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WSFS CARES Foundation Contributes $150,000 to Expand Affordable Housing Access

via Business Wire

The WSFS CARES Foundation, the charitable giving arm of WSFS Financial Corporation (Nasdaq: WSFS), announced it will contribute a $150,000 grant to the Todmorden Foundation to expand affordable housing opportunities in Wilmington, Delaware.

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The Flats in Wilmington, Del. will be home to over 1,000 residents.

The Flats in Wilmington, Del. will be home to over 1,000 residents.

The Todmorden Foundation is a nonprofit committed to providing access to affordable rental housing and enhancing the quality of life for Wilmington residents. The foundation manages several hundred affordable rental properties and is actively upgrading the residences on the west side of the city known as “The Flats.”

The Flats neighborhood consists of more than 450 housing units originally built between 1903 and 1918 by William P. Bancroft to house Bancroft Mills workers. Due to deteriorating conditions, the Todmorden Foundation, founded by Bancroft, is overseeing a redevelopment project to demolish and rebuild these units.

The WSFS CARES Foundation grant, distributed over three years, will directly support the construction of 30 units expected to open in summer 2027.

“The WSFS CARES Foundation is dedicated to fostering affordable, healthy communities for families to live in,” said Patrick J. Ward, Executive Vice President, Senior Advisor at WSFS Bank and Chairman of the WSFS CARES Foundation. “We have supported this critically important project since the beginning and take pride in staying true to our commitment to the city of Wilmington.”

"We are grateful for supporters like the WSFS CARES Foundation who have backed our efforts since we began in 2015,” said Richard Przywara, President and CEO of the Todmorden Foundation. “Not only will this project help low- and moderate-income individuals and families, but it will also create jobs in construction, maintenance, and property management.”

This is the sixth phase of the project, offering 180 new residences serving approximately 300 individuals. In total, The Flats will be home to over 1,000 residents.

About the WSFS CARES Foundation

The WSFS CARES Foundation brings WSFS’ mission of We Stand for Service�� to life across the communities we serve. The mission of the WSFS CARES Foundation is to support qualified nonprofit service organizations within our regional footprint that are invested in improving communities, fostering a spirit of inclusion and diversity, and whose focus aligns with the WSFS CARES Foundation’s transformational vision. For more information, please visit https://www.wsfsbank.com/about/community/the-wsfs-cares-foundation/.

About WSFS Financial Corporation

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of September 30, 2025, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $93.4 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (38), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth Management, LLC, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

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