PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 20, 2002--Washington Mutual
(NYSE:WM) recently announced a $195,000 grant to the Neighborhood
Partnership Fund, a nonprofit organization whose mission is to
revitalize Portland's inner-city neighborhoods.
The nonprofit strives to provide ideas, resources and training to
community development organizations in an effort to create economic
opportunities and affordable housing for low-income individuals.
According to Washington Mutual's Vice President, Community
Relations, Tim Otani, Washington Mutual's contribution will support
the nonprofit's Learning Community initiative, which emphasizes the
importance of leadership and organizational development.
"In particular, this grant will assist in supporting leadership
and training programs for staff members at community development
organizations," said Otani. "The Neighborhood Partnership Fund is a
leading provider of technical training to nonprofit builders of
affordable housing, a service critical to increasing the availability
of affordable housing and improving the economic development of the
In addition, Washington Mutual's grant support will help fund a
pair of annual executive director retreats co-organized by Washington
Mutual and the Neighborhood Partnership Fund. Every year, the
individual retreats bring dozens of nonprofit professionals together
from Washington and Oregon, while the other draws participation from
Idaho, Utah, Phoenix, Denver and Las Vegas. The retreats focus on best
practices, networking and leadership development programs.
"The Neighborhood Partnership Fund is instrumental in organizing
these retreats and we view this donation as a sound investment in the
community," said Otani. "Through participation in the retreats,
executive directors help to maintain and strengthen a regional network
of colleagues engaged in community development activities."
With a history dating back to 1889, Washington Mutual is a
national financial services company that provides a diversified line
of products and services to consumers and small- to mid-sized
businesses. At September 30, 2002, Washington Mutual and its
subsidiaries had assets of $261.10 billion. Washington Mutual
currently operates more than 2,500 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.
||Darcy Donahoe-Wilmot, 206/377-3635