Paying It Forward to Help the Communities We Serve

One of the fundamental values at Parsec Financial is giving back to the communities in which we serve. Our philanthropic mission is to improve the lives of those around us. We do this by partnering with organizations that do one (or more) of the following:

  • Improve the economic well-being of individuals and our society overall
  • Provide basic needs for those in our community such as shelter, food, clothing and safety
  • Enhance educational and literacy opportunities for those of all ages
  • Provide healthcare resources to those in need and support our medical community

Our philanthropy consists of the following:

Parsec Prize:

We donate approximately 1% of our revenue each year to the Parsec Prize, our charitable grant program. Since 2005 we have given more than $1.3 million to 72 NC-based non-profits.

Applications are closed for the 2020 grant cycle. We wouldn’t be where we are today without a big investment in education, so this year we will celebrate our 40th anniversary by donating $200,000 in unrestricted Parsec Prize grants to support educational/literacy programs in the communities in which we serve. We will announce the winners June 1!

2019 Parsec Prize Winners:

Corporate Sponsorships:

Each year we pursue dozens of charitable sponsorships across North Carolina. In 2019 we supported nearly 50 non-profit organizations with more than $85,000 in sponsorships.

Some of Our Recent Sponsorships:

Volunteer Time Off:

We have a formal volunteer-time-off policy for our employees to be actively involved in the community and serve on numerous charitable boards. All full-time employees receive eight hours each year to volunteer during business hours.

Corporate Donation Matching:

Parsec generously matches up to 2% of an employee’s salary to support his or her personal philanthropic endeavors. In 2019, this totaled more than $46,000 to 52 organizations.