BlackRock, Inc. has made a charitable contribution of 15.6 million shares of PennyMac Financial Services, Inc., with a market value of $589 million, to fund the firm’s social impact efforts to advance a more inclusive and sustainable economy. This charitable contribution will provide long-term funding for the firm’s future philanthropic investments and partnerships focused on promoting sustainability and economic mobility, and building a financial safety net for underserved and underemployed people. “Society today needs companies to create economic growth that benefits all stakeholders,” said Larry Fink, Chairman and CEO of…
Read MoreBlackRock Creates Foundation to Advance a More Inclusive and Sustainable Economy
