Citi’s COVID-19 Community Relief Efforts Reach Over $65 Million Globally
20 April 2020 - 10:00PM
Business Wire
In-kind
Contributions Include Personal Protective Equipment for Medical
Workers and Meals for Food Banks
Citi Launches
New “Double the Good” Matching Campaign
Citi announced today that Citi and the Citi Foundation have
committed over $65 million to date in support of COVID-19-related
community relief efforts around the world, including nearly $36
million in charitable contributions from Citi and nearly $30
million in grants from the Citi Foundation.
These efforts are helping to deliver immediate relief to
frontline workers and populations within communities most impacted.
They also are supporting longer-term investments in programs
focused on economic recovery and financial stability. Relief is
being provided in the form of medical equipment for frontline
healthcare workers and meals for low-income families, as well as
support and resources for small businesses and individuals, to help
communities facing critical challenges.
“Citi colleagues and businesses around the world have mobilized
individually and collectively to help those most impacted by this
global pandemic,” said Citi CEO Michael Corbat. “These are our
values in action and we will continue to complement our business
activities with our philanthropy to support our communities in
every way we can.”
The Citi Foundation is committing $10 million to help Community
Development Financial Institutions (CDFIs) in the U.S. serve small,
diverse entrepreneurs who may not fully qualify for federal
government stimulus funding. The commitment will also help scale
digital tax preparation services to help more than 50,000 families
access remote digital tax prep services, financial counseling and
assistance in filing for stimulus funds and Earned Income Tax
Credits. Efforts will support communities across the U.S.,
including those in Chicago, Los Angeles, Miami, New York City, San
Francisco and Washington, D.C. In addition, the Citi Foundation
redirected $4.5 million in funding to the Local Initiatives Support
Corporation and Cities for Financial Empowerment Fund to support
financial counseling and supportive services.
These contributions are in addition to the Citi Foundation’s
initial $15 million commitment, which was comprised of $5 million
to support the COVID-19 Solidarity Response Fund, $5 million for
emergency food distribution programs in the U.S. through No Kid
Hungry, and $5 million for additional country-specific efforts
outside the U.S. Citi also matched $2 million raised from clients
and colleagues, bringing the total amount donated to No Kid Hungry
to $9 million as a result of Citi’s efforts.
In addition, Citi is launching a new employee donation campaign
called Double the Good. For every $1 donated by a Citi employee in
support of COVID-19 relief, Citi will donate $1 to one of four
organizations selected by each of Citi’s regions to address unique
challenges: United Nations Development Programme (Asia Pacific),
International Rescue Committee (Europe, Middle East and Africa),
the International Organization for Migration (Latin America) and
Direct Relief (North America). Donations made between January 1 and
May 31, 2020 are eligible, and Citi will be donating up to $500,000
to each organization.
Citi’s work to actively support COVID-19 relief efforts include
global, regional and localized efforts in specific countries,
including:
North America
- Committed $10 million in the U.S. to make financial counseling
and supportive services available to small business owners and
families experiencing financial hardship through community-based
organizations, including Women’s Housing and Development
Corporation in New York, Los Angeles Chamber of Commerce and So
Others Might Eat in Washington, D.C.
- Together with Citi Foundation, donated $7 million to No Kid
Hungry to support emergency Food Distribution Programs across the
U.S, in addition to raising $2 million through the matching program
for a total of $9 million to No Kid Hungry
- Donated $2 million to help address the needs of people with
disabilities in cities across the U.S., including funding to the
National Disability Institute to provide personal protective
equipment, medical supplies, meal deliveries and COVID-19-related
resources
- Supporting &pizza’s Hero Pie program to help feed frontline
workers in New York, D.C. and Boston, and enable the program to
expand to additional cities in the U.S.
- Donated personal protective equipment from closed on-site Live
Well Medical Clinics to frontline teams across the U.S., including
a fire department in San Antonio and a nursing home in St. Louis;
equipment included N95 masks, surgical masks, isolation gowns, face
shields and gloves
- Supported the creation of an online tool in partnership with
Microsoft that provides South Florida residents and small
businesses access to economic support services in English, Spanish
and Creole
- Provided support to the LA Chamber of Commerce to lead the
deployment of LA County’s newly established small business fund
targeting minority, women and immigrant-owned small businesses and
micro-entrepreneurs at risk of not benefitting from the CARES
Act
- Matched employee fundraising efforts to support Food Banks
Canada, which is addressing the shortage of food supplies
New York
- Acquired and donated 50,000 fluid-resistant masks to Memorial
Sloan Kettering in New York City
- Partnering with catering supply chain partners and United
Neighborhood Houses NY to repurpose food facilities at our 388
Greenwich Street Headquarters and distribute up to 1,000 meals
daily to families across New York City
- Raising funding for Food Bank for New York City to help provide
meals for families, healthcare workers and first responders across
the city; funds raised through a charitable campaign in which
Citi’s North American Rates business donates $1 for every $1
million traded electronically in interest rate products in the
U.S.
- Committed funding to New York-Presbyterian Queens to help
provide 1,000 meals for frontline workers, including hospital
staff, NYPD and paramedics
- Directed funding to Free Arts NYC to ship art supplies and
activity packets for 2,000 kids in homeless shelters through
June
- Directed funding to USO Metro NY to support service members on
the USNS Comfort, who are providing frontline care for COVID-19
patients
- Directed funding to City Harvest in support of their “Skip
Lunch Fight Hunger” campaign to help feed vulnerable families
across New York City
Latin America
- Citibanamex committed approximately $4.4 million to support
local communities in Mexico, with a portion of the funding going
towards emergency relief efforts and economic recovery
- Citi Foundation committed $1 million for country-level relief
efforts across the region
- Pledged funding to the #SeamosUno campaign to help purchase
supplies such as food, toiletries and sanitary products for 4
million people in Argentina
- Contributed funds for immediate medical relief efforts in
Uruguay
Europe, Middle East and Africa
- Citi Foundation committed $2.5 million for country-level relief
efforts across the region
- Matching employee fundraising efforts in the UK to benefit
charities providing food to vulnerable communities and support for
healthcare workers
- Pledged funding to Fondazione IRCCS Ca’ Granda – Policlinico
Hospital in Milan, Italy to support critical relief efforts
- Committed funding to support frontline healthcare workers in
partnership with Kronenberg Foundation and Voivodeship Ambulance
and Sanitary Transport Stations in Olsztyn and Warszawa
- Committed funding to the Lebanese Banking Association, which is
pooling funds across the banking sector to provide support for
local relief efforts
- Contributed funds to Latet in Israel to support the purchase of
food parcels for the elderly and holocaust survivors
- Donated to the American Chamber of Commerce’s “United Against
COVID-19” relief fund in Bulgaria to support medical relief and
social services
- Contributed funding to the King Baudouin Foundation’s Fund for
Supportive Care in Belgium, which provides support for frontline
organizations across the country
- Contributed funding to Barnados in Ireland to support young
people adversely impacted by COVID-19
- Pledged funding to PinkDrive in South Africa to support
screenings of COVID-19 patients
- Committed funding to Asociatia Daruieste Viata in Romania,
which is building a temporary hospital for COVID-19 patients and
providing public hospitals with protective equipment for frontline
medical personnel
Asia Pacific
- Pledged $10 million in India to aid in a number of relief and
recovery measures, including food provisions for low-income
families across the country
- Citi Foundation committed $1.5 million for country-level relief
efforts across the region
- Donated to Give2Asia in support of medical relief efforts in
the most impacted communities across China
- Matched employee and client fundraising efforts to support
frontline hospitals in China via the China Friendship Foundation
for Peace and Development
- Acquired and donated over 270,000 face masks and other supplies
to Tung Wah Group of Hospitals, Feeding Hong Kong, Hong Kong Unison
and Social Welfare Department of the HKSAR Government
- Donated to Hope Bridge Korea Disaster Relief Association to
provide face masks and hand sanitizers to underprivileged
communities, as well as supplies for medical staff in Daegu and
North Gyeongsang Province
Global
- Citi Foundation committed $5 million to United Nations
Foundation to support the COVID-19 Solidarity Response Fund, which
is providing protective equipment for frontline healthcare workers,
equipping diagnostic laboratories, improving surveillance and data
collection, and establishing and maintaining intensive care
units
In addition, Citi continues to take proactive measures to
preserve the well-being of employees globally, including special
compensation awards to 75,000 colleagues to help ease the financial
burden of this situation. Citi is also offering assistance to
impacted customers through credit card payment deferrals, fee
waivers, hardship programs, and additional small business
support.
Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi.
Citi Foundation
The Citi Foundation works to promote economic progress and
improve the lives of people in low-income communities around the
world. We invest in efforts that increase financial inclusion,
catalyze job opportunities for youth, and reimagine approaches to
building economically vibrant communities. The Citi Foundation's
"More than Philanthropy" approach deploys the enormous expertise of
Citi and its people to fulfill our mission and drive thought
leadership and innovation.
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Media Contact: Elizabeth Kelly elizabeth.kelly@citi.com
212-559-2477
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