WSFS Financial Corp. announced the WSFS Foundation and the WSFS Community Foundation merger to form the WSFS Cares Foundation.
The WSFS Foundation, founded in 2003, was the philanthropic arm of WSFS Financial Corporation, while the WSFS Community Foundation, previously the Beneficial Bank Foundation, was founded in 2007 and joined WSFS as part of the acquisition of Beneficial Bank.
Combining these two foundations will allow WSFS to provide even greater support to the Communities throughout the Bank’s footprint. The WSFS Cares Foundation will focus on supporting local nonprofits that provide tools for success, with its key pillars of support as follows:
– Community investments
– Affordable housing
– Revitalization and business economic empowerment
– Education and leadership development
– Strengthening those in need
“For nearly 200 years, WSFS has been deeply rooted in the communities we serve,” said Rodger Levenson, WSFS’s CEO. “The formation of the WSFS Cares Foundation will further enhance our efforts to improve our communities and to promote inclusion and diversity. We look forward to supporting a variety of initiatives aligned with our foundation’s pillars.”