Published on 04-22-2020
Categories: Coastal News
The Coastal Credit Union Foundation has announced that it will provide a second round of funding for its community relief package, in the form of $140,000 in unrestricted grants to several area nonprofits. These grants will be used to provide community assistance in response to the COVID-19 pandemic. Including previously-announced grants, the foundation’s COVID-19 response to date totals $692,000.
The latest package includes a $50,000 grant to the Kramden Institute to help further their work to provide computers to public school and community college students across the Triangle. As students have shifted to remote learning, families without reliable computer and internet access run the risk of falling behind. Coastal Credit Union Foundation’s grant will help 500 families bridge that gap.
“As the COVID-19 crisis has continued to unfold, we’ve continued to look for ways to help,” said Chuck Purvis, Coastal’s President and CEO. “Thankfully, there are plenty of great nonprofits in our community that were already prepared to assist those in need. I’m proud of our team here for being able to work with community leaders and identify opportunities and then quickly get grant money into the hands of people who are making a tremendous impact right now.”
Coastal’s Foundation has now provided grants to organization that reach all of the 16 counties that Coastal Credit Union serves. In addition to Kramden, the latest funding is also supporting the following local nonprofits:
The Foundation selected the organizations based on their capability of immediately putting funds to work in the communities the credit union serves, to help people who have been affected by the various impacts of COVID-19.
The mission of the Coastal Credit Union Foundation is to enrich the lives of our members and their communities by providing financial support to 501(c)(3) organizations, particularly in the 16-county market of Central North Carolina. Learn more at www.coastal24.com/foundation/.