Thousands of Hours, Millions of Dollars
Our culture at Synchrony celebrates the diversity of our people, skills and ideas and coming together to turn ideals into action. Our core commitment of helping others, grounded in our caring value, inspires us to support each other and in turn empowers our communities through volunteer opportunities, charitable donations, and our Education as an Equalizer program.
At Synchrony, we believe that education has the real potential to change the trajectory of a person’s life - and even their children’s lives—with the possibility that a cycle of poverty and injustice might be broken.
That’s why we’ve created a new initiative called Education as an Equalizer, focused on helping low- and moderate-income, minority and underrepresented individuals earn a four-year college degree, attain the skills, training or certification needed for gainful employment and build a strong personal financial foundation.
Synchrony pledges $50 million in the next five years including $20 million in grants to academic institutions, non-profits and skills credentialing organizations through the Synchrony Foundation.
Synchrony believes the more people know about personal finance, the better informed their financial decisions will be. Our partnerships and employee programs include:
America Saves is a non-profit organization that uses principles of behavioral economics and social marketing to motivate, encourage and support everyday Americans to save money, reduce debt, build wealth and create better financial habits.
Synchrony’s remarkable level of engagement during the annual America Saves Week in February helped us earn the America Saves Designation of Savings Excellence for the second year in a row. In 2020, we saw a 12% lift in new savings customers, a 14% lift in recurring transfers to Synchrony Bank savings accounts and a 25% lift of customer adding money to their account during America Saves Week.
Synchrony is one of only 12 awardees recognized for promoting automatic savings and the need to save for emergencies and unexpected expenses.