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U.S. Bancorp Foundation Awards Grants to Denver Community Groups

DENVER, Dec 23, 2003 (BUSINESS WIRE) -- Nonprofit organizations in the Denver area were recently awarded more than $124,000 in grants by the U.S. Bancorp Foundation. Mark Smith, president of U.S. Bank in Denver, announced the affordable housing, artistic and cultural enrichment, economic opportunity and K-12 education grants.

"The holidays are a special time for the people of U.S. Bank to share the joy of the season," said Smith. "During the holidays, it's important to remember many are less fortunate and struggle to meet their basic needs. These nonprofits provide essential services to our families and help make Denver a great place to live. U.S. Bank is proud to be a member of the Denver community."

    Affordable Housing:

    --  Rebuilding Together, Christmas in April - to help repair and
        rehabilitation of homes of low-income home owners especially
        the elderly and disabled; and

    --  Rocky Mountain HDC - to support its affordable housing
        development programs.

    Artistic & Cultural Enrichment:

    --  Arvada Center - to assist with funding its two free
        collaborative visual arts exhibitions with Jefferson County
        Schools;

    --  Cleo Parker Robinson Dance - to enhance the education and
        outreach programs of this cross cultural dance arts company
        rooted in African-American traditions;

    --  Colorado Ballet - to help fund its education and outreach
        programs for children in low income neighborhoods;

    --  Colorado Business Committee for the Arts - to provide support
        for its efforts to catalyze business-arts partnerships to
        create increased arts awareness;

    --  Colorado Historical Society - to help make its multicultural
        family day a reality;

    --  El Centro su Teatro - to provide assistance for
        multi-disciplinary cultural arts organization striving to
        preserve, develop and promote Latino art and culture;

    --  Foothills Art Center - for its Soul Connections: Diversity in
        African-American Arts program; and

    --  Rocky Mountain PBS - to support public television programming.

    Economic Opportunity:

    --  Colorado Nonprofit Development Center - for its incubator that
        helps nonprofits start-up and flourish through technical
        assistance and other services;

    --  Denver Enterprise Center - to provide support for small
        business incubator working toward job creation and
        neighborhood revitalization;

    --  Five Points Business Association - to help the agency that
        acts as a catalyst to stimulate small business and economic
        development in Five Points;

    --  Human Services, Inc. - to assist with its financial literacy
        services and loan fund;

    --  Mi Casa Resource Center for Women - for its programs helping
        primarily low-income women start- up businesses in distressed
        neighborhoods; and

    --  MicroBusiness Development Corp. - to support this
        microenterprise lender.

    K-12 Education

    --  Centro Bienestar - for its educational programs and economic
        opportunities for recent; immigrants and inner-city westside
        residents;

    --  Children's Museum of Denver - for its admissions program for
        low-income children;

    --  Colorado I Have a Dream Foundation - to help its programs that
        encourage at-risk high school students to graduate;

    --  Escuela Tlatelolco Centro de Estudios - to support its school
        serving at-risk youth in northwest Denver;

    --  Girl Scouts - to fund its Girls In Crisis program;

    --  Girls, Inc. - to enhance its educational programs for at risk
        girls in west Denver;

    --  Hope Center - to support its vocational training for
        individuals with special needs;

    --  INROADs Colorado, Inc. - to assist with its Leadership
        Development Institute, a training program for minority youth;

    --  Latin American Research & Service Agency - to help this agency
        that works to improve the education and self-sufficiency of
        Latinos;

    --  Mile High Youth Corps - to help support its programs that help
        youth make a difference through meaningful community service;

    --  Mizel Museum of Judaica - to enhance its educational programs;
        and

    --  National Jewish Medical & Research Center - to help fund its
        educational programs for chronically ill students.

U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 8th largest financial services holding company in the United States. The company operates 2,201 banking offices and 4,506 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

SOURCE: U.S. Bancorp

CONTACT:          U.S. Bancorp
                  Amy Frantti, 612-303-0733

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Copyright (C) 2003 Business Wire.  All rights reserved.

SOURCE: U.S. Bancorp

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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