IRVINE, Calif. – May 31, 2011 – Opus Bank and the Opus Community Foundation
announced today that the Opus Community Foundation’s Board of Directors
approved 13 grant awards. The grant awards will provide financial support
to nonprofit organizations that make a positive and meaningful impact in the
community and improve the quality of life of individuals and families, particularly
the least advantaged, living in or around Opus Bank's communities.
Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank and
Chairman of the Opus Community Foundation, stated, “The Opus Community
Foundation is pleased to partner with these organizations that are committed to
doing so much good in our communities. The organizations with whom we have
chosen to partner serve as critical resources, provide vital services, and reach deep
into our communities with programs that educate, aid, and inspire our youth; or
train, counsel, and support those looking for jobs; and provide food and shelter for
those with the greatest need.”
Katie Steele, Executive Director of the Opus Community Foundation,
commented, “This is an exciting time for Opus Bank and the Opus Community
Foundation as we connect with, learn from, and reinvest in our communities. It is
inspiring to see how committed our firm, its board and team members are to giving
back to the community from the very beginning. It sets a precedent for the future
and demonstrates our commitment to making a difference in the lives of those living
in our communities.”
The foundation’s grants were awarded to Los Angeles and Orange County-based
nonprofit organizations with a focus on affordable housing, education, financial
literacy, critical health issues, or the arts. These groups include:
Boys and Girls Club of Laguna Beach received a grant to support their pre-school
program, which prepares children from low income families to enter kindergarten
at the same educational level as other children in the community.
Children’s Hospital of Orange County (“CHOC”) received a grant to support their
medical programs that are designed to improve the health and well-being of
children through clinical expertise, advocacy, outreach, and research that brings
advanced treatment to pediatric patients.
City Year of Los Angeles received a grant to support their service programs that
place young adult volunteers in public schools in under-resourced neighborhoods.
Volunteers serve as tutors, mentors, and role models to help students and schools
succeed by leading school-based service programs, youth leadership programs, and
Community Action Partnership of Orange County received a grant to support their
2 Kids Program that provides nutritional education and fresh produce to children
attending schools in low income neighborhoods of Orange County.
Families Forward received a grant to support their programs that provide families
in need with rent assistance, food, clothing, school supplies, and counseling.
Los Angeles Neighborhood Housing Services received a grant to support their
programs that build stronger neighborhoods, improve the quality of life for families
of modest means, and revitalize communities through financial education and the
development of affordable housing.
Orange County Community Housing Corporation received a grant to support their
facilities and programs, which provide families with affordable housing, stability,
and education, all of which are focused on helping the families become self-reliant.
Orangewood Children’s Foundation received a grant to support their scholarship
program, which sponsors Orangewood youth attending 80 universities, community
colleges, and trade schools in 15 states. Orangewood’s focus is on the ongoing
needs of children in the foster care system, developing a wide range of activities,
scholarships, support, and programs to give every child every chance to succeed.
Palos Verdes Land Conservancy received a grant to support their educational
programs for elementary school children and focused on the peninsula’s natural
Shakespeare by the Sea received a grant to support their programs that provide
access to theatrical experiences to underserved, culturally diverse audiences
throughout Southern California.
UCLA Anderson School of Management received a grant to support its Riordan
Program, which provides educational courses, mentorship, and professional
development for high school and college students and recent graduates from
University of California, Irvine received a grant to support their Summer Financial
Literacy program that provides a residential education experience focused on
financial literacy to young women from underserved, low-to-moderate income areas
of Southern California.
YWCA of the Harbor Area received a grant to support their programs that provide
child care and promote economic self-sufficiency for women from low-to-moderate
income neighborhoods in the South Bay area of Los Angeles.
About Opus Community Foundation
The Opus Community Foundation is a private 501(c) (3) organization established
by Opus Bank on September 30, 2010. The Opus Community Foundation targets its
philanthropic efforts in the
areas of affordable housing, community development, education, financial literacy,
critical health issues, and the arts. The foundation’s goal is to stimulate economic
reinvestment, inspire philanthropy, and strengthen the communities around us.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with $708.0 million of
total assets, $182.0 million of total loans, $293.8 million in total deposits, and $399.9 million of
total equity, as of March 31, 2011. Opus Bank provides high value, relationship-based banking
products and exceptional service to its clients comprised of small and mid-sized commercial
businesses, entrepreneurs, real estate investors, high-net-worth individuals, professionals, and
consumers. Opus Bank offers a wide range of loan products, including commercial and
industrial, commercial real estate, multifamily residential, jumbo single-family residential,
consumer loans, and is a Small Business Administration (“SBA”) Preferred Lender. Opus Bank
operates banking offices in Los Angeles County, located in the communities of Manhattan
Beach, Rancho Palos Verdes/San Pedro, Redondo Beach, Rolling Hills Estates, and Torrance,
and maintains an executive and administrative office in Irvine, located in Orange County,
California. For additional information about Opus Bank, please visit our website:: www.opusbank.com