Program Partners
About Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of June 30, 2021, the Company had $205 billion in assets and operates 1,096 full-service Banking Centers, and 2,369 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States.
Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2021, had $483 billion in assets under care, of which it managed $61 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.”
About the Fifth Third Foundation
Established in 1948, the Fifth Third Foundation was one of the first charitable foundations created by a financial institution. The Fifth Third Foundation supports worthy causes in the areas of health and human services, education, community development and the arts in the states where Fifth Third Bank operates.
About Enterprise Community Partners
Enterprise Community Partners is a national nonprofit that exists to make a good home possible for the millions of families without one.
Home is where life happens, where plans are made and futures begin. The foundation for dignity, health, education, wealth and community. Yet rents keep going up, paychecks don’t keep pace, and good homes in strong neighborhoods are increasingly out of reach. The system doesn’t work. It must be changed, and it must be changed by us.
Enterprise has the breadth, scale and expertise to do it. We support community development organizations on the ground. We aggregate and invest capital for impact in homes and communities. We advance housing policy at every level of government. We build and manage communities ourselves. Everything we do is informed by the residents we serve.
Together with our partners, we focus on the greatest need – the massive shortage of affordable rental homes – to achieve three goals:
- Increase the supply of affordable homes
- Advance racial equity after decades of systematic racism in housing
- Support residents and strengthen communities to be resilient to the unpredictable and make upward mobility possible
Since 1982, we have invested $64 billion and created 951,000 homes across all 50 states, Washington, D.C., and Puerto Rico. All to make home and community places of pride, power and belonging.
About Rockefeller Philanthropy Advisors
Rockefeller Philanthropy Advisors (RPA) manages and hosts the Fifth Third Empowering Black Futures Neighborhood Program’ impact investments, through a $15 million Program Relates Investment (PRI) Fund. As the fund’s fiscal sponsor, RPA is responsible for investment strategy, sourcing, diligence, executing, monitoring and exiting all impact investments into the awarded neighborhoods.
RPA is a nonprofit organization that currently advises on and manages more than $500 million in annual giving by individuals, families, corporations and foundations. Continuing the Rockefeller family’s legacy of thoughtful, effective philanthropy, RPA remains at the forefront of philanthropic growth and innovation, with a diverse team of experienced grantmakers and impact investors with significant depth of knowledge across the spectrum of issue areas and geographies.
Founded in 2002, RPA has grown into one of the world’s largest philanthropic service organizations and has facilitated more than $3 billion in grantmaking to more than 70 countries. RPA currently serves as a fiscal sponsor for more than 90 projects, providing governance, management and operational infrastructure to support their charitable purposes.
Specific to impact investing, RPA helps foundations, individuals, and corporations prepare for and implement their mission-aligned investment strategy through the following four integrated services.
- Training & Field Building: From general education to tailored multi-stakeholder consensus building & investor readiness
- Strategic Advice Across the Portfolio: Coherent Investment Policy Statement (IPS), integrating impact goals across all asset classes
- Endowment (Non-charitable) Implementation: Operationalize IPS alongside investment management team or OCIO search
- Program (Charitable) Implementation: Operationalize Program Related Investment (PRI) strategies, including hosting customized portfolios
With significant contributions to impact investing thought leadership, RPA has most recently published the open-sourced, 180-page Impact Investing Handbook: An Implementation Guide for Practitioners.