Fourteen Local Charitable Organizations Receive $482,000 Matias de Llano Charitable Trust Gift
PHOTO CAPTION- Standing left to right: First row; Elmo Lopez, Jr., Russell Cerda, Sister Maria Teresa Grajeda, Veronica Garcia, Sister Kathleen Coughlin, Libby Casso, & Annabelle Hall. Back row, left to right: Alexandra Manrique, Dennis Nixon, Sister Rosemary Welch, Rudy Miles, Dr. Pablo Arenaz, Larry Norton, Carl Barto, Doug Howland, Mike Marasco, Sister Melissa Benitez , Eddie Farias, Vanessa Salazar.
(OCT. 29, 2019) LAREDO, TEXAS - The Matias De Llano Charitable Trust, administered by International Bank of Commerce (IBC Bank), donated a total of $482,000 to several Laredo organizations as part of its mission to do more for the communities it serves. During today's formal presentation, IBC Bank Trust Committee representatives presented grants to the following organizations in Laredo:
- Bethany House of Laredo
- Boys Scouts of America, South Texas Council
- Casa de Misericordia
- Gateway Community Health Center Inc.
- Girl Scouts of Greater South Texas
- Junior Achievement of Laredo
- Make a Wish Central and South Texas
- Mary Help of Christians School
- Mercy Ministries of Laredo
- Ruthe B. Cowl Rehabilitation Center
- Sacred Heart Children's Home
- Special Olympics Texas
- Texas A&M International University
- University of Incarnate Word Medical and Education Campus at Laredo
The Matias De Llano Charitable Trust was established April 1, 2003, under the Last Will and Testament of Matias De Llano, Jr. where he appointed IBC Bank as sole trustee. Since 2004, the Trust has donated approximately $8 million to local organizations and schools.
Matias De Llano, Jr., who established the trust, was born in Laredo in 1918. One of eight children, he attended Laredo schools and the New Mexico Military Academy, and was a veteran of World War II.
His father, Matias De Llano, Sr., was the founder of the Texas Hat Company, formerly one of the largest manufacturers of straw hats in the country, where De Llano, Jr. was employed for many years. De Llano, Jr. had a zest for life and for helping the disadvantaged. He contributed to many causes, including the Boys and Girls Clubs, the Sacred Heart Children's Home, and other charitable organizations. Laredo's Matias De Llano Elementary School was built and named in his honor.
De Llano, Jr. directed that the Trust continue his legacy by helping the community that he lived in and loved. He was especially focused on assisting children and the less fortunate.
The intention of the Trust is to maintain the corpus while distributing the annual income to charitable organizations in Laredo for many years to come. Donations from the Matias De Llano Charitable Trust benefit each organization in their efforts to support the economically disadvantaged residents of Laredo. This year's grant recipients provide programs that benefit the entire community of Laredo with much-needed help in medical services, and food and nutritional benefits for adults and children.
About IBC Bank
IBC Bank and Commerce Bank are divisions of International Bancshares Corporation (NASDAQ: IBOC), a $12.2 billion multi-bank financial holding company headquartered in Laredo, Texas, with 189 facilities and 288 ATMs serving 89 communities in Texas and Oklahoma. IBC Bank's slogan "We Do More" reflects the bank's dedication to the growth and success of the customers and the communities it has been serving since 1966. International Bancshares Corporation was ranked 22nd on Forbes' prestigious list of 100 Best Banks in America in 2019. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION. Follow our Facebook page, @IBCBankWeDoMore. More information is available at ibc.com.