Charles Schwab launched a digital volunteering and giving program referred to as CommUNITY 2020 that it mentioned presents new methods for workers to serve their communities in the course of the COVID-19 pandemic.
This system “eliminates obstacles to serving others throughout a time of social distancing and shelter-in-place protocols, and is supported by 4 pillars of service that may be carried out from wherever at any time,” it mentioned.
These 4 pillars embrace:
ACT: Schwab “curated a whole lot of digital volunteer alternatives for worker participation – all aimed toward lifting these most in want within the communities the place Schwab staff reside and work,” it mentioned.
GIVE: Schwab is matching staff’ private contributions 2:1 for donations made to eligible nonprofit organizations, with matches totaling as much as $2,000 per worker yearly.
LEARN: Workers are invited to take part within the firm’s new instructional collection on giving that options panel discussions with nonprofit leaders and sensible recommendations on the right way to interact in native communities.
SHARE: To advocate for the causes most necessary to them and to encourage others to observe their lead, staff are being inspired to submit their tales on social media with #Schwab4Good and the corporate is highlighting them internally in newsletters and on their intranet, it mentioned.
Wells Fargo Grants $1.5M
Wells Fargo introduced a $1.5 million contribution by the Wells Fargo Basis in assist of the Funders for Housing and Opportunity.
FHO focuses on advancing housing affordability options and aid for renter households and homeless folks disproportionately affected by the financial downturn because of COVID-19, Wells Fargo famous.
Wells Fargo additionally pledged as much as $20 million to assist the New York Forward Loan Fund (NYFLF), an financial revitalization program throughout New York initiated by New York Governor Andrew Cuomo that was designed to assist small companies, nonprofits and small landlords as they reopen following the COVID-19 pandemic.
The fund bought its first loans in July after pre-applications opened on Could 26. A complete of $100 million is predicted to be out there via NYFLF, which Wells Fargo is supporting together with different monetary establishments and companions.
Individually, Wells Fargo mentioned it was launching a Drive-Up Meals Financial institution program to assist households going through meals insecurity in the course of the pandemic. Working with Feeding America and its community of member meals banks, Wells Fargo mentioned it “will flip a lot of its areas throughout the nation into cell meals distribution facilities with the purpose of offering 50 million meals to people and households.” The Wells Fargo Drive-Up Meals Financial institution program will run via September, it mentioned.
The firm previously said in April that it “mobilized a whole lot of Wells Fargo staff and launched new automation and know-how [to] course of the extraordinarily excessive quantity” of Paycheck Safety Program purposes.
Different current Wells Fargo initiatives included efforts to assist Individuals keep of their houses as a part of the Wells Fargo Basis’s $175 million dedication to assist folks and communities in response to COVID-19.
Prudential Provides Submit-Lockdown Monetary Wellness Program
Prudential Monetary created a brand new office insurance coverage providing it mentioned was “designed particularly for involved staff and time-strapped human assets groups.”
The agency pointed to its own recent research that confirmed about half of Individuals had been frightened about their monetary future following the COVID-19 disaster. Many employees acknowledge the necessity to handle their funds in a different way now and employers play a serious function in offering the correct schooling and instruments to take action, the agency mentioned.
Prudential’s new “The Approach Ahead: Monetary Life After Lockdown” packages monetary wellness content material, on-line instruments and digital and in-person applications meant to supply the “instructional basis staff have to handle day-to-day funds, safeguard in opposition to monetary disruptions and develop a plan for assembly particular monetary objectives,” it mentioned.
Included are new seminars tailor-made to deal with key obstacles confronted in the course of the pandemic and well timed schooling and help for transitioning staff. Office advantages are built-in to show staff how they will optimally use them for his or her particular monetary conditions, Prudential mentioned. The brand new monetary wellness bundle will likely be provided via Prudential Group Insurance coverage.
Comerica Aids Small Companies
Comerica Financial institution continued its response to assist native communities damage by COVID-19 with investments totaling $2 million to Neighborhood Growth Monetary Establishments aiding small companies damage by the COVID-19 disaster.
New investments of $1.5 million to Lendistry and $500,000 to California FarmLink are a part of Comerica Financial institution and the Comerica Charitable Basis’s $eight million funding in neighborhood programming assist for companies impacted by COVID-19, it mentioned. The investments will present wanted funding to small companies throughout Comerica’s five-state footprint that features Arizona, California, Florida, Michigan and Texas, it mentioned.
Beforehand, the corporate introduced initiatives that included a $1 million dedication to the Nationwide Enterprise League to launch the Black Capital Entry Program, and entry to capital to help black companies throughout the nation.
The company also said it had processed and submitted about 13,000 PPP mortgage purposes as of Could 7, all of which it mentioned had been accepted by the U.S. Small Enterprise Administration.
— to www.thinkadvisor.com