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Rating:More Fundsters Contribute to COVID-19 Crisis Relief Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 9, 2020

More Fundsters Contribute to COVID-19 Crisis Relief

Reported by Neil Anderson, Managing Editor

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
President, CEO
Last month, Allan Oliver, executive director of the Thornburg Foundation, unveiled $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), revealed 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, revealed 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, revealed 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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