-

Private Foundations in The Foundation Office at Fifth Third Bank Announce More Than $6.6 Million in 2020 Grants

CINCINNATI--(BUSINESS WIRE)--Eight private family foundations in The Foundation Office at Fifth Third Bank, National Association, have announced gifts of more than $6.6 million in 2020. Grants were awarded from these private family foundations to organizations that focus on education, arts and culture, civic and community programs, health and human services, and community reinvestment activities that benefit low- to moderate-income earners, small businesses, affordable housing, financial literacy and workforce development efforts.

“We are always pleased to honor the vision of the families who entrust their philanthropic foundations to our office,” said Heidi B. Jark, senior vice president and managing director of The Foundation Office. “In a year that has been extremely hard on nonprofits and the communities they serve we are especially honored to assist so many organizations with fulfilling their mission.”

Bethany House Services, a nonprofit organization that provides a variety of family-centered homelessness services, received funds from the Jacob G. Schmidlapp Trust. Susan Schiller, Bethany House’s chief executive officer, explained how the money, which will be used for the One Step Closer to Home Program, will directly assist families. “The funding will help us build our new family shelter and comprehensive services center, which will meet the needs of 1,000 families who are experiencing homelessness.” The organization’s offerings include expanded services for children and additional on-site physical and mental healthcare for families. “It has been an unbelievably challenging year for everyone – especially for families without a home. The funding from the Jacob G. Schmidlapp Foundation will create a safe space for single moms and children where they will have warm beds, food, a safe environment for them to heal and a pathway to stability.”

American Legacy Theatre received funds from the Alms Trust to create Home Theatre, a new programmatic offering, which innovates theatre storytelling by making the audience a co-producer collaborating with the artist. Matthew David Gellin, producing artistic director, explained that Home Theatre will generate 30 original world premiere productions in six months and reach at least 3,000 people. “Because of the support from the Alms Trust, American Legacy Theatre can share the stories of those who cannot privately pay for this experience and explore stories dealing with extreme poverty, isolation by age or geography, physical or mental disability, and other challenges not readily discussed in our community,” he said. “If American Legacy Theatre did not have funding from the Alms Trust, Home Theatre would not be able to happen. This funding allows us the ability to launch a new approach to theatre and to be a leader in the national conversation on how to bridge communities.”

The eight foundations and trusts accept letters of inquiry from qualifying nonprofit organizations seeking grant support from Oct. 1 through Dec. 31 each year. For guidelines on the inquiry process, visit https://www.cybergrants.com/pls/cybergrants/quiz.display_question?x_gm_id=6990&x_quiz_id=8160. The eight available funds are listed below with brief descriptions of their focus areas and the total amount distributed from them in 2020 to charitable organizations.

Fund and description

2020 Grants

Charles Moerlein Foundation, Fifth Third Bank, Trustee

Supports religious, charitable, scientific, literary or educational purposes.

$70,000

Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee

Supports initiatives that empower and assist women and girls
in achieving self-sufficiency.

$1.25 million

Eleanora C.U. Alms Trust, Fifth Third Bank, Trustee

Supports charitable and educational purposes for the city of Cincinnati,
with a focus on the arts.

$140,000

Helen G., Henry F., & Louise Tuechter Dornette Foundation,
Fifth Third Bank, Trustee

Supports nature and the conservation of nature’s beauty, as well as organizations that are beneficial to children, with a preference to organizations that Miss Dornette identified during her lifetime.

$130,000

Patricia Kisker Foundation, Fifth Third Bank, Trustee

Supports organizations that benefit or serve children, and educational, musical or arts organizations, as well as organizations that Patricia Kisker supported during her lifetime.

$150,000

Jacob G. Schmidlapp Trusts, Fifth Third Bank, Trustee

Supports charitable or educational purposes; for relief in sickness, suffering and distress; for the care of young children, the aged or the helpless or afflicted; for the promotion of education, and to improve living conditions.

$4.302 million

Ohio Valley Foundation, Fifth Third Bank, Agent

Funds small equipment and capital improvement projects in the Ohio Valley.

$290,000

Stillson Foundation, Fifth Third Bank, Trustee

Helps children and provides assistance to those charities the Stillsons supported during their lifetime.

$295,000

Total

$6,627,500

The Foundation Office at Fifth Third Bank, National Association, also serves as trustee, co-trustee or agent for more than 300 private and corporate foundations that grant millions of dollars annually to worthy charities across the United States. The foundations support a variety of causes, from education to the arts and from basic-needs organizations like shelters and counseling centers to environmental projects and animal rescue.

To learn more about The Foundation Office at Fifth Third Bank, please visit: www.53.com/foundationoffice.

Category: Other

Contacts

Danielle Jones (Media Relations)
Danielle.Jones@53.com | 513-534-0162

Fifth Third Bank

NASDAQ:FITB
Details
Headquarters: Cincinnati, OH
CEO: Tim Spence
Employees: 20,000+
Organization: PUB
Revenues: $7.90 billion (2021)
Net Income: $2.77 billion (2021)

Release Versions

Contacts

Danielle Jones (Media Relations)
Danielle.Jones@53.com | 513-534-0162

More News From Fifth Third Bank

Fifth Third Named Among World’s Most Admired Companies™ by Fortune Magazine

CINCINNATI--(BUSINESS WIRE)--Fifth Third (Nasdaq: FITB) has been recognized among the World’s Most Admired Companies™ by Fortune Magazine for the third consecutive year. “It is an honor to once again be named to the Fortune list of Most Admired Companies,” said Tim Spence, chairman, CEO, and president of Fifth Third. “This recognition affirms our strategy of driving sustainable results for shareholders, investing in the communities we serve and creating an environment where our employees can su...

Fifth Third Bancorp Reports Fourth Quarter 2025 Diluted Earnings Per Share of $1.04

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB):                         Key Financial Data             Key Highlights                         $ in millions for all balance sheet and income statement items                   4Q25   3Q25   4Q24   Stability: Net charge-offs(b) of 40 bps in 4Q25; Commercial net charge-offs(b) of 27 bps Loan-to-core deposit ratio of 72%; 4% demand deposit growth year-over-year Strong profitability resulted in CET1(d)(e) increasing 20 bps to 10.77% Pr...

Fifth Third Receives $85M New Markets Tax Credits Award from U.S. Treasury

CINCINNATI--(BUSINESS WIRE)--The Fifth Third New Markets Development Company II has received an $85 million New Markets Tax Credits award from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. An affiliate of the Fifth Third Community Development Company, LLC (CDC), the Fifth Third New Markets Development Company II was one of 142 community development entities nationwide to receive an award in the Treasury fund allocation announced on Dec. 23. It is the s...
Back to Newsroom