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:
- 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