Day: 15 April 2023

Northern Trust Releases 2022 Philanthropic Impact Report

Stuart Mitchell

Northern Trust donated more than $165 million over the past decade to non-profit organizations, including more than $19 million in 2022 to organizations working to provide food security, affordable housing, accessible healthcare and quality education. Additionally, Northern Trust employees have provided more than 1 million hours of volunteer service over the past decade. During Northern Trust’s global month of service in October, known as Achieving Greater Together, employees volunteered more than 25,000 hours for more than 1,200 organizations. This marked a nearly 150 percent increase over last year in the…

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Truist Foundation Leads the Way With $5M Commitment to the American Red Cross to Grow Disaster Response Capacity

Stuart Mitchell

The American Red Cross celebrates Truist Foundation for its generous donation of $5 million to support the urgent humanitarian needs posed by extreme weather events across the U.S. Truist Foundation, headquartered in Charlotte, North Carolina, is the first corporate partner to commit such a gift in addition to its annual $1 million commitment to Red Cross Disaster Relief. Truist Foundation’s investment will help the Red Cross grow and adapt its capacity to respond to natural disasters and accelerate its ability to prevent and alleviate hardships brought on by these urgent…

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Cadence to Invest $50 Million to Support Racial Equity

Stuart Mitchell

Cadence Design Systems, Inc., announced that it is making a $50 million USD purpose-driven investment in an impact investment program managed by RBC Global Asset Management (RBC GAM) to address racial wealth inequities in affordable housing, homeownership and small business. In partnership with RBC GAM, Cadence will invest in an impact investment strategy that seeks to positively support underserved Black and Latinx individuals and communities nationally, including those in the San Francisco Bay Area, CA; Austin, TX; Columbia, MD; the New York Metropolitan Area; Boston and Burlington, MA; Research Triangle…

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Report finds looming workforce crisis for charitable sector in North East England

Stuart Mitchell

The latest Third Sector Trends report from the Community Foundation Tyne & Wear and Northumberland and Durham University has highlighted the problem the North East voluntary, community and social enterprises (VCSE) sector is having recruiting and retaining employees and volunteers. This at time when the region’s communities need more support than ever due to the cost-of-living crisis.   Earlier this month the first Third Sector Trends report highlighted the size and value of the sector to the region employing 37,000 people supplemented by 152,000 volunteers. However 54% of North East organisations…

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Circular Business Model for Egg Production Proves Promising in US

Stuart Mitchell

In a new case study, World Wildlife Fund (WWF) analyzes how Kipster, a Netherlands-based egg producer, has successfully expanded into the US market while maintaining a focus on carbon neutrality, animal welfare, and using surplus food for animal feed. The company has expanded to demonstrate the possibility of its circular business model for animal protein being both viable and profitable in the US, despite differing regulations, operating norms, and consumer cultures. A circular business model is designed to provide a product that, from source to end-of-life, has a net-zero or…

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