Burke & Herbert Bank Donates Hundreds for Homes
Program Results in $28,500 for Homestretch
Alexandria, VA (May 19, 2020) – Burke & Herbert Bank is pleased to announce that it has donated $28,500 to Homestretch, a Falls Church-based non-profit organization that provides housing and comprehensive services to homeless parents and their children in Northern Virginia. The award was made as a result of the Burke & Herbert Bank “Hundreds for Homes” program, which was promoted during Washington Capitals games televised by NBC Sports Washington during the recent NHL regular season.
For every goal scored by the Washington Capitals during the regular season, Burke & Herbert Bank pledged to donate $100 to Homestretch. This season, which was shortened due to the coronavirus outbreak, the Capitals scored 240 goals before play was suspended, and were on pace to score 285 goals. While the season may resume later this year, the Bank decided to present Homestretch with a $28,500 donation now given the increased need for financial support during the coronavirus crises.
“We are honored to be part of the Hundreds for Homes program and the recipient of the resulting $28,500 donation from Burke & Herbert Bank,” said Christopher Fay, Executive Director of Homestretch. “Homestretch has been working doubly hard to help the vulnerable families in our care during the pandemic, so this donation could not have come at a better time. We are deeply grateful to the high-scoring Capitals, NBC Sports Washington, and, of course, Burke & Herbert Bank. On behalf of everyone at our organization and those we serve, thank you for your generosity.”
“As a local community bank, part of our mission is helping our neighbors in need and the Burke & Herbert Bank Hundreds for Homes program is a great way for us to do that,” said Terry Cole, Executive Vice President at Burke & Herbert Bank. “The program not only resulted in a sizeable donation to a worthy cause, it also created additional visibility for Homestretch and the great work that they are doing to provide housing and services to homeless families. And, the season-long program continues to be a very effective vehicle for building broader awareness of Burke & Herbert Bank,” she added.
The 2019-20 NHL season marks the fifth straight year of the Bank’s popular donation sponsorship, launched in 2015 in partnership with NBC Sports Washington, to leverage the excitement of NHL hockey and the enthusiasm of Capitals on-air announcers Joe Beninati and Craig Laughlin to help a deserving local charity. The Bank has donated over $25,000 in each of the past four years to Most Valuable Kids, Alice’s Kids, Connect Our Kids, and Rebuilding Together DC-Alexandria. This year’s donation of $28,500 to Homestretch is the highest amount yet.
Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. The Bank offers a full range of personal and business banking products and services designed to meet customers' banking, borrowing, and investing needs. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia. Member FDIC.
Homestretch, founded in 1990, empowers homeless parents with children to move from crisis to financial independence and long-term stability. Homestretch moves the family into a neighborhood home, and then provides services based on their specific circumstances, needs, and goals. During their time with Homestretch, parents work at a job, pay a percentage of their income for rent, and put money into savings. Ninety percent of Homestretch clients complete the program with a job, an affordable home, their debts paid off, and savings in the bank. Two years after graduation, 95% of Homestretch clients are still working and living in their own homes. For more information visit homestretchva.org.