WHAT DO OTHER BANKERS DO?

Doing Our Part
The nation's largest financial institutions gave $599 million away in corporate donations in 1999, according to a report on results of a survey by the Financial Services Roundtable. That figure was nearly 43 percent higher than the last survey, which was done in 1998. It breaks down to $114 million to medical and human services groups, almost $110 million to educational causes, $107 million to community development groups, and $72 million to cultural organizations.

Bank of America was the largest donor, giving $95.5 million to charity.

Child Care Training Provided
Chase Manhattan has made a deep commitment to child care providers in the New York/New Jersey/Connecticut area. The bank has a $1.1 million initiative that supplies grants to eight nonprofit intermediaries for work in child care and to three nonprofit community development financial institutions. The intermediary grants will be used for technical assistance to child care providers to allow them to improve facilities and enhance business skills. The financial institution will received recoverable grant money to make loans to center- and home-based child care providers.

Copyright © 2001 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 11, No. 1, 1/01