Altabank pledges $100,000 to CAPSA to support housing and clinical therapy.
CACHE VALLEY, UT—October 29, 2021
Building upon its longstanding relationship and support for CAPSA—a non-profit domestic violence, sexual abuse, and rape recovery center—Altabank has pledged $100,000 over five years to help the organization continue to help survivors of domestic violence and abuse in the Cache Valley.
For individuals and families escaping domestic violence, a safe home is important to the healing process. Yet finding affordable housing continues to be a significant barrier. To overcome this barrier, CAPSA developed a housing program which incorporates advocacy and educational programming with housing subsidies. CAPSA also owns and manages 21 housing units to ensure families who do not qualify for traditional housing also have a safe home.
“CAPSA’s housing program is a national model for transitional housing; however, the majority of funding for rental subsidies and advocacy depends on competitive grants, which renew every three years. The loss of these funds and this program would be devastating for our community,” stated Jill Anderson CEO of CAPSA. “CAPSA works with survivors to become self-reliant. It is this principle, becoming self-reliant, that inspired the building of Independence Place and Independence Way and the development of the Home Sponsorship program.”
In 2017, Altabank worked with CAPSA to develop the home sponsorship program. Organizations and individuals donated $6,000 per year, which is the average cost of housing subsidies for a family in CAPSA’s housing program. In January 2018, Altabank became CAPSA’s first home sponsor; this quickly prompted commitments from other businesses, including Malouf and iFit. More about CAPSA’s housing program and sponsorship can be found at www.capsa.org/housing
“Altabank supports organizations that make the biggest impact in our communities. CAPSA has always been an organization Altabank is honored to support,” said Judd Austin, chief banking officer at Altabank. “CAPSA’s home sponsorship program is a way to support CAPSA with maximum impact, and created an opportunity for others to multiply our investment. We are proud to say, through the effort of the community, our initial contribution has been multiplied by more than 10x.”
CAPSA’s housing sponsorship program is now generating more than $70,000 for CAPSA’s transitional housing and other core programs.
“Altabank is increasing our support of CAPSA because we see the need in the community,” stated Austin. “We are pleased to work with CAPSA to develop another sponsorship program and proud to be CAPSA’s first therapy office sponsor. Like the home sponsorship program, we believe in supporting life-changing services, and want to set an example and create an opportunity for others to support CAPSA.”
Additionally, on Friday, October 29, from 11-11:30 a.m. CAPSA will be hosting a grand opening and ribbon cutting for a new outreach building expansion. This building comes at a critical time for Cache and Rich counties to better serve the community. For more information visit: Capsa.org/building.
CAPSA is a nonprofit domestic violence, sexual assault, and rape crisis recovery center for Cache and Rich counties. CAPSA services include emergency shelter, clinical therapy, community education, casework, transitional housing and other resources to support individuals and families impacted by abuse. Learn more at: www.capsa.org
Altabank™, division of Glacier Bank, is the largest community bank in Utah. Founded in 1905, Altabank provides loans, deposit, and cash management services to businesses and individuals from Preston, ID to St. George, UT. Altabank is owned by Glacier Bancorp, Inc. (NASDAQ: GBCI) a publicly traded regional bank holding company headquartered in Kalispell, MT. GBCI operates divisions in Montana, Idaho, Utah, Washington, Wyoming, Arizona, and Nevada.
CAPSA: Sarah Fitzgerald, Chief Communications Officer, 208-308-8806, email@example.com
Altabank: Stan Sorensen, Chief Marketing Officer, 801-642-3113, firstname.lastname@example.org