PNC Pledges $30M To COVID-19 Efforts

Focused To Basic Needs And Hardships

Keith Griffin

April 7, 2020

A PNC Bank branch

The PNC Financial Services Group announced $30 million in charitable support of coronavirus relief efforts, primarily directed toward basic needs and hardship relief programs across the markets in which PNC operates.

"The safety and well-being of our customers, employees and the communities we serve has always been a top priority for PNC," said PNC chairman, president and CEO William S. Demchak. "That commitment has never been more important as we collectively navigate the unprecedented challenges posed by this global pandemic."

PNC's funding – which will be disbursed throughout 2020 – will be coordinated by the PNC Foundation and PNC's Office of the Regional Presidents, building on the company's legacy of philanthropic support in the communities it serves, according to a PNC announcement.

This will include additional PNC Foundation funding across PNC's local markets. Each PNC regional president will lead the identification of grant opportunities that provide the greatest local impact in the areas of food insecurity and shelter, early education and online resources that enhance access to information, programs and tools for those in need.  Among the PNC Foundation's support of local coronavirus relief efforts is a $1 million grant announced earlier this week in Pittsburgh to the United Way of Southwestern Pennsylvania to create the Students and Families Food Relief Fund, designed to support families struggling with food insecurity during the pandemic.

PNC's coronavirus relief support also includes an employee matching gift program in support of the coronavirus relief efforts of the American Red Cross and the United Way of Southwestern Pennsylvania's Students and Families Food Relief Fund.

Read more about PNC’s coronavirus support.

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