community development

Morgan Stanley, LISC Make Clinton Global Initiative Commitment to Action

Job Creation and Community Revitalization Fund Aims to Drive Economic Growth in Low-Income Neighborhoods
Press Release
NEW YORK, September 24, 2014 /3BL Media/ – Building on a successful pilot program that brought support to some of the nation’s most distressed neighborhoods, Morgan Stanley, along with the Local Initiatives Support Corporation (LISC) and CDC Small Business Finance, announced a $25 million Clinton Global Initiative (CGI) Commitment to Action for an expansion of the Job Creation and Community Revitalization Fund.
 

Wells Fargo NeighborhoodLIFT Program Brings $5.5 Million to Boost Homeownership in Tucson and South Tucson

Tucson NeighborhoodLIFT® program, a collaboration with NeighborWorks America, The Primavera Foundation and Wells Fargo, to kick off September 5-6 at the Tucson Convention Center;
Press Release

TUCSON, ARIZ., August 11, 2014 /3BL Media/ - Wells Fargo, NeighborWorks America®  and The Primavera Foundation, have joined Tucson Mayor Jonathan Rothschild and South Tucson Mayor Paul Diaz to announce the Tucson Wells Fargo NeighborhoodLIFT® program, an initiative offering $5.5 million from Wells Fargo to boost homeownership and strengthen neighborhoods in the city’s low- and moderate-income areas.

How Banks Will Profit by Rethinking Their Purpose

New research outlines a new path for banks in society
Summary: 

A new study from FSG outlines a new path for banks in society.

Article

A new study from FSG outlines a new path for banks in society.

Morgan Stanley Receives $60 Million New Markets Tax Credit Award

Press Release

NEW YORK, June 6, 2014 /3BL Media – Morgan Stanley announced today that it has received $60 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury to expand its investment programs aimed at revitalizing underserved communities.

Rebuilding Together Announces $2.5 Million Donation from Lowe’s

Expanded Partnership Makes More Critical Home Repairs Possible for Low-Income Homeowners Across the Country
Press Release

WASHINGTON, D.C., May 22, 2014 /3BL Media/- Rebuilding Together, a national nonprofit with a vision of a safe and healthy home for every person, today announced a $2.5 million donation from Lowe’s to support the mission of providing critical home repairs for low-income homeowners.

JPMorgan Chase & Co. Announces $100 Million Commitment to Support Detroit's Economic Recovery

Long-term investment will focus on Detroit’s community development, blight mitigation, job skills training, small business promotion and other economic growth initiatives
Press Release

Detroit, May 21, 2014 /3BL Media/ – JPMorgan Chase & Co. unveiled today a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities. This long-term investment is the Firm’s largest commitment to a city and among the largest corporate commitments to Detroit. It builds upon the Firm’s deep roots as one of Michigan’s leading financial services providers and corporate citizens. 

Corporations That Care, Part 3: The Tech Sector -The Minute

Multimedia with summary

The annual survey of corporate giving by the Chronicle of Philanthropy lists several tech corporations as among the most generous of all U.S. companies. The corporations that scored high donated between .02 percent of their pre-tax profit, recorded by IBM, and 1.4 percent, recorded by AT&T. AT&T donated $95 million to arts and culture, health, the United Way, education, and community development. Verizon gave $56 million for health and education issues and programs.

Corporations That Care, Part 2: The Health Sector -The Minute

Multimedia with summary

In the annual survey of corporate giving compiled by the Chronicle of Philanthropy, many major companies in the health sector scored high as the most generous in supporting urgent social issues. “Most generous” translates to about one percent of pre-tax profit. Merck donated $62 million for health, HIV/AIDS, women’s issues, education, and community development. Pfizer gave $60 million for health causes. Eli Lilly directed $54 million to diversity, hunger and food security, health, the United Way, education, and community development.

Citi Issues 2013 Global Citizenship Report

Citi surpasses $50 billion climate initiative target three years early, achieves 25% greenhouse gas reduction goal
Summary: 

Citi has helped provide $365 million to 40 microfinance institutions in 22 countries, reaching 975,000 borrowers

Press Release

Citi has helped provide $365 million to 40 microfinance institutions in 22 countries, reaching 975,000 borrowers

Sew Awesome! Children International Volunteer Mothers Start Their Own Sewing Business

Article

By Lindsey Quinn

Volunteer mother Alejandra harbors no illusions about her neighborhood in Jalisco, Mexico: “There is a lot of crime and drug abuse, lots of violence and school dropouts.” It was exactly these threats that led the mother of three sponsored children to volunteer with Children International. Little did she know that this act of generosity would lead to new skills and a new business.

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