ARLINGTON, Texas—The Texas Trust Gives Foundation, the charitable arm of Texas Trust CU, said it boosted its giving in North Texas in 2024 to more than $315,000, an 18% increase over the total giving of $267,000 in 2023.
The foundation detailed its activities in its 2024 annual report, noting that since it launched in 2020, well over $800,000 has been awarded to local school districts and beneficial community projects.
“Our foundation is growing and so is our giving,” Executive Director Washima Huq said in a statement. “In 2024 we created a new community impact grant to help with needs outside of the classroom. That includes school supplies, uniforms, and shoes for students in underserved communities, in addition to year-round support of food pantries and care closets offered by some of our school districts.”
In 2024, the foundation awarded more than $193,000 in grants, a 24% increase over the amount awarded in 2023. The source of these grants is revenue from debit card swipes by cardholding members, with one cent set aside for each swipe. As those funds build up, the foundation has the money to award grants to local school districts.
Additional donations – thanks to the generosity of Texas Trust employees – amounted to more than $52,000 in 2024, a 44% increase over the $36,000 given in 2023. The number of employees who donate nearly doubled in 2024, Huq noted. Texas Trust employees also volunteered 1,700 hours of their own time for charitable purposes in 2024, taking part in 46 events. That is more than double the number of hours in 2023.
Major beneficiaries of the employee giving and volunteerism were Mission Arlington – where employees worked in the organization’s warehouse on their All Team Meeting day – and Toys for Tots, Santa’s Helpers, Salvation Army, Rust Street Ministries, and Taste Project.
In addition, the foundation awarded $70,000 in college scholarships for students attending colleges, universities, and certification schools in the area Texas Trust serves.
“We are elated that this foundation has been able to invest more than $800,000 in our communities to build brighter financial futures, and we are committed to expand our giving to touch more hearts and change more lives in 2025,” Huq said.