The holidays often inspire people to give back to their communities, but what do you need to know before making a donation or volunteering?
By Vivian Loy, senior wealth strategist at PNC Wealth Management
The end of the year is typically when most people think about giving back to their communities.
“The holiday spirit usually inspires people to turn their attention toward their community and charitable causes that are near and dear to their hearts,” said Vivian Loy, senior wealth strategist at PNC Wealth Management.
PNC Financial Services announced today that it is one of over 100 companies from ten sectors to join the inaugural 2018 Bloomberg Gender-Equality Index (GEI). Launched January 22, 2018, the reference index measures gender equality across internal company statistics, employee policies, external community support and engagement and gender-conscious product offerings.
The sector-neutral Bloomberg GEI follows the release of the Bloomberg Financial Services Gender-Equality Index (BFGEI), launched in 2016. PNC was listed on the 2016 BFGEI, as well.
PNC is pleased to be featured in The Boston Consulting Group study Total Societal Impact – A New Lens on Strategy
The study includes two examples of PNC’s commitment to maximizing both shareholder return and societal impact – the company’s decision to limit its lending to coal-mining companies, particularly those with more than a minimum exposure to mountaintop removal mining; and leveraging its Regional Diversity Councils to cultivate relationships with diverse customers, suppliers and employees while strengthening the communities in which it operates.
To enhance early childhood education, PNC recently announced a $5 million initiative with online charity DonorsChoose.org. The program helps pre-K teachers obtain instructionally rich school resources, such as books, art supplies, classroom technology and field trips to child-friendly museums.
In 2016, PNC originated $10.6 billion in residential mortgage loans to those purchasing a new home or refinancing a current home.
We are committed to supporting homeownership for low- and moderate income borrowers and offering mortgage products that are affordable, flexible and sustainable. Among these products are those that adhere to Federal Housing Administration and Department of Veterans Affairs guidelines. Furthermore, our portfolio mortgage product, PNC Community Mortgage, offers flexible underwriting guidelines and a reduced cost structure for prospective borrowers.