Ameriprise Financial, Along with its Employees and Advisors, Donated More than $16.5 Million in 2023
12 Fevereiro 2024 - 3:13PM
Business Wire
Ameriprise Financial, Inc. (NYSE: AMP) and its employees and
advisors donated more than $16.5 million through corporate grants,
individual donations and gift matching in 2023. Continuing its
ongoing commitment to helping individuals meet basic needs, the
firm funded nonprofits with a focus on hunger, shelter and economic
stability. Throughout the year, Ameriprise employees and advisors
logged nearly 63,000 volunteer hours supporting causes and
organizations that help build strong communities. In addition, the
company continued its longstanding partnership with Feeding
America, providing more than 124 million meals to people facing
hunger.
“Many nonprofits are being asked to provide additional services
at a deeper level to more people,” said Brian Pietsch, head of
community relations at Ameriprise. “At the same time, donors are
re-evaluating their own personal ability to give in the face of
higher interest rates and inflation. Given these circumstances,
nonprofits are increasingly turning to strong partners and
dedicated volunteers, like those at Ameriprise, to support the
increased need.”
Highlights from Ameriprise’s 2023 grant funding
Ameriprise is dedicated to leveraging its resources and talents
to improve the lives of individuals and families to help build
strong communities. In 2023, the firm funded 235 grants focused on
helping people meet basic needs like food and shelter and building
equitable communities. Additionally, the firm made a concerted
effort to address the increasing issue of youth homelessness
through $100,000 in targeted grants made during the holiday
season.
A few grant highlights include:
- The Oregon Food Bank collaborates with 21 Regional Food
Banks and 1,400 partner agencies, including food pantries, meal
sites, free produce distributions and other supplemental programs,
to provide a strong and diverse network of food assistance programs
across Oregon and Southwest Washington. They source and distribute
over 78 million meals each year and 58% of all food is distributed
as fresh or frozen produce, dairy and protein. In addition to
equitably distributing nutritious food, Oregon Food Bank focuses on
eliminating the root causes of hunger by addressing the policies
and practices that cause food insecurity in the first place.
- Since its founding, Brooklyn Museum has been committed
to making art more accessible to the immediate community in Central
Brooklyn and beyond. The museum offers pay-what-you-wish admission
as well as a wide variety of free educational and public programs
that serve low-income adults including individuals with memory
loss, low vision/blind, deaf and intellectual and development
disabilities. Each year the museum’s Community Programming brings
together more than 5,000 individuals to experience
intergenerational learning, art making and exhibition celebratory
events.
- Per Scholas is a national organization that advances
economic equity through rigorous training for technical careers.
The Per Scholas Greater Boston location provides low-to-moderate
income adults with a tuition free education for in-demand technical
skills such as IT Support, Cybersecurity, Software Engineering and
Web Services. Through partnerships with dynamic employers, they
connect graduates to meaningful employment, creating opportunities
for advancement and economic mobility.
- The Bridge for Youth is the largest emergency shelter
for minor-aged youth in Hennepin County, Minn. While at The Bridge,
youth receive food, shelter, clothing and comprehensive case
management, which connects them to on-site healthcare, education
and employment assistance and therapeutic counseling. In the coming
year, The Bridge will work with more than 10,000 youth.
Ameriprise Bank, FSB invests in the Minneapolis/St. Paul
area
in 2023, in accordance with the Community Reinvestment Act
(CRA), Ameriprise Bank, FSB, made a $1 million Equity Equivalent
Investment (EQ2) in Propel Nonprofits (Propel), a certified
Community Development Financial Institution (CDFI) that provides
flexible loan capital to Twin Cities area nonprofit organizations.
This is Ameriprise Bank’s second $1 million investment in Propel’s
nonprofit lending program. Ameriprise Bank also provided liquidity
to the Twin Cities area residential mortgage market with a $10
million investment in a low and moderate-income mortgage-backed
security in 2023.
About Ameriprise Financial Community Relations
Ameriprise Financial is dedicated to utilizing the firm’s
resources and talents to improve the lives of individuals and build
strong communities. Through grantmaking, volunteerism and employee
and advisor gift matching programs, the company supports a diverse
group of more than 7,500 nonprofits across the country. By
targeting our grantmaking, the company can make the most of its
resources and engage its people to make a collective impact with
greater benefit for communities. Ameriprise funds grants to local
nonprofits twice annually—the next deadline is May 15 and
guidelines are available on the firm’s website.
About Ameriprise Financial
At Ameriprise Financial, we have been helping people feel
confident about their financial future for more than 125 years.
With extensive investment advice, asset management and insurance
capabilities and a nationwide network of approximately 10,000
financial advisors, we have the strength and expertise to serve the
full range of individual and institutional investors' financial
needs.
© 2024 Ameriprise Financial, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20240212729736/en/
Alison Mueller, Media Relations 612.678.7183
alison.g.mueller@ampf.com
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