SPECIAL ADVERTISING SECTION
LOCAL FINANCIAL INSTITUTIONS
and recreational vehicle financing programs, with an experienced
team operating along the East Coast with offices in Rhode Island,
New Jersey, Maryland and Virginia. We also introduced OceanPoint
Investment Solutions through a relationship with LPL Financial to
provide access to comprehensive financial and investment advisory
services.” — WENDY KAGAN, EXECUTIVE VICE PRESIDENT / DIRECTOR
OF EMPLOYEE AND COMMUNITY ENGAGEMENT AT BANKNEWPORT,
BANKNEWPORT.COM
“JPMorgan Chase has been growing in communities where our
customers live and work for decades. The firm first came to Rhode
Island in 2017 when we opened our commercial banking office.
Then, in 2019, we opened two Chase branches in Providence.
Before the end of 2020, we will be establishing three more branches
in Wakefield, Olneyville and Cranston, and by March 2021, we are
expected to have a total of eight branches across the state. As our
footprint in the Ocean State expands, so does our team. We currently
have 100 employees in Rhode Island and are looking forward
to seeing that number increase with the new Chase locations and
as our commercial banking, private banking and U.S. wealth management
practices grow.” — PATRICIA GILMAN, MARKET DIRECTOR
OF JPMORGAN CHASE, RHODE ISLAND, JPMORGANCHASE.COM
Tell us about your institution’s recent
philanthropic efforts.
“Washington Trust always strives to be meaningfully helpful to the
communities we serve and to a variety of agencies that serve our
communities. During the current crisis, we have joined the Rhode
Island community in support of the COVID-19 relief fund, have
supported several aspects of the food distribution network in Rhode
Island and have continued our general philanthropic support, as
well.” — THE WASHINGTON TRUST COMPANY, WASHTRUST.COM
“In the middle of the COVID-19 pandemic when we had to close
our lobbies, we were still able to raise $700 for the Rhode Island
SPCA. Sadly, we had to cancel our planned adoption event, but
we are planning to reschedule at a later date in the year!” — ERIKA
KEMP OF WAVE FEDERAL CREDIT UNION, WAVEFCU.ORG
“While our Centreville Bank Charitable Foundation has historically
placed a priority on supporting initiatives related to education,
economic security and capacity building, we have duly shifted
that support to meet the immediate needs of our communities
during this time. Between the months of March and June, the
Charitable Foundation was able to provide $241,500 in support to
organizations in Rhode Island and Eastern Connecticut including
Thundermist Health Center, Clínica Esperanza, Tides Family
Services, various local food pantries and the United Way of Rhode
Island and eastern Connecticut, to name a few. The grants and
donations were targeted to address the ongoing struggle with the
Coronavirus and the myriad of ways that it has affected our
communities, as well as the organizations that serve those communities.
We also recognize that the work is far from done and
remain prepared to continue to leverage the strength of the
Charitable Foundation to show our support for those in need
both now and in the months to come.” — HAROLD M. HORVAT,
PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD
AT CENTREVILLE BANK, CENTREVILLEBANK.COM
“Because we care immensely about our customers and are actively
engaged in the communities we serve, BankNewport and our
subsidiary OceanPoint Insurance continue to provide support to
our communities through financial assistance and community
service. Over the past nine years, BankNewport has awarded more
than $4.6 million in grants, sponsorships and donations to a wide
range of nonprofits to help strengthen and enrich lives and communities
throughout Rhode Island. In 2019, annual financial
education and community projects performed by our employees
totaled over 9,000 hours. Moreover, due to the COVID-19 crisis,
our Community Fund Committee redirected its grant funds to
extend immediate financial support with grants totaling $250,000
to the Rhode Island Foundation and United Way of Rhode Island
COVID-19 Response Fund, and a $100,000 grant to the Rhode
Island Community Food Bank. In addition, more than $79,000 in
sponsorship funds earmarked for nonprofit fundraising events
were released to help meet their immediate needs.” — WENDY KAGAN,
EXECUTIVE VICE PRESIDENT / DIRECTOR OF EMPLOYEE AND COMMUNITY
ENGAGEMENT AT BANKNEWPORT, BANKNEWPORT.COM
“Since 2019, JPMorgan has invested nearly $230,000 to Rhode
Island organizations. Through the JPMorgan Foundation, the
Office of Nonprofit Engagement and Community Reinvestment and
Partnerships, we support non-profit and community organizations
through capacity building investments that offer general operating
support, technical assistance to leaders and staff, seeding of pilot
initiatives, research, public policy and advocacy to strengthen the
organization and sectors they seek to impact. From affordable
housing programs through ONE Neighborhood Builders and
HousingWorks, to financial health programs for primarily low-and
moderate-income individuals and families, through Year Up Rhode
Island, Big Brothers Big Sisters of Rhode Island and the DaVinci
Center for Community Progress. Additionally, our JPMorgan Chase
employees regularly volunteer with local organizations such as
Mentor Rhode Island, the Rhode Island Community Food Bank, the
134 Collaborative, Boys Town New England, NRI Academy — Roger
Williams Campus, Providence Promise and Center of Innovation for
Latin Women. In response to the systemic racial injustice that has
led to demonstrations across the nation, the firm recently announced
a $3 million philanthropic commitment to promote racial and social
equality — supporting national civil rights organizations that
advocate for justice and inclusion, targeted nonprofits and communities
disproportionally impacted by the COVID-19 pandemic.
We’re also matching employee contributions made to organizations
that have a long history of supporting justice and inclusion.”
— JPMORGAN CHASE, JPMORGANCHASE.COM
“#WCCUCares is our mantra and caring about our community
is a major focus for us. Annually, Westerly Community Credit
Union sponsors, donates to and/or volunteers with more than
150 organizations and contributes about $100,000–$150,000 per
year to our communities. More than 80 percent of our staff and
board volunteer locally. As an organization, we are focused on
promoting financial literacy in ten elementary schools through
our sponsorship of the the Money Mammals’ Saving Money is
Fun Kids Club, along with seven high schools with our sponsorship
of the EverFi online and Cemark classroom programs. We
also sponsor the CU4 Reality budget fair for our local high schools.
All these programs bring relative money management skills
to life, enabling them to make sound financial decisions in the
future. We also train staff to be Certified Financial Counselors.
Our largest event that we continue to run and sponsor since 1984
is our annual Holiday Basketball Tournament. All gate receipts
are donated back to the participating high school’s sports boosters; to
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92 RHODE ISLAND MONTHLY l AUGUST 2020