Delaware Business Now
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WSFS Financial Corp. announced the WSFS Foundation and the WSFS Community Foundation merger to form the WSFS Cares Foundation.
The WSFS Foundation, founded in 2003, was the philanthropic arm of WSFS Financial Corporation, while the WSFS Community Foundation, previously the Beneficial Bank Foundation, was founded in 2007 and joined WSFS as part of the acquisition of Beneficial Bank.
Combining these two foundations will allow WSFS to provide even greater support to the Communities throughout the Bank’s footprint. The WSFS Cares Foundation will focus on supporting local nonprofits that provide tools for success, with its key pillars of support as follows:
Delaware Business Now
DuPont, 86, had been in ill health for some time.
While serving as governor, duPont, the Republican and a member of the prominent Delaware family, is widely credited with helping Delaware pull out of a steep economic decline.
His administration pushed through the Financial Center Delaware Act, which brought tens of thousands of financial services jobs to Delaware after the state lifted interest rate caps on credit cards and made other changes.
The lack of interest rate cap led to the state becoming a credit card mecca. Banks also located back office and technology jobs in Delaware.
The Pete duPont Freedom Foundation, founded in his honor, released the following:
May 9, 2021
Former Delaware governor and Congressman Pierre S. (“Pete”) du Pont IV died Saturday, May 8, 2021, at his home in Wilmington after a long illness.
Gov. du Pont served as Delaware’s lone congressman in the 92nd-94th Congresses from 1971-77. He served as Delaware’s 68th governor from 1977 to 1985.
In the U.S. Congress, Gov. du Pont served on the House Foreign Affairs Committee and the Merchant Marine and Fisheries Committee. As a member of the Foreign Affairs Committee, he was a co-author and sponsor of the War Powers Act of 1973, which was passed into law and limits the authority of the president to commit U.S. armed forces abroad without the consent of the Congress.
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