DALLAS, Texas – April 29, 2022 – The Regions Foundation, a nonprofit organization primarily funded by Regions Bank, on Friday announced a $250,000 grant to support Promise House, a nonprofit dedicated to providing critical services to homeless and at-risk youth by empowering them with the tools and resources to achieve self-sufficiency and live independently.
The contribution will specifically benefit Promise House’s Emergency Shelter and Transitional Living Programs. The nonprofit’s Emergency Shelter Program provides short-term housing and specialized resources for youth ages 18 to 21. Promise House’s Transitional Living Program helps formerly homeless youth ages 18 to 24 overcome barriers to success by assisting with basic needs and delivering a variety of services that include intensive case management, educational resources, life skills training and career readiness, counseling and more.
“Access to safe, stable and affordable housing impacts every aspect of a child’s development,” said Marta Self, executive director of the Regions Foundation. “Stable housing provides a foundation for children to grow socially, build self-confidence and thrive in school. It also helps propel youth to achieve greater success in work and life. The Regions Foundation is proud to support Promise House’s commitment to help every youth create a safe, nurturing place to call home.”
Research from the National Network for Youth indicates that one in 10 young adults ages 18 to 25 experienced homelessness over a 12-month period. Promise House has adopted an early-intervention approach in its work to help end the cycle of homelessness. National Network for Youth data also indicates that at least 40 percent of adults who are chronically homeless were either in the foster care system or homeless as youth.
“Promise House is one of the only agencies providing emergency shelter to youth in Dallas experiencing shelter insecurity and homelessness,” said Charles Wolford, Chief Executive Officer of Promise House. “Our programs are focused on creating outcomes for youth in crisis that start them on a pathway to self-sufficiency and independence. The Regions Foundation’s generous investment demonstrates their commitment to serving the community and I couldn’t be more excited to have them join in the fight to end youth homelessness.”
Founded in 1984 following a community survey that identified a tremendous lack of support for homeless and runaway youth, Promise House initially operated as a 24-hour, year-round emergency shelter. In the decades since, the nonprofit has significantly expanded its programming to include crisis intervention, pregnant and parenting teen services, and outreach to neglected, abused and at-risk youth and more. Promise House served more than 2,000 clients in 2021 alone.
This gift from the Regions Foundation is making an immediate and long-lasting difference in the lives of young people experiencing homelessness.
Errika Flood-Moultrie, board chair of Promise House
“Without support, young people overcoming homelessness can easily become trapped within the complex walls of poverty finding it hard to escape,” said Errika Flood-Moultrie, board chair of Promise House. “This gift from the Regions Foundation is making an immediate and long-lasting difference in the lives of young people experiencing homelessness.”
Regions Bank in Dallas has previously supported Promise House through a variety of initiatives during the past two years. The bank facilitated a free vision screening event for Promise House residents with Essilor Vision Foundation’s Kids Vision for Life mobile clinic. Regions associates have also conducted a towel collection drive for Promise House residents and the bank recognized the nonprofit’s staff in late 2021 through its “Thank You Forward” campaign.
“Promise House is providing life-changing and, in some instances, literally life-saving programs and services for youth experiencing homelessness in our Dallas community,” said Tyrus Sanders, market executive for Regions Bank in Dallas and a Regions Foundation board member. “Through this generous gift from our colleagues at the Regions Foundation, their work reaching thousands of youth who don’t have a place to turn will continue, empowering them to break the cycle of homelessness and achieve long-term stability.”
About Regions Foundation
The Alabama-based Regions Foundation supports community investments that positively impact communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $164 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,300 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About Promise House
Moving Youth in Crisis toward safety and success. Promise House is leading the charge to end youth homelessness in Dallas. Promise House embraces homeless, runaway and at-risk youth by providing them with individualized support, skills, encouragement and pathways to live a better life. Since 1984, Promise House has had an open-door, 24-hours-a-day, 365-days-a-year to youth and families in crisis serving more than 70,000 children, teens and families. Our free programs include life-saving emergency shelter, transitional housing, pregnant and parenting teen support, counseling, education support and outreach services. Promise House is dedicated to providing the safety, stability and hope that youth need today to fulfill their promise for a healthy, productive and self-sufficient tomorrow. To learn more, please visit www.promisehouse.org.