Blackstone Announces $15 Million Donation to Help New York State; $10 Million to New York State COVID-19 First Responders Fun...
07 April 2020 - 3:44AM
Business Wire
Blackstone today announced an anchor $10 million contribution to
the New York State COVID-19 First Responders Fund and an additional
$5 million in contributions to organizations orchestrating food
delivery to healthcare workers and first responders as well as
others supporting vulnerable populations in New York City.
The New York State COVID-19 First Responders Fund was
established by Governor Cuomo to procure and distribute scarce
supplies and resources to healthcare institutions that are most in
need, providing personal protective equipment, laboratory testing
materials, ventilators, hospital beds and other critical supplies.
These funds will also support food, transportation and housing
assistance for healthcare staff.
Stephen A. Schwarzman, Chairman, CEO & Co-Founder of
Blackstone, said: “We are proud to support Governor Cuomo and
those on the front lines of this pandemic. We thank them for their
tireless efforts on behalf of all New Yorkers.”
Amy Stursberg, Executive Director, Blackstone Charitable
Foundation, said: “With so many urgent needs stemming from the
COVID-19 pandemic, it is critical to have a coordinated and
efficient system to deploy relief in real time to those who need it
most. The New York State COVID-19 First Responders Fund was
designed to do just that. We are pleased to support this
comprehensive effort.”
Blackstone’s additional $5 million in grants will support
organizations providing food security and resources for New Yorkers
in need. These include, among others:
- Organizations working to ensure that healthcare workers, first
responders and vulnerable populations are fed: City Harvest, World
Central Kitchen, Great Performances and Slice Out Hunger.
- New York City-based nonprofits that need immediate relief as
they provide critical support to New Yorkers in need: Coalition for
the Homeless, Union Settlement, Covenant House and others.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $571 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, growth equity,
opportunistic, non-investment grade credit, real assets and
secondary funds, all on a global basis. Further information is
available at blackstone.com. Follow Blackstone on Twitter
@Blackstone.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200406005714/en/
Lee Cochran Lee.Cochran@blackstone.com T 917-664-7989
Blackstone (NYSE:BX)
Historical Stock Chart
From Apr 2024 to May 2024
Blackstone (NYSE:BX)
Historical Stock Chart
From May 2023 to May 2024