The actions come after a newspaper investigation of schools involved in the voucher program.
Two of the largest banks in the country are ending — at least temporarily — financial support for a Florida school voucher program after a newspaper investigation found that scores of participating schools have policies that discriminate against LGBTQ students.
A Wells Fargo spokesman said the bank had supported Step Up for Students in Florida in two ways: through philanthropic grants from 2016 through 2019 at $10,000 per year, plus tax credit scholarship investments, which it halted in 2014.
A Sentinel editorial called out five companies as having pro-LGBTQ policies while still contributing to the Florida voucher programs. It said: That means YOU @FifthThird bank. Marching in @OrlandoPride while also funding anti-LGBTQ schools is NOT okay! Thanks Rep. Smith for your feedback. We definitely stand with #LGBTQ students and parents. We have communicated with program officials that we will not be contributing again … … until more inclusive policies have been adopted by all participating schools to protect the sexual orientation of all our students.
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