Usher’s New Look nonprofit receives $ 500,000 grant for financial literacy programs
Usher’s New Look (UNL), a non-profit organization founded by the R&B superstar in 1999, recently announced that it had received a large donation. The Truist Foundation gave $ 500,000 to UNL to support its high school leadership program, particularly its financial literacy initiatives, according to a press release.
The $ 500,000 is the latest amount given to UNL by the Truist Foundation, which has already donated a total of $ 1.5 million over five years to help the company’s mission.
âBreaking the cycle of poverty and debt equates to the future success of young people, especially in these difficult times when we see that there are currently 16 million children living in poverty today,â said Careshia Moore, President and CEO of Usher’s New Look. in the press release. âSo this is a proud moment for Usher’s New Look, and we are so grateful to the Truist Foundation for this transformational grant that will allow us to continue our mission and touch the lives of hundreds of young people, helping them prepare. to their future while uplifting and uplifting their communities at the same time.
The Truist Foundation was established in 2019 after the merger of BB&T and Suntrust Banks. The Foundation’s goal, according to its website, is to inspire and build better lives and communities by partnering directly with nonprofits that support wealth creation for historically excluded communities. Led by President Lynette Bell, the Truist Foundation aims to create career paths towards economic mobility and strengthen small businesses. After donating the $ 500,000 to UNL, Bell reaffirmed its commitment to the organization and programs like this in the press release.
“The Truist Foundation is committed to helping Usher’s New Look advance its mission by empowering young people to access financial well-being to help them make choices throughout their lives,” said Bell. âUshers New Look shares our goal of inspiring and building better lives and communities. Their dedication and proven track record in guiding and developing the talents and skills of young people is unparalleled. ”
Globally, the UNL has served more than 50,000 young people, according to statistics listed on its website. The UNL high school program offers workshops and hands-on sessions, covering a variety of topics such as talent exploration, college preparation, workforce development, servant leadership , entrepreneurship, budgeting, credit and debt, savings, investment, etc.