Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank. The move makes Fifth Third the largest investor in the minority depository institution and community development financial institution.
Wells Fargo & Company (NYSE: WFC) today announced it has deployed its Mobile Response Unit to provide housing recovery assistance as well as help for auto, credit card, personal lines/loan, student loan and small business loan customers in the Panhandle and surrounding areas impacted by Hurricane Michael.
In 2017, the World Economic Forum reported that the global gender gap had widened for the first time. This regression stands to hit women and girls at the Base of the Economic Pyramid (BoP) hardest, as many lack independent sources of income or decision making power for themselves and their families.
KMF, a Kazakhstan-based microfinance organization, joins Business Call to Action (BCtA) with a commitment to expand access to financial products and services for 40,000 new micro-, small- and agrobusiness customers across Kazakhstan by the end of 2018. KMF also commits to ensuring at least half of its new clients will be women, and will actively engage potential clients from rural areas.
Big Data, Robotics, Artificial Intelligence, and the Internet-of-Things are completely revolutionizing the way we work, learn and live. Advances in technology are saving lives, overcoming infrastructure challenges, and bringing goods and services to communities formerly cut off, whether through physical or economic isolation.
Today, American Express, the National Trust for Historic Preservation and Main Street America announced the winners of the 2018 Partners in Preservation: Main Streets campaign. The 11 winning historic sites will receive a total of $1.6 million in grants to fund their respective preservation projects. At the outset of the campaign, an additional $400,000 was allocated to the 20 Main Street communities that participated in the program to increase public awareness of the importance of these historic places and build grassroots support for the participating Main Street districts.
Poverty Is Unnecessary Fund members are donating $25,000 each to alleviate global poverty; the Poverty Is Unnecessary Benefit & Live Auction will celebrate the impact of this work by Whole Planet Foundation and its supporters.
Whole Planet Foundation is proud to partner with Pulse Centers, the Gold Sponsor of its Annual Benefit & Auction taking place on October 25, 2018. This party with a purpose celebrates the foundation’s global impact in 74 countries and aims to motivate more advocates to join its mission.
In June, the W.K. Kellogg Foundation announced a new loan fund for small businesses in Battle Creek. The target was $10 million, with the foundation committed to matching each $1 given to the fund with $2. The fund moved another step closer to that final goal with a $75,000 contribution from Consumers Energy, presented in a ceremony on Wednesday.
The Fortune 2018 Change the World list features 57 companies that are doing well by doing good. These businesses are trying to fix big problems and make money while doing it. That’s right, it’s not a list about charity (though many of these companies also have charitable efforts). It’s about how business—one of the most scalable and sustainable engines we know of—is using its resources and expertise to tackle the biggest challenges. In recent years, more companies are taking steps to try to solve large-scale social issues; it’s a trend that’s not likely to slow down.
