Santander Consumer USA and the Santander Consumer USA Foundation have just announced grants totaling more than $1.7 million to support Dallas, Texas's social and economic growth. These contributions are a part of the foundation's commitment to help eleven organizations—four located in different locations in Texas, Arizona, and Florida, and seven headquartered in Dallas. The funding aligns with the foundation's five philanthropic pillars: educational mobility, physical mobility, economic mobility, sustainability, crisis, and resiliency. Key initiatives funded by the grant, include Dallas College’s entrepreneurship programs, the Connected Digital Ambassadors Program, transitional housing support, and job training for over 2,000 students. Additionally, grants will aid in promoting financial literacy and addressing economic and legal barriers for survivors of exploitation and trafficking.
Santander Consumer USA, headquartered in Dallas, Texas, is a consumer finance company specializing in vehicle finance and servicing a broad spectrum of credit customers. Since its inception in 1997, it has grown significantly, now operating under Santander Holdings USA with a portfolio exceeding $61 billion. The foundation, established in 2004, has committed over $35 million to local organizations since 2021, emphasizing community reinvestment and volunteerism. These initiatives are a component of Santander's larger Community Plan, which seeks to invest $9 billion in sustainable financing and $4.6 billion in community reinvestment nationwide by 2025.