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Fifth Third Bank that halted Florida voucher donations over anti-LGBTQ policies reverses course

Fifth Third Bank said in a statement that it has conducted a “comprehensive review” of the program, which assured the company they could continue their support of the program while “adhering to our core values.”

The decision came about a week after the bank was one of a handful of companies to publicly announce it would halt donations to the scholarship program over concerns some schools receiving scholarship funds were discriminating against LGBTQ students.

The maximum scholarship per student is about $7,000, If Fifth Third had continued with their decision to exit the program, about 700 fewer scholarships would have been made available to students.

The corporate withdrawal of support by Fifth Third and other companies, including Wells Fargo and Wyndham Destinations, was kicked off by an Orlando Sentinel investigation that found some private schools that received money through the Florida Tax Credit Scholarship Program had discriminatory policies.

 

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