Fundsters and their firms are continuing to rally
to support causes fighting the coronavirus pandemic and the resulting economic slowdown.
| Jay C. Horgen|
Affiliated Managers Group
Last month, Allan Oliver
, executive director of the Thornburg
$240,000 in grants to non-profits in its home state of New Mexico, targeting issues like hunger and homelessness.
"This unprecedented crisis has put local shelters, food depots, medical centers, and social service organizations on the front lines of the coronavirus fight," Oliver states.
The foundation's grants are going to: the Food Depot
in Santa Fe, the Interfaith Community Shelter
in Santa Fe, the La Familia Medical Center
in Santa Fe, Kitchen Angels
in Santa Fe, Communities in Schools
in Santa Fe, Esperanza Shelter
in Santa Fe, St. Elizabeth's Shelter
in Santa Fe, Youth Shelter
in Santa Fe, the Adelante
program in Santa Fe, the Family Independence Initiative
in Albuquerque, the Roadrunner Food Bank
in Albequerque, Heading Home
in Albequerque, and the Santa Fe Community Foundation's COVID-19 Response Fund
Earlier this week, Jay Horgen
, president and CEO of Affiliated Managers Group (AMG
that the firm is donating $1 million to help with COVID-19 responses in the Boston area. (AMG was previously based in Boston, though it is now based in West Palm Beach, Florida.)
"We ... have a sense of profound commitment to contribute in support of the medical institutions and healthcare workers who are tirelessly working to fight this unprecedented crisis and keep the surrounding community safe," Horgen states.
AMG's donation will go to: the Healthcare Heroes Fund
at Beth Israel Lahey Health
, the Brigham COVID-19 Response Fund
at Brigham Health
, and the COVID-19 Emergency Response Fund
at Massachusetts General Hospital
Last week, Goldman Sachs'
chairman and CEO, David Solomon
that the company will be putting $25 million into the Goldman Sachs COVID-19 Relief Fund
(with a promise up to $5 million more in employee donations) to help communities hit by the crisis. Plus, Goldman will offer $25 million in grants to "mission-driven lenders" (like community development financial institutions, i.e. CDFIs) to help small businesses while also directly offering $250 million in emergency small business loans.
"COVID-19 has created an extraordinary global health and economic crisis and the urgency and scope of our actions must reflect this reality," Solomon states.
Also last week, Walt Bettinger
, the president and CEO of Charles Schwab
that the Charles Schwab Foundation will donate $1 million (and match employee contributions two to one, up to $250,000) towards three causes: food banks in ten big Schwab locales, CDC efforts, and local chapters of the Boys & Girls Clubs of America.
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