Giving back through charitable giving & volunteerism | U.S. Bank (2024)

Giving back to our communities is part of how we invest in the future.

In 2022, we donated more than $64 million and employees donated more than $14 million to causes that strengthen our communities.

Giving back through charitable giving & volunteerism | U.S. Bank (1)

Charitable giving

Our unified giving and engagement strategy, Community Possible, focuses on closing the gaps between people and possibility in the areas of work, home and play.

At U.S. Bank, we invest in the local needs of our communities through the U.S. Bank Foundation, corporate contributions, employee matching gifts and volunteerism. In 2022, the U.S. Bank Foundation provided $32 million in grants, gifts and other contributions.

Giving back through charitable giving & volunteerism | U.S. Bank (2)

U.S. Bank Foundation grant programs

Community Possible

The Community Possible Grant Program supports organizations that create stable jobs, affordable housing and vibrant communities.

Learn more about Community Possible grants

Opportunity Fund

The Opportunity Fund supports organizations that expand equitable access for communities of color, women, veterans, LGBTQ+ individuals and people with disabilities, among others.

Learn more about Opportunity Fund grants

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Corporate donations and sponsorships

Nonprofit donations and sponsorship are an integral part of our company’s philanthropic initiatives.In 2022, U.S. Bank contributed more than $32 million in corporate contributions and nonprofit sponsorships.

Employee community engagement

We believe every employee should have the opportunity to give back to their community in a way that is meaningful to them.

Volunteerism

Through the U.S. Bank volunteer program, our nearly 77,000 employees are encouraged to contribute to causes that matter to them. In 2022, employees shared their skills, knowledge and time with our communities by volunteering 311,000 hours with nonprofit organizations. To encourage volunteering, U.S. Bank provides regular opportunities for involvement and 16 hours of paid volunteer time for eligible employees.

Employee matching gifts

The U.S. Bank Foundation matches employee charitable contributions, from $50 to $1,000 per year ($3,000 per year for employees that serve on nonprofit boards). Qualifying contributions include cash and stock to nonprofit organizations or higher education institutions.

Dollars for Doing program

The Dollars for Doing program supports employee community work with a monetary donation to the nonprofits where they volunteer. The program matches employee volunteer time at $5 per hour, up to 40 hours per year.

Employee giving and engagement campaigns

Each year, we run three company-wide campaigns to give employees additional opportunities to give back to their communities and to each other.

  • Employee giving campaign: This campaign encourages employees to make charitable donations to a cause aligned with their passions.
  • Employee assistance fund: This primarily employee-funded program provides one-time grants to help employees facing unexpected hardships, as well as emergency grants to those who were displaced from their homes due to natural disasters or other catastrophes.
  • #GiveTime Campaign: We participate in the international movement called #GivingTuesday, a day focused on the spirit of giving. Our #GiveTime campaign encourages employees and customers alike to volunteer time and share their experiences on social media, encouraging others in turn to give back in their communities.

Ourbusiness resource groupsprovide another avenue for employees to engage with the community and grow professionally.

Latest news

Giving back through charitable giving & volunteerism | U.S. Bank (4)

Learn how $12 million in U.S. Bank Foundation grants will support communities

Meet three organizations benefiting from the foundation’s Community Possible program.

Giving back through charitable giving & volunteerism | U.S. Bank (5)

27 Habitat homes in Charlotte under construction with support from U.S. Bank

Garth Brooks, Trisha Yearwood and around 80 employee volunteers collaborated with future homeowner Jean Clement Nsombo on his new home.

Read more

Giving back through charitable giving & volunteerism | U.S. Bank (6)

U.S. Bank offers recycled plastic for Altitude Go, 100% matching for charity

Cardholders can redeem points to contribute to a nonprofit they choose from the list in the Altitude Rewards Center.

Read more

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Disclosures

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Credit products offered by U.S. Bank National Association and subject to normal credit approval.

Deposit products are offered by U.S. Bank National Association. Member FDIC.

Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

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Giving back through charitable giving & volunteerism | U.S. Bank (2024)

FAQs

Giving back through charitable giving & volunteerism | U.S. Bank? ›

Employee matching gifts

How do banks give back to the community? ›

Through their foundations and corporate giving programs, banks donate billions each year to provide essential support for nonprofits and charities across the country.

What are the four tiers of smart rewards? ›

Specific benefits and perks of Bank Smartly and Smart Rewards are available within four tiers of rewards (Primary, Plus, Premium, and Pinnacle) based on a client's total qualifying balances throughout the bank.

Do U.S. Bank checking accounts earn interest? ›

When you open a qualifying checking account, you earn interest at a variable rate. Interest rates are determined at the bank's discretion and may change at any time. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information.

Does U.S. Bank provide sponsorship? ›

Get sponsored by U.S. Bank

We're proud of the many artistic, athletic, and community sponsorships we are supporting throughout the country. At U.S. Bank, we look for sponsorships that result in a mutually beneficial partnership and yield support for our company goals and marketing objectives.

Do banks donate to charity? ›

Giving back to our communities is part of how we invest in the future. In 2023, the U.S. Bank Foundation donated more than $96 million in total grants and corporate contributions.

Why do banks donate to nonprofits? ›

- Banks donate to local nonprofits to build relationships which in turn attracts these nonprofits as banks' customers. - Banks use donations to attract socially responsible customers.

How many points is Chick Fil A tiers? ›

The program has four tiers: Member, Silver Member, Red Member and Signature member, which allow a dollar spent to earn 10 points, 11 points, 12 points and 13 points, respectively.

What is 3x rewards? ›

Total number of points that the customer will earn would be equal to the reward points earned during the normal course (x) + Bonus Points which equal Double the reward points earned during the normal course (2x) = 3x.

How to enroll in U.S. Bank Smart Rewards? ›

U.S. Bank Mobile App: Select your checking account and choose Manage at the top of the screen. Then select Smart Rewards within the “Account services” section. Mark the check box next to the account(s) you want to enroll, then select Continue.

Where can I get 7% interest on my money? ›

Which Bank Gives 7% Interest Rate? Currently, no banks are offering 7% interest on savings accounts, but some do offer a 7% APY on other products. For example, OnPath Federal Credit Union currently offers a 7% APY on average daily checking account balances up to and under $10,000.

Which U.S. Bank gives 7% interest on savings accounts? ›

Why Trust Us? As of May 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

How much will $10,000 make in a money market account? ›

A money market fund is a mutual fund that invests in short-term debts. Currently, money market funds pay between 4.47% and 4.87% in interest. With that, you can earn between $447 to $487 in interest on $10,000 each year. Certificates of deposit (CDs).

How do you qualify for U.S. Bank? ›

You'll need the following information:
  1. Your Social Security number.
  2. A valid, government-issued photo ID like a driver's license, passport or state or military ID.
  3. A minimum opening deposit of $25 to activate your account (once you've been approved).

How to get sponsorship from banks? ›

Banks don't give sponsorship, they give LOANS. In order to get a loan from a bank you need a good business plan and collateral to support the loan. Collateral would normally be some thing of value such as your house or car.

How much money do you need in the bank to sponsor someone? ›

Minimum Annual Income For Non-Military Sponsors in 2022
Sponsor's Household Size (by number of people, including sponsor and spouse)Sponsors in the 48 continental states, D.C., and U.S. territoriesSponsors in Hawaii
2$22,887$26,325
3$28,787$33,112
4$34,687$39,900
5$39,900$46,687
3 more rows

What are banks responsibility to society? ›

Responsible banking promotes ethical and sustainable banking solutions to global challenges such as climate change and financial inequality. It is a way of banking that prioritises the long-term well-being of individuals, communities, and the planet over short-term profits.

Why do communities need banks? ›

Community banks are threaded into the local economy of many towns in the country. By serving the local residents and businesses with necessary financial services, community banks help them get ahead in their corner of the world. These days, there are more financial institutions to choose from than ever before.

What role do banks have in the community and how do they impact the economy? ›

The banking sector is vital to the U.S. and world economies. Its primary function is to safeguard depositors' assets and make loans to individuals and businesses. Banks are regulated by the federal government, and sometimes state governments, to try to keep them from taking on too much risk and imperiling the economy.

How are banks engaging with customers? ›

To build a more positive experience, banks and credit unions can engage with customers on a personalized basis via direct mail, email, social media, mobile banking platforms, websites, or any other channel where contextual interactions occur.

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