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Fast Facts: Committed to Communities

Fast Facts: Committed to Communities

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Published by: The Partnership for a Secure Financial Future on Sep 10, 2012
Copyright:Attribution Non-commercial


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August 2012To: Fast Facts List
Financial services companies are working to improve the communities that they serve.During the firsthalf of 2012, Roundtable member companies: 
Completed 164,206 community service projects;
Completed 22,043 financial literacy projects;
Helped 33,095,007 people through community service projects;
Raised/spent $ 252,627,625 on community service projects; and
265,971 company employees volunteered for community service projects.
Examples of Roundtable company community service efforts include:
Ameriprise employees donated food and volunteer time to collect 312,000 meals during its annual Foodand Funds Drive in May, a 63 percent increase over last year.
Barclays partnered with New York Cares to organize two events in July, during which almost 500employees revitalized public schools and parks in Brooklyn and the Bronx, New York.
 Lighthouse project mobilized 33,000 employees in May and June to complete more than 1,100individual community service projects.
BNY Mellon and its employees donated $740,000 and volunteered 400 hours to help returningservicemen and servicewomen make the transition to civilian life.
More than 100,000 Citi employees in 92 countries volunteered their time in 1,300 service projects to benefit local communities.
Over 8,400 KeyBank  employees completed 1,000 community projects this May during their annual Neighbors Make the Difference Day.
M&T was awarded a $6 million grant from the Department of Education, which was matched by $6
million from M&T, to provide a children’s services center in Buffalo, NY.
Webster Financial Corporation sponsored five food bank walks in the Connecticut and Boston area inApril and May, sending close to 100 employees to each walk and donating to over fifty organizationsthat feed the hungry in Connecticut.
Wells Fargo donated more than $2.5 million to more than 60 nonprofits, and built or renovated 160homes over 160 days.
According to the Foundation Center’s August 2012 ranking,
16 out of the top 50 corporate foundations(based on total giving) are financial services firms.These firms have given over $936 million to charitablecauses. See chart below.

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