What Is The Third Foundation – DETROIT, March 2, 2023 /3BL Media/ – The Fifth Third Foundation has awarded LifeBUILDERS a $750,000 grant to help continue the organization’s revitalization work in Detroit’s Regent Park neighborhood. This money will be used to renovate eight to ten buildings over the next three to five years. Regent Park is located in the Gratiot-7 Mile (G7) area, which is part of the Detroit Strategic Neighborhood Fund program that Fifth Third has invested in since 2019.
These dollars are provided to LifeBUILDERS in the form of Program Related Investments, or PRIs, administered by Rockefeller Philanthropy Advisors. Unlike traditional grants, PRI dollars will be repaid at below-market rates — in this case, zero percent. This $750,000 restitution award is the second largest ever awarded by the Fifth Third Foundation.
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“This is an opportunity to partner with LifeBUILDERS and support the organization’s active work in the Regent Park area,” said David Girodat, regional president, Fifth Third. “Since 2005, LifeBUILDERS has brought hope and restoration to an area that has been devastated for nearly 20 years. Today there are new parks, new preschools and 81 homes that have been renovated and either rented or sold because of the organization’s dedication. .”
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Rockefeller Philanthropy Advisors (RPA) manages the financial impact of the Fifth Generation Black Futures Strong Neighborhood Program, through the $15M Partnership Program Investment Fund. As a fund manager, the RPA oversees the investment process, research, due diligence, execution, and management of all investments related to designated areas.
“We are excited to have the tools to set up the program, and drive flexible vehicles to support community leaders who use the program. We are honored to partner with LifeBUILDERS to help bring affordable single-family housing to the neighborhood.” Detroit’s Regent Park,” said Patrick. Briaud, deputy director of the RPA.
Regent Park is bordered by Kelly Road, Gratiot Avenue, 8 Mile and 7 Mile. LifeBUILDERS has already selected the first two buildings and will begin renovation work in early 2023; each building is expected to take six to nine months to complete. The homes will instead be sold at market/affordable prices, which is an important part of attracting new homeowners to the village.
“The Fifth Third Foundation’s support is a great recognition of our efforts and commitment to Regent Park. This gift will allow us to continue our mission to change lives in Regent Park and give hope and encouragement to residents and the city of Detroit.” “said Larry Johnson, co-founder of LifeBUILDERS. . “Additionally, the Fifth Third Grant complements ongoing support from the City of Detroit, thereby accelerating rebuilding and access to affordable housing.”
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With 81 homes renovated to date, LifeBUILDERS says it is on track to meet or exceed its goal of renovating 100 homes by 2023.
The Fifth Third Foundation is part of the Office of Foundations at Fifth Third Bank, National Association, which serves as a trustee, co-chair or sponsor of more than 300 private and corporate foundations that give millions of dollars annually to worthy organizations in the United States. The foundation supports a wide range of causes, from education to the arts and from organizations with critical needs such as shelters and counseling centers to environmental and animal rescue projects. People can apply for grants by visiting cybergrants.com
Founded in 1948, the Fifth Third Foundation was one of the first charitable foundations created by a financial institution. It supports the needs of health and human services, education, community development and the arts in the communities where Fifth Third Bank operates.
Rockefeller Philanthropy Advisors (RPA) is an international nonprofit organization that currently advises and manages more than $500 million in annual giving by individuals, families, organizations and foundations. Continuing the Rockefeller family legacy of philanthropy, excellence, RPA remains at the forefront of philanthropic development and innovation, with a team of experienced partners with deep knowledge in a variety of fields. RPA employees want to accelerate compassion in pursuit of a just world. Founded in 2002, RPA has grown to become one of the world’s largest philanthropic organizations and has donated more than $3 billion in more than 70 countries. RPA also provides funding, leadership, management and operations for more than 90 projects. resources.to support their philanthropic goals. For more information, please visit www.rockpa.org. Third Dimension is a specially formulated, semi-red, silky, pressed powder foundation with a patent-pending texture inspired by a secret technique used by professionals hundreds of years ago. Unlike traditional powders that leave the skin dull, flat and dull, Third Dimension uses tiny particles to add depth and texture to the skin and enhance your skin’s natural tone. Designed to reflect light on the skin, the tiny particles emit light that surrounds and focuses on the surrounding skin and reduces the appearance of circles and dark shadows caused by fine lines and wrinkles, giving the skin a smoother appearance. The refined process used to spin and roll our super smooth powder is felt by hand. The sheer weight and unique texture allows the powder to grow and blend with any face shape, smoothness and long-lasting wear.
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Our customer care team is available to answer your questions and provide ordering assistance. You can contact us and email foundations from around the world to coordinate our efforts to support the science needed to save the oceans.
In partnership with UNESCO’s International Oceanographic Commission and the Prince Albert II Foundation of Monaco, the Foundations Dialogue Group provides a platform to connect donors and work together to move the needle towards ocean conservation. In particular, the group wants to focus on how the foundation can coordinate its efforts to achieve the goals of the United Nations Decade of Ocean Science for Sustainable Development, known as the ‘Ocean Decade’.
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The event was held in Monaco from 14-16 June 2023, and provided a unique opportunity to discuss how philanthropists work to create “the science we need for the ocean we want”. . we can work together to support current and future UN Decade of Oceans projects.
The President of our Foundation, HRH Princess Hala bint Khaled bin Sultan, at the opening session of the Dialogue of Foundations, with HSH Prince Albert II of Monaco; Ms. Audrey Azoulay, Director General of UNESCO; and Royal Highnesses Princess Lalla Hasnaa of Morocco. In her speech, Princess Hala said that since her father established a foundation in 2000 to preserve, protect and restore the health of the sea, she said: “We have made great progress during this time, but we have always He knew that to achieve this good work, we could not work alone.” This was one of the reasons we joined the Foundations Dialogue, to work with others to promote ocean conservation around the world.
In her speech, Princess Hala reviewed one of the Foundation’s ocean conservation policies adopted by the Dialogue Foundations group. “Partnership is a powerful way to protect water resources. It allows us to build partnerships and create sustainable solutions that benefit the environment and the communities that depend on it. words.
. Since the foundation of the Foundation, we have adopted this principle of cooperation, realizing that our work can be beneficial.
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