Citi and the Citi Foundation have committed more than $100 million to date in support of COVID-19-related community relief and economic recovery efforts globally.
This includes more than $35 million in new funding, adding to the previously announced $65 million in grants and charitable contributions to deliver ongoing relief and support for longer-term economic recovery in communities impacted by the global pandemic. These contributions include $2 million from Citi employees through a donation matching program.
(Ad) Still, finding it difficult to find new grants and donors to support your work? No way to easily search and identify upcoming funding opportunities? No idea how to raise funds? We have a solution for you. Our Premium Membership service answers all your questions. Learn more.
Recognizing the disproportionate impact that COVID-19 has had on communities of color in the U.S., Citi and the Citi Foundation are expanding support for Community Development Financial Institutions (CDFIs), which play a vital role in expanding access to safe and affordable products and services for these businesses and communities.
Citi CEO, Michael Corbat said, “COVID-19 has brought to the forefront the racial, economic and social inequalities that exist in our communities. Partnering with community-based financial institutions to support those businesses and populations most impacted helps address the disparities that persist and support our communities in need.”
(Ad) Too many advertisements on this website? Get an ad-free and fully optimized website experience to find grants and donors of your interest. Premium Membership service offers a clean and user-friendly interface for you to raise funds successfully! Learn more.
Mr. Corbat concluded, “During a time of great uncertainty and economic hardship, my colleagues once again showed their generosity and compassion by contributing more than $2 million of their own money to support COVID-19 relief efforts, which Citi matched with an additional $2 million in donations. I couldn’t be more proud or grateful to work with people who put such a high value on supporting their communities and those in need.”
Furthering plans announced in April to donate net profits from Citi’s participation in the U.S. Small Business Administration’s Paycheck Protection Program (PPP), $25 million in initial proceeds from PPP has been donated to the Citi Foundation. The Citi Foundation is deploying $15 million in unrestricted funding of up to $500,000 per CDFI to support small businesses owned by people of color and low- and moderate-income individuals and communities.
(Ad) Premium Membership offers unlimited search options to find your grants and donors. Search by country or thematic area of your work interest or even by keyword. View the number of open grants for your country. on a Google Map. Keep a watch on grant deadlines through a calendar. Learn more.
The remaining $10 million in PPP net profits was deployed by the Citi Foundation to the Local Initiatives Support Corporation (LISC) to support the New York Forward Loan Fund, which is enabling CDFIs making loans to small businesses, nonprofits and small landlords for working capital, including payroll, operating and emergency maintenance.
These philanthropic efforts complement Citi’s partnership with the National Banking Association, and the creation of a purchasing facility to assume up to $50 million in Small Business Administration Paycheck Protection Program loans from Minority Depository Institutions (MDIs).
(Ad) Too many emails about grants, but too few leads? Join Premium and use our Specific Email Alerts feature where you can select your country/countries and thematic areas of work interest and receive grant information accordingly. Learn more.
Additional immediate relief and investments in longer-term solutions to the COVID-19 pandemic around the world include:
(Ad) Our Premium Donor Search feature works like a mini-search engine. As soon as you define the search criteria and click on search, it scans the internet for the best possible matches of donor agencies based according to your interest and presents a list that you need. Learn more.
- Donated $2.5 million to support World Central Kitchen’s #ChefsForAmerica relief effort, specifically funding 250,000 meals to those in need across the U.S. and also helping the restaurant industry and small businesses keep their doors open
- Providing $1 million to Credit Builders Alliance and its members to offer Housing Stability Loans in NYC, Long Island, Westchester, Miami and Chicago; loans will help unemployed or underemployed workers avoid eviction or foreclosure, and maintain credit scores
- Donated funds to provide 5,000 free annual Citi Bike memberships to eligible critical workers in New York City
- Provided funding to IMPACCT Brooklyn to help their clients apply for assistance from government programs, increase their standard of living, secure small business assistance and preserve homeownership
- Provided funding to Working Credit in Chicago to help scale their digital services such as employer-based financial counseling and credit building services, allowing the organization to serve more people across a broader range of industries and geographies
- Contributed funds to the San Francisco Children’s Council to launch the Emergency Child Care program for children of healthcare and emergency service workers
- Pledged contributions to HomeFree-USA to help deliver housing counseling services for low-income individuals, including capacity building, technology, outreach and small business assistance
- Committed charitable contributions to Comité de Ayuda a Desastres y Emergencias Nacionales in Mexico to provide protective medical equipment for healthcare workers
- Committed funds to Children International in Ecuador to provide food provisions for 1,300 young people and their families
- Pledged contributions to Am Cham in Paraguay to provide over 60,000 meal kits to vulnerable families, as well as 600 sanitation kits to help combat the spread of COVID-19
Europe, Middle East and Africa
(Ad) Lots of grant opportunities but no idea how to write a proposal to apply for them? We have a huge collection of sample proposals available only for Premium Members. You can view these proposals and even request for download. Get ideas from other successful grantees and write your proposal quickly. Learn more.
- Pledged contributions to South Africa’s Solidarity Fund to contribute to the national response, including programs focused on economic recovery and financial stability, medical support including COVID-19 screening and testing, and food provisions for low-income families
- Committed funding to Felix Project in the UK and Banco Alimentare della Lombardia in Italy as part of a campaign through which the EMEA Rates business donated $1 per $1 million traded; funds are providing meals for impacted families in London and Lombardy, as well as support for frontline healthcare workers
- Contributed funds to UNICEF Kazakhstan to support access to virtual learning opportunities for vulnerable students
- Committed $1 million of trading revenue to United Nations Development Programme through an employee-led initiative to support vulnerable communities across the region, including low-income families and migrant workers
- Contributed funds to The Edge COVID-19 Pandemic Funds in Malaysia to purchase and distribute personal protective equipment (PPE) and ventilators to hospitals, as well as provide financial assistance to healthcare workers
- Contributed funds to Rotary Club in Sri Lanka to provide medical support such as lab equipment, test kits and PPE
Through the generosity and engagement of colleagues around the world, Citi raised over $4 million through its Double the Good employee donation campaign. Having exceeded the $2 million goal in colleague donations, Citi is donating $500,000 to each of the four organizations selected by 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).