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Rural LISC is pleased to recognize U.S. Bank for its generous grant in support of Rural LISC’s Cohesive Economic Development Arts and Culture Initiative as well as its sponsorship of the 2018 Rural LISC Annual Seminar, Recognizing Opportunity: Resilience, Recovery and Revitalization in Rural America.
U.S. Bank conducts a number of innovative programs designed to serve local community needs, including the U.S. Bank Foundation, Employee Matching Gift Program, Dollars for Doing and Corporate Contributions. With U.S. Bank’s generous grant, awarded through the Foundation’s Community Possible program, Rural LISC will continue supporting arts and culture as critical drivers of local economic development strategies throughout rural America.
Earlier this year, Fortune Magazine recognized U.S. Bank as the Most Admired Superregional Bank for the eighth consecutive year.
Even more impressive, U.S. Bank was ranked in the top 10 in six of the nine attribute categories across all industries. FORTUNE recognized U.S. Bank – out of 680 companies – as No. 1 in Management Quality and Use of Corporate Assets. It was also ranked No. 2 in Value as a Long-Term Investment, No. 5 in People Management, No. 6 in Financial Soundness and No. 6 in Community Responsibility.
This marks the first time U.S. Bank has appeared in the top 10 in the Community Responsibility and People Management categories – both of which were areas of strategic emphasis for the organization in 2017. The extraordinary rankings point to U.S. Bank’s dedicated employees and its outstanding community partners.
U.S. Bank considers nonprofit donations and sponsorships a key part of its philanthropic initiatives. The U.S. Bank Foundation provided $26.2 million in grant funding, matching gifts and contribution dollars, and $28 million in corporate contributions and nonprofit sponsorships in 2016.
The Community Possible grant program is an integral part of U.S. Bank’s Community Responsibility efforts, and has been a mainstay of Rural LISC’s Cohesive Economic Development Arts and Culture (CEDAC) Initiative. Through the program, U.S. Bank invests its time, resources and passion in economic development, helping Americans attain the building blocks of a stable job, a home to call one’s own, and a community connected through culture, recreation, and play.Community Possible enabled Rural LISC to invest in the arts and culture activities of 13 community-based organizations (CBOs) in 2017, helping under-resourced communities achieve long-standing revitalization objectives. With U.S. Bank’s continued support, Rural LISC will continue to grow its CEDAC Initiative through grants, technical assistance and training.
"U.S. Bank's funding has been invaluable in boosting a game-changing Rural LISC initiative, and then helping to sustain it over the long term," said LISC Vice President and Rural LISC Director Suzanne Anarde. "It has enabled Rural LISC to step into the vanguard of the new movement that is harnessing the power of arts and culture to strengthen the physical, social and economic viability rural communities."
See the slideshow below showing Rural LISC partner organizations bringing rural communities alive through the power of arts and culture.
Rural LISC's Cohesive Economic Development Arts and Culture Initiative emerged in 2014, following on the recognition that arts and culture had a critical role to play in local economic development strategies in rural America. Rural LISC has cumulatively invested more than $530,000 in economic development catalyzing arts and culture activities since 2015. In 2017, U.S. Bank’s support was critical in moving CEDAC forward. U.S. Bank’s generous award supported Rural LISC in awarding $177,300 to its CBO partners. These grants have inspired creative thinking around the value of arts and culture in local economies, helped to bridge cultural differences, created new alliances and spurred planning for creative economies from Kingston, N.Y., to Indio, Calif.
Thanks to U.S. Bank’s continued support, Rural LISC expects to commit $180,000 in grants to 13 to 15 partners for their CEDAC projects in 2018, helping to lay the groundwork for lasting economic development. Rural LISC will match U.S. Bank’s $75,000 grant at a ratio of nearly 3 to 1, amounting to $195,000 in technical assistance, training and grants to CEDAC grantees.
Rural LISC supports 86 CBOs across the country, 36 of which are in U.S. Bank’s 28-state market area. Rural LISC has already seen significant progress in communities supported by its partner organizations, thanks to Rural LISC-funded arts and culture activities. With the support of generous funders like U.S. Bank, Rural LISC’s Cohesive Economic Development Arts and Culture Initiative has helped decrease blight, bolster tourism and increase funds being spent at local businesses in many rural communities. In many cases, employment has also risen due to entrepreneurial success, local construction and more. U.S. Bank’s continued support will enable Rural LISC to strengthen its investment in arts and culture-based economic development strategies and continue to monitor outcomes to truly be able to tell the story of how CEDAC is impacting economic development in communities across rural America.
Visit the U.S. Bank website for more information.