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Washington Mutual Announces $310,750 in Grants to Community-based Organizations Serving Oregon

PORTLAND, Ore.--(BUSINESS WIRE)--Aug. 1, 2003--Washington Mutual has recently announced $310,750 in grant funding to various nonprofit organizations serving Oregon. Examples of grants include:

    --  Care to Share, Beaverton, $5,000. This grant supports the
        nonprofit's efforts to provide services to low-income families
        in Washington County.

    --  Oregon Mentors, Portland. $10,000. The funding provides
        general operating support for the youth mentoring initiative.

    --  E3: Employers for Education Excellence, Portland, $50,000.
        This grant supports a community program to improve public

    --  Enterprise Foundation, Portland, $50,000. Funding supports
        efforts to build long-term affordable housing.

    --  Oregon Children's Theatre, Portland, $2,500. Funding is to be
        used for a teacher training program.

    --  Oregon Library Association, Salem, $3,500. Grant monies
        support the library's summer reading program.

    --  Portland Housing Center, Portland, $15,000. The grant funding
        supports the center's efforts to increase homeownership
        opportunities for low-to-moderate income families.

    --  REACH Community Development, Portland, $22,500. The grant
        provides general operating support as well as funding for the
        nonprofit's "paint-a-thon" and annual donor luncheon.

    --  Rogue Valley Symphony, Ashland, $3,500. Funding supports the
        symphony's public school programs.

    --  Teacher Standards and Practices Commission, Roseburg, $7,500.
        The grant supports the commission's professional certification

    --  Umpqua Community Action Network, Roseburg, $7,500. Funding
        from this grant supports the network's affordable housing

"Washington Mutual's contributions demonstrate the depth of our support for local communities and our desire to enrich the lives of those who live in the areas where we do business," said Ken Leander, senior vice president and consumer bank group manager for Oregon and southwest, central and eastern Washington.

Through its 10-year, $375 billion community commitment, Washington Mutual has pledged to make resources available to promote economic development, home ownership within low- and moderate-income neighborhoods and to develop innovative outreach programs targeting K-12 public education.

With a history dating back to 1889, Washington Mutual is a retailer of financial services that provides a diversified line of products and services to consumers and small businesses. At June 30, 2003, Washington Mutual and its subsidiaries had consolidated assets of $283.20 billion. Washington Mutual currently operates more than 2,650 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation. Washington Mutual's press releases are available at www.wamu.com.

    CONTACT: Washington Mutual
             Mary Kelley, 206-377-6878

    SOURCE: Washington Mutual