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U.S. Bancorp Foundation Awards Grants to 30 Denver Area Nonprofits

DENVER--(BUSINESS WIRE)--Nov. 2, 2004--Denver area community groups were recently awarded more than $260,000 in grants by the U.S. Bancorp (NYSE:USB) Foundation. Mark Smith, president of U.S. Bank in Denver, announced the affordable housing, artistic and cultural enrichment, education, and economic opportunity grants.
"These organizations are a vital part of the Denver community and help make affordable housing, the arts and economic opportunities accessible to more people," said Smith.

Affordable Housing:

-- Brothers Redevelopment, Inc. - to assist with its home maintenance and repair program for low-income seniors;

-- Colorado Affordable Housing Partnership (CAHP) - to support the merger of the CAHP and two other organizations to become the premier agency covering affordable housing issues and concerns;

-- Colorado Coalition for the Homeless - to help with building new rental housing communities;

-- Colorado Housing Assistance Corporation - to support its homeownership education and counseling programs;

-- Colorado Housing Enterprises - to assist its affordable housing programs;

-- Habitat for Humanity of Metro Denver - to provide support for its self-sufficiency component of their homeownership program;

-- Hope Communities, Inc. - to enhance its education programs for families in their affordable housing programs;

-- Housing and Homeless Funding Coalition - to help with its long-term, systemic change in housing for low-income and homeless families through a coalition of foundation funders;

-- Mercy Housing SouthWest - to assist with its affordable housing programs;

-- Mile High Housing Fund - to support its staff training program;

-- Neighborhood Partners - to help fund its maintenance and repair program for elderly and low-income residents;

-- Northeast Denver Housing Center - to provide assistance for its affordable housing and homeownership programs; and

-- SouthWest Improvement Council - to help fund its housing development and home ownership programs.

Artistic & Cultural Enrichment:

-- Colorado Business Committee for the Arts - to support its production of the Economic Impact Report of Arts and Culture in metro Denver.

Economic Opportunity:

-- Colorado Association of Nonprofit Organizations - to support its production of the 2004 Colorado Nonprofit Report and their 2005 nonprofit training workshops;

-- Colorado Coalition Against Domestic Violence - to assist with its education and self-sufficiency programs;

-- Colorado Enterprise Fund - to help with its small business lending and technical assistance programs;

-- Colorado Nonprofit Development Center - to provide support for its office services and technical assistance for start-up nonprofits organizations;

-- Denver Small Business Development Center - to help its small business and technical assistance programs;

-- Mi Casa Resource Center for Women - to support its small business and micro-enterprise programs that assist primarily low-income women increase their economic self-sufficiency;

-- Neighborhood Resource Center of Colorado - to assist with its Good Neighboring project, building relationships among neighbors;

-- Warren Village, Inc. - to help with its programs to promote self-sufficiency for single-parent families; and

-- Women's Bean Project - to support its programs that help build self-sufficiency.

K - 12 Education:

-- Boys & Girls Club of Metro Denver - for its Friday Afternoon Club, a collaboration with the Denver Public Schools;

-- Colorado I Have a Dream Foundation - to help its dropout prevention program;

-- Denver Public Schools Educational Foundation - to support a program targeted to help homeless children complete their education;

-- Girls Inc. of Metro Denver - to help build self-sufficiency for girls and young women;

-- Latin American Research and Service Agency - for its education and self-sufficiency programs for Latinos;

-- Whiz Kids Tutoring - to assist with its tutoring program in Denver, Aurora and Jefferson County public schools; and

-- Young Americans Center for Financial Education - to support its International Towne financial education program to youth in Denver Public Schools in disadvantaged areas.

U.S. Bancorp, with assets of $193 billion, is the 6th largest financial services holding company in the United States. The company operates 2,346 banking offices and 4,621 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.

"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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