Funding & Development
SunTrust Continues Support for Wake Tech
RALEIGH, N.C. (October 11, 2012)- The SunTrust Foundation will continue its generous support of vital Wake Tech programs with a second contribution to the Wake Tech Foundation’s major gifts campaign, called “The Ripple Effect.” The SunTrust Foundation has presented Wake Tech President Dr. Stephen Scott with a check for $35,000 to fund the newly-created SunTrust Foundation Financial Literacy Initiative. The program will focus on equipping Wake Tech students and employees with financial literacy skills.
“This initiative couldn’t be timelier, as student debt continues to rise nationwide,” President Scott says, “and we’re extremely pleased to have this vital support from SunTrust. We want to help students avoid financial difficulties and enjoy the careers and lives they’ve worked so hard to create.”
“The SunTrust Foundation is proud to support this exciting new Financial Literacy Initiative,” said David Stevens, Regional President and CEO for SunTrust Central Carolina. “Wake Tech has a reputation for making higher education accessible to all and preparing students for meaningful and rewarding employment. Adding financial education to the mix will help those students make wise financial choices as they become tomorrow’s workforce and drive economic growth here in the Triangle.”
SunTrust Bank and the SunTrust Foundation have been avid supporters of Wake Tech since 1993, having contributed nearly $200,000 to the Wake Tech Foundation. Those contributions included $65,000 to establish the SunTrust Center for Strategic Futures in 2009, to convene local leaders to address economic trends and help students prepare for the careers of the future.
The most recent SunTrust Foundation donation, in addition to a $30,000 gift earlier this year, will help the Ripple Effect major gifts campaign reach its working goal of $10 million. The Ripple Effect is a response to record-breaking enrollment at Wake Tech and increased demand for the many training programs and educational options the college offers. The campaign supports scholarships and mentoring initiatives for students, faculty and staff innovation, and technology to provide the most up-to-date training. Investors may make gifts in the form of cash, securities, personal property, and planned gifts of many types.
