Per Scholas Announces Three Senior Leadership Promotions

Poised to Advance Key Initiatives in Enterprise Solutions, Culture Advancement, & Professional Development for Learners 

BRONX, NY (October 31, 2023): Per Scholas, a national nonprofit committed to advancing economic mobility and unlocking potential through technology career training, today announced the exciting promotions of three invaluable leaders: Caitlyn Brazill to Chief Revenue Officer (CRO), Montreece Smith to Chief People Officer (CPO), and Noah Mitchell to Deputy Chief Training Officer (DCTO). 

Caitlyn Brazil is promoted to Chief Revenue Officer (CRO) after successfully holding the position of Chief Development Officer (CDO) at Per Scholas for more than six years. In her new role, Caitlyn will drive a cohesive revenue strategy with consistent messaging aimed at our key stakeholders: employers, philanthropic partners, and learners. She will also oversee three closely interconnected departments: Marketing and Communications, Enterprise Solutions, and Development. Per Scholas recognizes Caitlyn for spearheading the strategic planning and implementation of the organization’s sustainability and growth model, which had a significant impact across all Per Scholas locations. During her tenure as CDO, Caitlyn was instrumental in  providing the necessary resources to quadruple the organization’s annual impact. 

“It is an honor to be elevated to the role of Chief Revenue Officer at Per Scholas,” said Caitlyn Brazill. “It’s of utmost importance for me to use my new position to connect more enterprises with diverse, often overlooked skills-trained talent. Bridging the tech talent gap is more than just filling roles, it’s about fueling economic growth and ensuring a diverse, inclusive workforce.”

Per Scholas’ new Chief People Officer (CPO), Montreece Smith formerly held the position of Executive Vice President, People for Per Scholas, where she played a crucial role in the People Strategy and its connection to the goals of our rapidly expanding organization. As CPO, Montreece will carry the responsibility of driving organizational results through a high-performing culture characterized by accountability, professional growth, psychological well-being, and wellness for Per Scholas. 

Finally, Per Scholas’ Noah Mitchell will assume a new role as Deputy Chief Training Officer (DCTO) that will be pivotal in driving our primary initiatives as we expand to meet our training targets for 2024. This will involve setting performance standards for sourcing learner candidates, establishing connections with our talent solutions pathway, and supervising the professional development of our learners. Noah previously served as the Regional Senior Vice President for Per Scholas and is the former Managing Director for Per Scholas Columbus.

“The recognition of these three incredible leaders at Per Scholas is a testament to their dedication to being a driver of economic mobility,” said Plinio Ayala, President & CEO, Per Scholas. “Their passion, perseverance and commitment to our mission and culture pave the way for all future leaders and will play a vital role in helping Per Scholas ultimately change the face of tech.”

About Per Scholas 

For more than 25 years, Per Scholas has been advancing equity and increasing opportunity across America. Per Scholas unlocks potential for individuals, communities, and employers through rigorous training for careers in tech. Partnering with dynamic employer partners, from Fortune 500 companies to innovative startups, we are building sustainable and diverse talent pipelines, together changing the face of tech. With national remote training and campuses in 20+ cities and growing, Per Scholas offers tuition-free training in the most in-demand tech skills, including Cloud, Cybersecurity, Data Engineering, IT Support, Software Engineering, and more.

To date, more than 20,000 individuals have gained the skills to launch high-growth tech careers, earning three times their pre-training wage. Diversity, equity, inclusion, and belonging is in our DNA: 85 percent of Per Scholas learners are people of color, two in five are women, and more than half have a high school diploma as their highest education credential. Visit PerScholas.org and follow us on LinkedIn, X/Twitter, Facebook, Instagram, and YouTube.

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We’re thrilled to announce Per Scholas has been awarded a grant from Okta as part of their cybersecurity workforce development initiative, which coincides with Cybersecurity Awareness Month! We are one of ten grantees of a $1.6 million award for organizations focused on inclusive pathways into technology. This new philanthropic and educational grant aims to advance inclusive pathways into tech and cyber industries.

Cybersecurity is a growing sector of the tech industry that is critical for many businesses. Click here to learn more about our Cybersecurity courses.

Read Okta’s full press release here.

Per Scholas Honors Trailblazers in Equity with Per Scholas Diverse by Design North Star Award

Honorees recognized at Per Scholas Diverse by Design: A Day of Unlocking Potential

PURCHASE, NY — On October 2, 2023, Per Scholas, a national nonprofit committed to advancing economic mobility and increasing access to tech careers, hosted its Third Annual Per Scholas Diverse by Design North Star Awards Ceremony that recognized partners whose efforts drive significant Diversity, Equity, Inclusion, and Belonging (DEIB) impact. The ceremony took place at Per Scholas’ annual “A Day of Unlocking Potential” event at the Brae Burn Country Club in Purchase, New York, that gathered tech enthusiasts, equity advocates, business leaders, Per Scholas alumni, and philanthropists all committed to diversifying America’s technology workforce.

This year’s distinguished honorees of the Per Scholas Diverse by Design North Star Award were Dr. Marian Croak, Vice President of Engineering, Responsible AI & Human Centered Technology at Google, Reshenda Daniels, Global Director of Talent, DEI & Accessibility at Visa, Russell Contreras, Senior Race & Justice reporter at Axios, and Black Theatre United, accepted by Founder Vanessa Williams. Together they build on the legacy of past honorees, such as Pittsburgh Steelers Coach Mike Tomlin who received the North Star Award last year for his dedication to diversity for the NFL. 

“These individuals are not just honorees – they are torchbearers for an inclusive future,” said Damien Howard, Chief Enterprise Solutions Officer at Per Scholas and Co-Founder of Diverse by Design. “Their relentless dedication is reshaping industries and creating spaces where everyone can thrive.”

Started in 2016 with ITSMF, Per Scholas Diverse by Design aids businesses in crafting a pipeline filled with diverse candidates, ranging from entry to executive levels, all equipped with skills customized to the company’s needs. Since launching 28 years ago, Per Scholas has enrolled more than 20,000 learners across its 20+ campuses to help usher them into thriving careers with their 850+ corporate partners.

“We must strive to create an environment where everyone’s contributions are recognized, and opportunities for career advancement are available,” said Reshenda Daniels, Global Director of Talent, DEI & Accessibility at Visa. “We must ensure that there is a voice for the voiceless in the corporate space.”

This star-studded day of golf and an evening of giving was made possible thanks to our generous supporters: Marquee sponsor TEKsystems; Birdie sponsors Capgemini, Deloitte, and Liquid Technologies; Par sponsors The Anna-Maria & Stephen Kellen Foundation, Arch Global, CDW, Cooperative Laundry, Delta, Ikon Business Group, Mitchell Martin, Ponce Bank, and Team Spraggins; and of course, Per Scholas Diverse by Design supporters TEKsystems, Capgemini, CGI, Chubb, Comcast NBCUniversal, Google, and NFL Foundation. 

To learn more about Per Scholas and its mission to advance economic equity through rigorous training for tech careers and to connect skilled talent to leading businesses, visit: https://perscholas.org/. To learn more about Per Scholas Diverse by Design visit www.diversebydesign.org.

About Per Scholas Diverse by Design

Per Scholas Diverse by Design launched in 2016 with Information Technology Senior Management Forum (ITSMF) to make a meaningful impact and increase diversity, equity, inclusion, and belonging (DEIB) in technology. Per Scholas Diverse by Design promotes solutions-driven conversations about diversity, equity, and inclusion within the tech. We also produce meaningful content that empowers C-suite leaders to make both valuable and socially impactful decisions for their organizations and provide access to sophisticated customized training and talent sourcing solutions to meet companies’ talent demands while transforming the diversity landscape of their organizations.

About Per Scholas 

For more than 25 years, Per Scholas has been advancing equity and increasing opportunity across America. Per Scholas unlocks potential for individuals, communities, and employers through rigorous training for careers in tech. Partnering with dynamic employer partners, from Fortune 500 companies to innovative startups, we are building sustainable and diverse talent pipelines, together changing the face of tech. With national remote training and campuses in 20+ cities and growing, Per Scholas offers tuition-free training in the most in-demand tech skills, including Cloud, Cybersecurity, Data Engineering, IT Support, Software Engineering, and more.

To date, more than 20,000 individuals have gained the skills to launch high-growth tech careers, earning three times their pre-training wage. Diversity, equity, inclusion, and belonging is in our DNA: 85 percent of Per Scholas learners are people of color, two in five are women, and more than half have a high school diploma as their highest education credential. Visit PerScholas.org and follow us on LinkedIn, X/Twitter, Facebook, Instagram, and YouTube.

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We’re thrilled to announce that Per Scholas Chicago, led by Senior Managing Director Andi Drileck, has been selected as a finalist for the Chicago Innovation Awards! 

As a Top 100 Finalist, Per Scholas Chicago is also a candidate for the People’s Choice Award! Voting is open until October 17, 2023. The People’s Choice Award winner will be celebrated alongside the other 20 winners at the 22nd annual Chicago Innovation Awards on November 16th at the UIC Forum.

To select Per Scholas Chicago for the People’s Choice Award, click the link below and scroll to the 7th page of nominees. 

Click here to vote for Per Scholas Chicago!

Per Scholas Celebrates $20 Million Investment from Philanthropist MacKenzie Scott

Transformational Investment Propels and Positions Tech Skills Nonprofit for National Future Impact

BRONX, New York (September 28, 2023) – Per Scholas, a national nonprofit committed to advancing economic mobility and unlocking potential through technology career training, today announced a $20 million investment from philanthropist MacKenzie Scott.

Receiving this transformational investment from MacKenzie Scott, one of the most dynamic philanthropists in modern times, is a testament to Per Scholas' impact over our nearly 30 year history. As we've evolved from a computer recycler in the South Bronx to a technical skills trainer in 22 cities and counting across America, we are so grateful for this $20 million gift – the largest, unrestricted funding our organization has ever received. This investment will propel Per Scholas for even greater national impact well into the future, centered on growth and innovation and ensuring our alumni achieve a thriving wage through our Career Accelerator. — Plinio Ayala, President & CEO, Per Scholas

To date, Per Scholas has prepared more than 20,000 individuals across the U.S. for high-growth careers in technology by offering tuition-free, rigorous, 12- to 15-week training in the nation’s most in-demand tech skills. The evidence-based Per Scholas model has been proven in multiple gold-standard research studies, and on average, Per Scholas-trained technologists go on to earn three times their pre-training wage in their first job following graduation. All told, Per Scholas graduates have earned more than $2.4 billion in their post-Per Scholas careers, powering economic advancement in communities across the nation.

Per Scholas connects graduates to high growth careers through our network of 850+ employer partners, ranging from Fortune 500 companies to innovative startups, and supports alumni through the organization’s latest innovation, the Career Accelerator, which provides Per Scholas alumni short-term upskilling opportunities, in turn propelling careers. As a result, every dollar invested in Per Scholas results in at least $8 in net economic return.

I'd like to express my most heartfelt gratitude to Per Scholas staff, funders, employer partners, and supporters, who have believed in our mission to advance economic equity and increase opportunity through America's hottest sector - technology. While the COVID-19 pandemic disrupted life in ways previously unimagined, it presented the opportunity for Per Scholas to innovate a new delivery model, which proved so successful that we were able to scale our impact four-fold. I echo Plinio's gratitude to Ms. Scott - this $20 million investment will certainly position Per Scholas well into our next decade of unlocking potential. — Lewis Miller, Per Scholas Co-Founder and National Board Chair

Today, Per Scholas operates in 20+ U.S. markets including Atlanta, Baltimore, Greater Boston, Chicago, Greater Cincinnati, Columbus, Dallas, Denver, Detroit, Houston, Indianapolis, Los Angeles, Newark, New York, North Carolina, Philadelphia, Pittsburgh, Phoenix, Seattle, St. Louis, and Washington, D.C. This investment will enable Per Scholas to continue to expand its training and talent solutions to additional communities across the United States, with the goal of training 10,000 learners per year by 2026.

About Per Scholas
For more than 25 years, Per Scholas has been advancing equity and increasing opportunity across America. Per Scholas unlocks potential for individuals, communities, and employers through rigorous training for careers in tech. Partnering with dynamic employer partners, from Fortune 500 companies to innovative startups, we are building sustainable and diverse talent pipelines, together changing the face of tech. With national remote training and campuses in 20+ cities and growing, Per Scholas offers tuition-free training in the most in-demand tech skills, including Cloud, Cybersecurity, Data Engineering, IT Support, Software Engineering, and more.

To date, more than 20,000 individuals have gained the skills to launch high-growth tech careers, earning three times their pre-training wage. Diversity, equity, inclusion, and belonging is in our DNA: 85 percent of Per Scholas learners are people of color, two in five are women, and more than half have a high school diploma as their highest education credential. Visit PerScholas.org and follow us on LinkedIn, X/Twitter, Facebook, Instagram, and YouTube.

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Meet Esther, Per Scholas Dallas Graduate & Technologist 

Esther is just one of Per Scholas’ 20,000+ alumni. She’s a proud Per Scholas Dallas IT Support graduate and successful career switcher, living her dream of working in tech. Click below to hear her story and how she’s benefitting from the Career Accelerator – earning more stackable credentials to propel her tech career! 

Salesforce Accelerator selected six nonprofits for their philanthropic initiative to help purpose-driven organizations gain equitable access to trusted generative AI technologies. Per Scholas was selected as one of the nonprofits that The Accelerator will distribute a $2 million pool to in order to advance equitable use of trusted generative AI, participate in a customized program that includes six months of intensive coaching from Salesforce experts and pro bono volunteers, along with 1-on-1 consulting access for 12 months to provide guidance on topics ranging from generative AI, product design, and solution architecture, and gain access to a 24-month contract for donated Salesforce products to support the development of their proposed AI-driven initiatives.

Check out the full press release here.

On August 18th, Per Scholas St. Louis celebrated its largest graduation yet as 21 learners graduated from the most recent IT Support course. The cohort was incredibly diverse, ranging in age from 19 to 50 years old, included  11 men and 10 women, several of whom were parents. The graduating technologists originated from a variety of professional backgrounds, including retail, warehouse work, and finance, but all are now fully prepped to launch high-growth careers in tech.

Hosted by Deputy Chief Training Officer Noah Mitchell, graduates in attendance heard from our community partner, Tydrell Stevens, Regional Director of Save Our Sons, Urban League of Metropolitan St. Louis, who congratulated the new graduates and spoke about our organizations’ joint missions. 

Attendees also heard from the selected class speaker, Kristina Henderson, before receiving their certificates, officially graduating from the IT Support program. Next followed the presentation of the Core Value Honors. At every graduation, honors are bestowed to graduates who exemplify our core values of Ambition, Integrity, Professionalism, Resourcefulness, Perseverance, and Commitment to Service. The awards for the graduating St. Louis IT Support cohort were as follows:

• Ambition – Allen Morgan
• Integrity – Srilatha Ramakrishna
• Professionalism – Isaiah Word
• Resourcefulness – Brian Green II
• Perseverance – Myiesha McCray
• Commitment to Service – Karen Taylor

The Keynote Address was presented by Sam Fiorello, President & CEO of Cortex Innovation Community. Cortex Innovation Community graciously welcomed Per Scholas St. Louis as it technical skills trainer of choice to ensure a more equitable and inclusive St. Louis. 

Finally, the event featured a special message from Per Scholas President and CEO Plinio Ayala. Plinio congratulated the graduates on their incredible accomplishment, encouraging Per Scholas alumni to always continue learning and growing, and wished them luck as they embarked on their newfound careers in the tech industry. Watch Plinio’s video message here. 

Learn more about upcoming training opportunities at Per Scholas St. Louis and apply by visiting https://perscholas.org/locations/st-louis/. 

As part of Per Scholas’ mission to promote equitable access to education, Per Scholas North Carolina has partnered with Truist Foundation, an organization committed to building career pathways to economic mobility and strengthening small businesses. The partnership will allow us to expand our training to rural communities across North Carolina. This month, Truist Foundation awarded Per Scholas with a $1 million grant, and our organizations held a joint event focused on professional development. 

Truist Foundation Grant Reception

On August 10th, Truist Foundation announced that it would be committing $2 million to promote economic mobility through technology-oriented training initiatives in communities across North Carolina. Per Scholas received $1 million from this initiative, with the other $1 million going to tech training nonprofit NPower. 

This generous grant will be used to double the size of Per Scholas North Carolina’s existing training program, allowing us to increase access and opportunity for high-growth careers in tech to learners across North Carolina. Per Scholas will be growing its partnership with Wilkes Community College to provide tech skills, professional development, and coaching to learners in Western North Carolina, outside of Charlotte city limits, and offer remote training programs to learners in rural areas of the state.

Per Scholas Chief Development Officer Caitlyn Brazill attended the remarkable event. Also in attendance were Heath Campbell –Regional President of Metrolina, Truist Financial Corporation; Bill Rogers – Chairman and CEO, Truist Financial Corporation; Erskine Bowles – Co-Founder, Housing Impact Fund; George Dunlap – Chairman of the Board, Mecklenburg County Commission; Keitt King – Head of Truist Community Capital; and Bertina Ceccarelli – CEO, NPower.

Lynette Bell – President, Truist Foundation, moderated a panel with Mike Terrell – Managing Director, Per Scholas North Carolina; Adelaide Martin – Operations & Impact Manager, Ascent Housing; and Ray Trapp – Executive Director, NPower North Carolina.

“Per Scholas is grateful for this tremendous investment into Per Scholas North Carolina from Charlotte-based Truist Foundation, helping to increase pathways to economic mobility for North Carolinians,” said Mike Terrell, managing director of Per Scholas North Carolina. “We know the transformative impact a career in technology can have on individuals, and increasing access and opportunity is key…We’re very humbled by Truist Foundation’s grant, which will help us unlock potential for even more aspiring rural technologists, in turn building stronger communities, companies, and economies.” 

Per Scholas North Carolina Truist Volunteer Event

Per Scholas North Carolina and Truist Foundation held a joint event on August 10th, in which volunteers from Truist paired with Per Scholas North Carolina technologists, providing our technologists with the opportunity to learn from industry professionals and practice their growing professional development skills. 

20% of Per Scholas’ training curriculum centers on professional development and coaching, with emphasis on the essential skills of problem solving, collaboration, innovation, and leadership. Opportunities like these in which future tech professionals can meet and learn from established industry experts are priceless in fostering these skills and are a great way for technologists to begin building their professional networks. 

After the paired coaching sessions, Per Scholas North Carolina’s Manager of Strategic Partnerships Desiree Patterson led participants in a Talk Back session, in which everyone discussed what they had learned and reflected on how they would use what they had learned to grow going forward. 

The event, which was hosted by Per Scholas North Carolina Campus Director Dr. Jastacia Jones, also included remarks from Truist’s Chief Financial Officer,  Mike Maguire, who delivered the announcement of Truist’s $1 million grant to Per Scholas, and from Per Scholas North Carolina Managing Director Mike Terrell, who expressed Per Scholas’ sincere gratitude to Truist in supporting our joint mission, and thanked the participants of the event. 

Read more about Truist Foundation’s $1 million grant to Per Scholas here and here. 

NPower and Per Scholas Each Receive $1M Grants from Truist Foundation to Support Tech Training Across North Carolina  

Grants will help expand access to careers in technology, boost
economic mobility for underserved adult learners

CHARLOTTE, N.C., Aug. 10, 2023 – In an era where technology and digital prowess have become essential for many job opportunities, Truist Foundation today announced $2 million in commitments to support a singular focus: forging pathways to economic mobility through technology-oriented training initiatives in communities across North Carolina. A $1 million grant will go to national tech training nonprofit NPower and a separate $1 million grant will go to Per Scholas, a national nonprofit that aims to advance economic equity through training for tech careers. 

“North Carolina has long been a thriving tech hub, but not everyone has access to the opportunities it offers,” said Lynette Bell, president of Truist Foundation. “Truist Foundation wants to make careers in tech accessible to everyone across the state, and by offering coursework and career opportunities in more communities, NPower and Per Scholas are helping to break down those barriers to entry.” 

Per Scholas will use its funding to double the size of its technology skills training program offering in the Tarheel state. Through dynamic partnerships, Per Scholas North Carolina will offer remote training programs to more than 250 learners in rural areas of the state in an effort to increase access and opportunity for high-growth careers in technology. 

As it expands, the organization will grow its powerful partnership with Wilkes Community College to provide tech skills, professional development and coaching to learners in Western North Carolina, outside of Charlotte city limits. With a robust roster of employer partners, from Fortune 500 companies to innovative startups, some previous Per Scholas North Carolina graduates were able to double their pretraining wages in their first tech job, which can result in sustainable economic mobility.

“Per Scholas is grateful for this tremendous investment into Per Scholas North Carolina from Charlotte-based Truist Foundation, helping to increase pathways to economic mobility for North Carolinians. We know the transformative impact a career in technology can have on individuals, and increasing access and opportunity is key. Per Scholas North Carolina has seen the impact of our rural training model already, injecting more than $1.9 million back into local communities,” said Mike Terrell, managing director of Per Scholas North Carolina. “We’re very humbled by Truist Foundation’s grant, which will help us unlock potential for even more aspiring rural technologists, in turn building stronger communities, companies and economies.”  

Using the grant funds, NPower will expand its free flagship Tech Fundamentals training program into North Carolina for the first time with a location in Raleigh—a vibrant city within the Research Triangle community. The 16-week training program addresses barriers that exist among young adults ages 18 to 26, military-connected individuals and women of color eager to enter the field of technology.

The ambitious expansion seeks to attract, educate and empower at least 150 new learners over the course of the grant, and aims to hone their skills to master the art of information technology (IT) with the expectation of acquiring expertise equivalent to professionals with one to two years of experience. One of the goals of this initiative is for the impact to extend beyond the boundaries of learning, enabling these graduates to confidently embrace the digital economy and its myriad possibilities.

“Real innovation begins when the problem statement is clear and there is a sincere commitment to address it. That’s why we’re thrilled to be partnering with Truist Foundation for our expansion into North Carolina,” said Bertina Ceccarelli, CEO of NPower. “Empowering underserved communities through innovation in tech and embracing diversity isn’t just a vision; it’s the driving force behind NPower’s mission, where every challenge becomes an opportunity to pave the way for a brighter, more inclusive tomorrow.”

During an event at Truist Center in Charlotte, Truist Financial Chairman and CEO Bill Rogers joined Bell, Ceccarelli and Caitlyn Brazill, chief development officer of Per Scholas, to formally announce the grants and discuss their impact across North Carolina. Terrell and NPower Executive Director Ray Trapp also participated in a panel moderated by Bell to discuss the importance of progressing economic mobility in North Carolina.

North Carolina is known as a tech hub in the U.S. In 2021, commercial real estate leader CBRE ranked Raleigh-Durham and Charlotte among the top tech talent markets in the U.S. and Canada. According to their findings, Charlotte proved to have one of the most diverse tech talent workforces in the U.S. and ranks among the top 10 states in the nation for total employment in this sector. 

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About NPower

NPower is a national nonprofit on a mission to move people from poverty to the middle class by training youth from underserved communities and military-connected individuals in a range of tech skills and placing them in quality jobs. Students who enter their free, six-month program, earn industry-recognized certifications and graduate with the competencies of an IT professional with one to two years of experience. NPower also places students in paid internships with corporate and nonprofit organizations. Eighty percent of NPower graduates get a full-time job or continue their education. Not only is NPower changing life trajectories for individuals from vulnerable communities, but they are also strengthening the overall competitiveness of U.S. businesses hamstrung by today’s limited pool of IT talent. To learn more about NPower, visit www.npower.org.

About Per Scholas

For more than 25 years, Per Scholas has been advancing equity and increasing opportunity across America. Per Scholas unlocks potential for individuals, communities, and employers through rigorous training for careers in tech. Partnering with dynamic employer partners, from Fortune 500 companies to innovative startups, we are building sustainable and diverse talent pipelines, together changing the face of tech. With national remote training and campuses in 20 cities and growing, Per Scholas offers tuition-free training in the most in-demand tech skills, including Cloud, Cybersecurity, Data Engineering, IT Support, Software Engineering, and more. To date, more than 20,000 individuals have gained the skills to launch high-growth tech careers, earning three times their pre-training wage. Diversity, equity, inclusion, and belonging is our DNA, with 85 percent of learners are people of color, two in five are women, and more than half have a high school diploma as their highest education credential. Learn more by visiting PerScholas.org and follow us on LinkedIn, Twitter, Facebook, Instagram, and YouTube. For local updates, follow Per Scholas North Carolina on LinkedIn and Facebook. 

About Truist Foundation

Truist Foundation is committed to Truist Financial Corporation’s (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. Truist Foundation grants and activities focus on building career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Foundation.

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Truist Financial Corporation (NYSE: TFC) and Truist Foundation today announced $17 million in commitments to support affordable housing in Charlotte and career development and economic mobility programs across North Carolina.

The Truist commitment consists of three initiatives:

• $15 million equity investment from Truist Community Capital in the Housing Impact Fund II to combat displacement, secure affordable housing and facilitate critical services for low-to-moderate income families across Mecklenburg County. It is the second such fund formed by Erskine Bowles, former head of the U.S. Small Business Administration and White House Chief of Staff under President Clinton, and Nelson Schwab, a founding partner of Carousel Capital.
• $1 million Truist Foundation grant to Per Scholas North Carolina to expand technology skills training in rural North Carolina.
• $1 million Truist Foundation grant to NPower to provide technology skills and employment opportunities for military-connected individuals and underserved young adults in the Raleigh community.

Read the Truist press release here.