PNC Pledges $150 Million to Grow Up Great Initiative
Funds will help support pre-K education, provide teachers and families with education resources.
PNC Financial Services has announced a commitment of $150 million to the Grow Up Great initiative, which promotes early learning to help children succeed.
The Grow Up Great initiative was founded by the Pittsburgh bank in 2004 and helps prepare children from birth to age five for success in school and life. The organization is now celebrating its 15th anniversary, and with the latest pledge of $150 million, PNC has now invested more than $500 million in the initiative since its founding.
According to a statement on the initiative's website, Research has shown that the first five years of a child's life is critical to long-term achievement. We believe that an investment in pre-K students makes good economic sense and plants the seeds for the dynamic workforce of tomorrow.
In addition to helping fund education opportunities for underserved communities, the Grow Up Great Initiative also provides bilingual online resources and toolkits for pre-K students, teachers and parents. Grow Up Great says in the past 15 years, more than $160 million in grants has been awarded to organizations including DonorsChoose.com, The University of Chicago's TMW Center for Early Learning and Public Health, and an online lesson center.
The Post-Gazette reports that as part of the pledge, each of PNC's 40 regional markets will receive up to $150,000 for Grow Up Great initiatives. Additionally, PNC employees are allotted 40 hours of paid time off annually to volunteer at preschools that participate in the program. PNC matches volunteer time with monetary donations.