FITB Fifth Third Bancorp

Private Foundations in The Foundation Office at Fifth Third Bank Announce More Than $6.5 Million in 2022 Grants

Nine private family foundations in The Foundation Office at Fifth Third Bank, National Association, announced grants totaling more than $6.5 million in 2022. Grants were awarded 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.

“It is our honor to guide the philanthropic foundations of so many families,” said Heidi B. Jark, senior vice president and managing director of The Foundation Office at Fifth Third Bank. “It’s a privilege to know they have entrusted this work to our office. In times of economic uncertainty, we work diligently to ensure these organizations fulfill their mission of giving back to worthy charitable causes.”

Cincinnati Children’s received funds from the Jacob G. Schmidlapp Trust for an expansion of its College Hill Mental Health Facility. As the largest inpatient mental health provider of any children’s hospital in the United States, Cincinnati Children’s is leading the charge to combat the devastating effects of mental illness. The College Hill campus is the hub for the medical center’s psychiatric services. Today, children and teens are impacted by unprecedented levels of depression, anxiety, PTSD and other serious ailments. Even more alarming, suicide is the second-leading cause of death among 10- to 24-year-olds.

The experts at Cincinnati Children’s not only offer the best in clinical care, community programs and early identification of behavioral issues, they’re also advancing innovative research that one day may cure and prevent mental illness from developing. The impact of this revolutionary work will be felt locally, across the country and around the world.

“One in five children struggles with mental health,” says Dr. Michael Sorter, director of the Division of Child and Adolescent Psychiatry at Cincinnati Children’s. “And we want to make sure we don’t miss any of them. That simply wouldn’t be possible without the support of those who share our vision, like our friends at the Jacob Schmidlapp Trust. They’re helping us change the trajectory of the mental health crisis that’s plaguing our young people, and the impact will be felt for generations.”

ArtWorks received funds from the Jacob G. Schmidlapp Trust for its capital campaign. The money will help renovate a historic building in the Peebles Corner section of Cincinnati’s Walnut Hills neighborhood. The resulting creative campus, ArtWorks’ first permanent home, will bring separate facilities under one roof and include an art gallery, community meeting rooms, offices for administrative staff and multiple art studios.

Jeff Sperry, senior director of advancement for ArtWorks, said the ability to have functioning year-round studios will greatly expand ArtWorks’ capacity to employ under-resourced youth and provide on-the-job training to inspire and retain a diverse, creative workforce for the region. “Young artists need a dedicated space that provides year-round employment and fosters creative partnerships,” Sperry added. “A place where students can go after school to learn from experienced mentors, collaborate with creative executives, and earn a paycheck. This funding directly perpetuates focus areas of the Jacob G. Schmidlapp Trust – supporting the promotion of education and improving living conditions for area residents.”

The Cincinnati Zoo & Botanical Garden received funds from the Helen G., Henry F., & Louise Tuechter Dornette Foundation, Fifth Third Bank, Trustee, in support of Dornette Kanga Klimb Aerial Adventure Course. The Dornette Foundation’s $1 million pledge, provided over four years, to the Dornette Kanga Klimb was instrumental to the project’s construction by helping fund preliminary site preparation – a significant achievement in transforming a steep hillside to an ADA-accessible, state-of-the-art habitats for kangaroos and little blue penguins.

When the pandemic unfolded, the Dornette Foundation’s commitment assured Zoo officials they would get back on track as soon as COVID-19 disruptions eased. Although complications from the pandemic affected the timeline, the Dornette Kanga Klimb was completed in the spring of 2021. The attraction has since become a favorite of children, adults and families who visit our Zoo.

“The generous $1 million gift from the Dornette Foundation in support of Dornette Kanga Klimb Aerial Adventure Course helped us realize our vision for engaging the next generation of Zoo visitors,” says Thane Maynard, zoo director of the Cincinnati Zoo & Botanical Garden. The concept is an exciting physical challenge with many ADA-accessible elements that exercises both body and mind, while surrounding participants in nature, and it reflects the Cincinnati Zoo’s desire to bring everyone close enough to care about wildlife and the planet.

The 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 .

The available funds are listed below with brief descriptions of their focus areas and the total amount distributed from them in 2022 to charitable organizations.

Fund and description

2022 grants

Charles Moerlein Foundation, Fifth Third Bank, Trustee

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

$170,000

Charlotte R. Schmidlapp Fund, Fifth Third Bank, Trustee

Supports initiatives that empower and assist women and girls

in achieving self-sufficiency.

$1.75 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.

$185,000

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.

$685,000

Louis & Melba Schott Foundation, Fifth Third Bank, Trustee

Supports assistance to youth, with emphasis on youth of primary school through junior high school age, who are disadvantaged because of medical conditions, economic status, family background, or for other similar reasons.

$85,000

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.

$185,000

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.

$2.63 million

Ohio Valley Foundation®, Fifth Third Bank, Agent

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

$400,000

Stillson Foundation, Fifth Third Bank, Trustee

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

$435,000

Total

$6.5 million

The Foundation Office

The Foundation Office at Fifth Third Bank, National Association, 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 .

EN
12/01/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fifth Third Bancorp

 PRESS RELEASE

Fifth Third Bancorp Announces Cash Dividends

CINCINNATI--(BUSINESS WIRE)-- Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.37 per share for the first quarter of 2025. The dividend is payable on April 15, 2025 to shareholders of record as of March 31, 2025. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Ra...

 PRESS RELEASE

Fifth Third Secured Card Broadens Economic Access for 48,000+ Customer...

CINCINNATI--(BUSINESS WIRE)-- Today, Fifth Third (NASDAQ: FITB) graduated another 3,900 customers through its Fifth Third Secured Card program, which has now helped more than 48,000 customers boost their credit scores and bolster their financial stability since its inception in 2019. Fifth Third Secured Card graduates automatically upgrade to the Bank’s flagship earning unlimited 1.67% cash back on purchases with no annual fee, while enjoying a lower purchase APR. Fifth Third’s Secured Card program is designed to help customers who want to build or repair credit establish a positive credit h...

 PRESS RELEASE

Fifth Third Breaks Ground on New Branch in Cincinnati’s Avondale Neigh...

CINCINNATI--(BUSINESS WIRE)-- Today Fifth Third (NASDAQ: FITB) and community leaders celebrated the groundbreaking for a new full-service banking center in Cincinnati’s Avondale neighborhood, which has been without a standalone bank branch for nearly five years. The new branch is expected to open to the public in late summer or early fall and is among 15 banking centers Fifth Third plans to open in low- and moderate-income (LMI) or high minority (HMT) population census tracts this year. The branch will enable Fifth Third to increase financial access for the community while contributing to the...

 PRESS RELEASE

Fifth Third recognized as one of the World’s Most Ethical Companies® b...

CINCINNATI--(BUSINESS WIRE)-- Fifth Third (NASDAQ: FITB) is proud to announce it has been named for the sixth time as one of the by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This press release features multimedia. View the full release here: Fifth Third has been named for the sixth time as one of the World’s Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. (Photo: Business Wire) Fifth Third is one of only two banks in the U.S., and four banks worldwide, to earn...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch