U.S. Bancorp is a diversified financial services holding company and the parent company of U.S. Bank, the nation’s fifth-largest commercial bank with assets of $364 billion at December 31, 2013. In 2013, U.S. Bancorp was named Fortune magazine’s Most Admired Superregional Bank for the third consecutive year. U.S. Bancorp is headquartered in Minneapolis, Minnesota, and is recognized for delivering consistent, industry-leading financial results, practicing prudent risk management, generating high levels of capital and developing innovative services and delivery channels. The Company offers a wide range of financial products and services through four major lines of business: Consumer and Small Business Banking, Wholesale Banking and Commercial Real Estate, Payment Services, and Wealth Management and Securities Services. U.S. Bancorp has 17.9 million customers and 67,000 employees.
Charitable Giving
U.S. Bank contributes to the strength and health of our communities through the U.S. Bank Foundation, Community Affairs and Corporate Giving. Total annual funding in 2013 reached $43.1 million.
Each year, the U.S. Bank Foundation provides cash contributions to nonprofit organizations in our grant priority areas of education, economic opportunity, and artistic and cultural enrichment. In 2013, the U.S. Bank Foundation provided more than $23.4 million in grant funding.
Grants
Corporate Giving
Nonprofit Sponsorship programs are an integral part of our company’s philanthropic initiatives. We sponsor arts and cultural events of all sizes from major art and theater festivals to local fairs in order to highlight the diverse range of talents and interests found throughout our communities. In 2013, U.S. Bank contributed more than $19.7 million in corporate contributions and nonprofit sponsorships.
U.S. Bank is committed to partnering with our employees to strengthen the community. We consider employee involvement in evaluating contribution requests, and we support employee giving programs that provide an opportunity for our employees to direct U.S. Bank Foundation contributions to organizations that are most important to them.
Dollars for Doing
The Dollars for Doing program is designed to support employee volunteer efforts in the community with a monetary donation to nonprofits where they volunteer. This program will match employee volunteer time with a qualifying nonprofit organization at a rate of $5 per hour up to 40 hours per calendar year.
Employee Matching Gift Program
The U.S. Bank Foundation matches qualifying contributions of cash and stock made by U.S. Bank employees to nonprofit organizations or higher education institutions on a dollar-for-dollar basis from a minimum of $50 up to an annual maximum of $1,000 per employee, or $3,000 for employees serving on nonprofit boards.