Two Little Rock organizations will be receiving funding from U.S. Bank as part of a new initiative to address economic and racial inequities.
University District Development Corporation and P.A.R.K. – Positive Atmosphere Reaches Kids have been selected to received funding as part of the U.S. Bank Foundation Rebuild and Transform Fund.
The University District Development Corporation, a nonprofit established by the University of Arkansas at Little Rock, the City of Little Rock, and other local institutions, aims to improve the quality of life in the neighborhoods and areas surrounding UA Little Rock. PARK is an organization that focuses on at-risk youth in grades 8-12, providing a range of activities to build confidence, strength academic performance and expand horizons.
U.S. Bank announced its plans to establish a $15 million Rebuild and Transform Fund, designed to aid small businesses that have been impacted by economic and racial inequities. The bank’s foundation will focus on investing in Black, Indigenous, People of Color (BIPOC)-led organizations.
Little Rock is one of 14 communities across the United States that has organizations receiving funding through the program. In total, 48 organizations will receive funding.
“Our focus is on listening to and learning from community leaders and responding to critical needs,“ Reba Dominski, Chief Social Responsibility Officer for U.S. Bank, said in a statement. “Today we are proud to share the details of our philanthropic giving to 10 additional markets across the country that historically experience low economic mobility. We are investing in organizations led by people of color and providing general operating funds because we trust community leaders to know how, when and where to use these funds for the greatest impact.”