bank and Comerica Charitable Foundation donate nearly $ 240,000 to Michigan community initiatives to complete $ 4.3 million in community contributions and investments in 2020


DETROIT, January 8, 2021 / PRNewswire / – Comerica Bank and Comerica Charitable Foundation today announced contributions of nearly $ 240,000 to 11 nonprofits to support food security, education initiatives, health and social services, and awareness of COVID-19 relief in Michigan. These latest contributions bring total 2020 funding, community contributions and investments in Michigan To $ 4.3 million specifically for the recovery of communities and small businesses amid the COVID-19 pandemic.

“The Comerica recognizes the impact the pandemic has had on our communities – from food security to education,” said Mike ritchie, Market President of Comerica Bank Michigan. “Our support aims to help that of Michigan recovery by supporting essential resource programs right here in our neighborhoods. The stability of our communities is vital as we look to the future, and Comerica will continue to support statewide until recovery is achieved. “

This last round of funding ($ 240,000) was directly provided to nine state community partners and two national philanthropic organizations impacting individuals in Michigan, comprising:

  1. All Saints Soup & Pantry
  2. Alternatives for girls
  3. Beyond the essential
  4. Citadel Community Development Corporation
  5. Cass community Social services
  6. Alliance House
  7. Children’s food basket (Grand Rapids, Michigan.)
  8. Pope Francis Center
  9. The Master’s Commission (Greater Grace Temple)
  10. National College Resources Foundation
  11. National CARES Mentorship Movement

“Investing in our community partners by supporting efforts such as COVID aid, education, food security, and health and human services is crucial as our communities continue to struggle,” said Linda Nosegbé, director of external affairs for Comerica Bank in southeast Michigan. “These partnerships are becoming essential to support programs and outreach efforts that have a positive impact on the lives of individuals and families.”

COVID RESCUE ASSISTANCE

The Master Commission: Comerica Charitable Foundation contributed $ 40,000 at the Master’s Commission, a non-profit initiative of the Greater Grace Temple in Detroit, to help with COVID relief efforts as well as provide resources to many Detroit shelters to fight against food insecurity.

“Greater Grace Temple (The City of David) has enjoyed over the years a very friendly relationship with Comerica Bank which has extended well beyond a financial partnership,” said Bishop. Charles H. Ellis III, Senior Pastor of the Greater Grace Temple and Chairman of the Master’s Commission. “For more than a decade, Comerica’s financial support to our church’s outreach arm (the Teachers’ Commission) has enabled us to provide education, housing, life skills and other programs beneficial to a community. vast impoverished community. This year, Comerica’s COVID-19 financial aid helped our Teacher’s Commission to provide winter coats for hundreds of school-aged children as well as essential food and household items. their families.”

The partnership helped provide nearly 1,000 winter coats distributed to the Greater Grace Temple on December 26 and help deliver food to nearly 16 shelters around the city.

Alternatives for girls: AFG, an organization that helps homeless and high-risk girls and women through resource programs, received funding to help the organization meet the intensified basic needs of girls and young women homeless and young pregnant and parenting. This includes underage children who are in the care of their young mothers due to the health and economic crisis caused by COVID-19.

Citadel Community Development Corporation: Comerica’s partnership helped with the distribution by organizing COVID-19 first aid care kits on 22 december which included cleaning products, face masks and more to help Detroit residents during the holidays.

FOOD SAFETY

Comerica Bank donated $ 40,000 in pantries and homeless shelters Detroit, as well as more $ 7,000 in Grand Rapids. In an effort to have an additional impact on food security, especially during this time of great need, Comerica’s contributions help various community partners, including: All Saints Soup, Cass community Social Services, Covenant House, Pope Francis Center, Children’s Food Basket (Grand Rapids, Michigan.)

This is in addition to the community contributions that Comerica has made to organizations that help meet food security needs, including a $ 100,000 donation to Capucin Soup Kitchen which was announced in November.

SUPPORT FOR EDUCATION AND HEALTH AND HUMAN SERVICES

2018 Comerica Detroit Lions First Down grant recipient, Beyond the essential will receive $ 25,000 to help two of the organization’s initiatives, including its family literacy program and Beyond Basics’ food insecurity aid. The funds will help strengthen the literacy of children and parents while helping to close the food security gap for program beneficiaries.

Founded in 2002, the non-profit organization offers private lessons and individual reading lessons to students with Detroit Public schools. Students who work with the group also have access to free books and other additional programs to improve their reading, writing and art.

Partnerships with two national community organizations dedicated to meeting education, health and social service needs, the National College Resource Foundation and the National CARES Mentoring Movement, were funded by the Comerica Charitable Foundation. National partnerships have resulted in a $ 100,000 investment in Michigan– based programming, each organization dedicating $ 50,000 state student aid programs.

National College Resource Foundation: The NCRF creates programs and initiatives to provide guidance, resources, information, and pipelines for students to pursue positive post-secondary education. The mission of the NCRF is to reduce the high school dropout rate and increase enrollment for diplomas and / or certificates among under-served and under-represented students.

Contributions from the Comerica Charitable Foundation will help NCRF-supported students who face homelessness and food insecurity in addition to student struggles they face to earn degrees or certificates.

National CARES Mentorship Movement: The Community Galvanization Movement, which improves and protects the health and well-being of low- and moderate-income individuals and families, is dedicated to reducing intergenerational poverty among African Americans. The movement provides children from low-income families and unstable communities with the social, emotional and academic support they need to unleash their potential and graduate from high school ready to succeed in college or vocational programs and educational institutions. 21st century careers.

COMERIC MICHIGAN COVID-19 RELIEF COMMITMENT

Comerica’s support for Michigan The businesses span 171 years and have grown significantly amid the COVID-19 pandemic. Comerica Bank and the Comerica Charitable Foundation are committed to $ 4.3 million through funding, contributions and investments to directly support Michigan communities and businesses are recovering from the COVID-19 pandemic. Comerica Bank and the Comerica Charitable Foundation have invested $ 1.8 million in Michigan support community programs and businesses affected by COVID-19.

Comerica has also moved $ 2.5 million in deposits at First Independence Bank, the only minority depository institution (MDI) headquartered in Michigan, and launched a strategic partnership that includes collaboration, mentorship and the exchange of expertise in key business areas. MDIs help minority and underserved communities and promote the economic viability of these communities.

In addition to Comerica $ 4.3 million Supporting communities and businesses statewide, the bank has also engaged in national partnerships impacting small businesses in Michigan, including the National Business League ($ 1 million,) Lendistry ($ 1.5 million) and local initiatives support company ($ 1 million.)

About Comerica Bank
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business lines: commercial banking, retail banking and wealth management. Comerica focuses on relationships and helps people and businesses succeed. In addition to Texas, the branches of Comerica Bank are located in Arizona, California, Florida and Michigan, with selected companies operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $ 83.6 billion in September 30, 2020.

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