Old National Bank Foundation Awards $32,000 to Minnesota-based Nonprofit Organizations

Friday, June 14, 2019

Old National Bank Foundation, philanthropic arm of Old National Bank (NASDAQ: ONB), announced its quarterly contributions totaling $32,000 to five organizations throughout Old National’s Minnesota market, and an annual total of nearly $1.9 million footprint-wide, with some contributions being multi-year commitments.

The Foundation awarded the following grants to Minnesota-based nonprofits:

  • 180 Degrees received $4,500 to expand its YoVoPro program at Hope House Shelter in the West Metro, which provides educational tools and resources to help youth with learning disabilities develop employment skills.
  • First Children’s Finance received $7,500 for its Childcare Business Development Center, which provides one-on-one consultation, startup and growth training workshops, operations support, and access to capital.
  • Lutheran Social Service (LSS) received $5,000 to support its Financial Counseling program, which helps individuals earn credentials and certificates in their desired field.
  • Neon received $10,000 to provide technical assistance to entrepreneurs in North Minneapolis and surrounding areas.
  • YWCA Mankato received $5,000 to support the implementation of its Parents as Teachers program, an early childhood education home visiting program.

“It’s been about a year since the Old National Bank Foundation was introduced in Minnesota, and it’s been such a thrilling experience to give these dollars to local organizations doing such impactful work,” said Kelly Elkin, Foundation board member.

Over the last couple of weeks, Old National associates held check presentations with each of the five nonprofit organizations.

Since July 2018, the Foundation donated nearly $175,000 in grants to Minnesota-based nonprofits.

“Through Old National’s charitable giving programs, the Foundation demonstrates its commitment to improve the quality of life in the communities where its clients, associates and shareholders live and work,” according to Janet Baas, Old National Bank Foundation President. “Due to the volume of applications received, each application is evaluated on a competitive basis as we strive to fund programs with strong impact and measurable outcomes. The Foundation’s primary focus areas are affordable housing, economic development, workforce development, financial literacy, and education programs. Priority consideration is also giving to initiatives that serve low-to-moderate income individuals and households.”

To learn more about the Foundation, please visit www.oldnational.com/giving.

 

About Old National

Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest financial services holding company headquartered in Indiana. With $20.1 billion in assets, it ranks among the top 100 banking companies in the U.S.  Since its founding in Evansville in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients. Today, Old National’s footprint includes Indiana, Kentucky, Minnesota, Michigan, and Wisconsin. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investments, and capital market services. For more information and financial data, please visit Investor Relations at oldnational.com.