CHICAGO, Nov. 24, 2020 /PRNewswire/ -- Guaranteed
Rate, one of the largest retail mortgage lenders in the country,
today announces that its employee-driven fundraising effort has
donated over $3.3 million to
Baby2Baby, a non-profit organization that provides basic
necessities to children living in poverty.
Through its new initiative, Guaranteed Love, the company's
employees, families and friends raised over $1.1 million in just 10 days. With a
two-for-one-dollar company match, Guaranteed Rate Companies donated
a total of $3,381,943 to Baby2Baby.
"This is very, very powerful," said Guaranteed Rate President
and CEO Victor Ciardelli. "We're seeing so many people in
need, with nowhere else to turn. As a company, we are blessed to be
in a position to make such a positive difference. We have an
amazing group of incredibly generous employees who came together
yet again to make a real impact on so many families and children.
By working together, we can accomplish amazing things."
With 100% of the funds going directly to children in need,
Guaranteed Rate's donation will help provide essential items to
over 150,000 children nationwide this holiday season.
The amount donated helps provide approximately 4 million
diapers, 80,000 cans of formula, 80,000 packs of wipes, 40,000 warm
coats, 40,000 blankets, 12,000 pairs of pajamas and 12,000
toys.
"We are so grateful to Guaranteed Rate for selecting Baby2Baby
as the nonprofit partner for its Guaranteed Love campaign," shared
Baby2Baby Co-CEOs Norah Weinstein
and Kelly Sawyer Patricof.
"The generosity of their employees coupled with the company's
match will allow us to distribute millions of dollars worth of
basic essentials to children across the country impacted by the
pandemic in their biggest time of need."
In the United States, one in
three families struggles to provide necessities, such as diapers,
to their children. As demand increases during the COVID-19 crisis,
Baby2Baby has donated over 40 million basic essentials to
vulnerable children. With strong buying power, Baby2Baby is able to
buy these essentials substantially below retail cost, more than
doubling the value of the donation.
"Karma is a real thing. I'm a big believer that the more you
give, the more it all comes back," said Ciardelli, who has
instilled the value of giving back into Guaranteed Rate's culture.
"We care so much about this that our #1 core value is that We Grow
For Good, so the more we grow, the more good we can do to help
people in need. This year, we've doubled loan volume to
$73B, and tripled revenue from
$1B to $3B. We're so thankful to be in a position to
help."
Guaranteed Love is one of many initiatives organized by
Guaranteed Rate and its 501(c)(3) public charity, the Guaranteed
Rate Foundation. As the pandemic impacts families and communities
nationwide, Guaranteed Rate is focused on providing more relief
than ever by organizing fundraising campaigns to combat hunger and
donating more than $4.2 million to
over 1,400 individuals through the Guaranteed Rate Foundation.
About Guaranteed Rate Companies
The Guaranteed Rate Companies, which includes Guaranteed Rate
Inc., Guaranteed Rate Affinity, LLC, and Proper Rate, LLC,
has more than 8,000 employees in over 700 offices across the
U.S. Headquartered in Chicago,
Guaranteed Rate Inc. is one of the largest retail mortgage lenders
in the United States funding
$37 billion in 2019. Founded in
2000 and licensed in all 50 states and Washington, D.C., Guaranteed Rate Companies
has helped homeowners nationwide with home purchase loans and
refinances. The company has established itself as an industry
leader by introducing innovative technology, offering low rates and
delivering unparalleled customer service. 2017 marked the launch of
Guaranteed Rate Affinity, LLC, a mortgage origination joint venture
between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE:
RLGY), a global leader in residential real estate franchising
and brokerage. In 2020, the company launched Proper Rate,
LLC, a mortgage origination joint venture between Guaranteed Rate
and @properties, one of the nation's largest residential
brokerage firms. Collectively, the companies have earned
honors and awards including: HousingWire's 2020 Tech100
award for the company's industry-leading
FlashClose SM technology; Top Lender for Online
Service for 2018 by U.S. News & World Report; No. 3
ranking in Scotsman Guide's Top Retail Mortgage Lenders
2019; Chicago Agent Magazine's Lender of the Year for
five consecutive years; Chicago Tribune's Top Workplaces
list for seven consecutive years; and Best Online Mortgage Lender,
Best Mortgage Lender for VA loans and Best Conventional Mortgage
Lender by NerdWallet in 2019. Visit rate.com for more
information.
About the Guaranteed Rate Foundation
The Guaranteed Rate Foundation is a 501(c)(3) public charity
that provides hope and relief to those in need through tailored
financial support. Founded in 2012, the Guaranteed Rate Foundation
has granted more than $4.2 million to over 1,400 individuals. Funds
are provided to help recipients who have been affected by domestic
violence, homelessness, medical emergencies, natural disasters and
the unexpected loss of loved ones. With 100 percent of overhead
expenses covered by Guaranteed Rate, every penny donated to the
Foundation goes directly to someone in desperate need of help. For
more information, visit: Gr-foundation.org
About Baby2Baby
Baby2Baby, a non-profit organization led by Co-Presidents
Kelly Sawyer Patricof and
Norah Weinstein, provides children
living in poverty, ages 0-12 years, with diapers, clothing and all
the basic necessities that every child deserves. In the last 9
years, Baby2Baby has distributed over 100 million items to children
in homeless shelters, domestic violence programs, foster care,
hospitals and underserved schools as well as children who have lost
everything in the wake of disaster. Every year, Baby2Baby serves
hundreds of thousands of children across the country.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/guaranteed-rate-donates-over-3-million-to-children-in-need-through-new-initiative-301180168.html
SOURCE Guaranteed Rate Companies