FirstBank Holding Company, the Lakewood-based holding company for the largest locally owned banking organization in Colorado, today announced the results of its annual community investment program. In 2011, FirstBank contributed cash donations totaling more than $4.2 million to over a thousand nonprofit organizations across the state.
According to data listed by the Denver Business Journal in its 2011-2012 “Giving Guide,” FirstBank’s contributions make the bank the second most charitable corporation and most charitable bank in Colorado by annual cash donations.
With these contributions the bank surpassed a major milestone: since 2000, FirstBank has donated more than $36 million to area nonprofits.
“FirstBank invests heavily at the local level because we recognize that nonprofit organizations are integral to the social fabric of Colorado,” said John A. Ikard, CEO of FirstBank Holding Company. “Nonprofits are a major economic force in Colorado, and a healthy nonprofit sector makes for a stronger overall business climate — for FirstBank and all local companies. When you consider the dynamics, investing in the community is not only the right thing to do, it’s also good business.”
FirstBank partnered with the Community First Foundation to donate $500,000 to support its second annual Colorado Gives Day, a one-day online initiative aimed at increasing philanthropy in Colorado. The donation included a lead gift to the Colorado Gives Day incentive fund, funds to help offset credit card processing fees and $60,000 in Mile High prize money to reward nonprofits for going above and beyond in their fundraising efforts. The bank’s contribution helped the program raise $12.7 million, benefitting hundreds of Colorado nonprofit organizations.
While FirstBank supports a wide variety of organizations in Colorado, a majority of the bank’s community investments support nonprofit organizations focused on affordable housing, education and economic development. For example:
Habitat for Humanity of Colorado
Through volunteer labor and donations of money and materials, Habitat for Humanity builds and rehabilitates simple, decent houses alongside homeowner (partner) families. Over the past 30 years in Colorado, Habitat for Humanity has organized more than 1 million volunteers and $80 million in donations to bring 1,000 families affordable homeownership.
Junior Achievement educates and inspires young people to value free enterprise, business and economics to improve the quality of their lives. The organization uses hands-on experiences to help students understand the “economics of life.”
American Red Cross Mile High Chapter
The American Red Cross provides relief to victims of disaster and helps people prevent, prepare and respond to emergencies. Through locally supported chapters, more than 15 million people gain the skills they need to prepare for and respond to emergencies in their homes, communities and world.
Food Bank of the Rockies
Food Bank of the Rockies provides food supplies to more than 1,100 hunger-relief programs. Since its inception in 1978, Food Bank of the Rockies has provided more than 336 million meals for people in need.
Susan G. Komen Race for the Cure
As the world’s largest grassroots network of breast cancer survivors and activists, Susan G. Komen for the Cure is working to save lives, empower people, ensure quality care for all and energize science to find cures for breast cancer. The Susan G. Komen Race for the Cure has become the largest source of nonprofit funds dedicated to the fight against breast cancer.
YMCA of Metro Denver
Providing services to the community since 1875, the YMCA of Metro Denver aims to build strong kids, strong families and strong communities by offering a multitude of programs, classes and activities for residents in the greater Denver area at five branch locations.
FirstBank operates more than 125 locations in Colorado, Arizona and California. FirstBank is the largest locally owned banking organization in Colorado, serving more than 600,000 customers. Since 2000, FirstBank has contributed thousands of volunteer hours to charitable organizations.
FirstBank is unique in that a majority of its stock is owned by management and employees. For more information, go to http://www.efirstbank.com .