KeyBank Community Development Lending and Investment (CDLI) provided $16.6 million in low income housing tax credit equity (state and federal), a $21.3 million construction loan and $6.3 million taxable equity bridge for the construction of Silos Apartments.
Each year in its headquarters city of Seattle, Washington, Holland America Line contributes to many local non-profit organizations through sponsorships, board participation and employee volunteerism. The company also supports a wide-range of non-profits and philanthropic efforts throughout the United States and around the world where its premium cruise ships sail. Seattle Business Magazine recently recognized the cruise line’s philanthropic efforts with a Community Impact Award.
T. Rowe Price’s 2015 Parents, Kids & Money Survey, which sampled 1,000 parents nationally of 8 to 14 year olds in January 2015, revealed that 62% of parents agree with the statement, “I spent more for my kids over the holidays than I should have.” While most parents use their current income (56%) and credit cards (47%) to cover holiday spending, a surprising percentage have also tapped their retirement savings (7%) and their emergency fund (9%).
While working in rural northern Thailand in 2013, Erin Zaikis met children who didn’t know what soap was, so she brought them some, trying to conduct an impromptu hand-washing workshop. She was stunned to see the children smacking their faces with the bars of soap, unsure of what to do with it. Soap is something that so many of us take for granted; however, there are many people in the world who can’t afford it and don’t understand the benefits of hand washing.
Westpac has released its 2015 Reporting Suite, including its Annual Review & Sustainability Report (an integrated summary) and a more detailed Sustainability Performance Report.
Today, Wells Fargo & Company (NYSE: WFC) and UNCF (United Negro College Fund) rallied students from three of the nation’s leading Historically Black Colleges and Universities (HBCUs) —Clark Atlanta University, Morehouse College and Spelman College — for an interactive town hall event to promote positive images of African American youth. HBCU alumni, Terrence ‘J’ Jenkins, actor and philanthropist, and Natasha Eubanks, founder and CEO of TheYBF.com, joined Wells Fargo and UNCF leaders to inspire students to use social media to share personal experiences that proactively address cultural mischaracterizations.
Five of South Florida’s brightest and most promising hospitality students are getting the opportunity to pursue their dream of launching a career in hospitality management with an $80,000 scholarship from Carnival Foundation, the philanthropic arm of Carnival Corporation.
Obesity and diabetes rates in the United States have hit an all-time high. More than two in three American adults are considered overweight today, according to the Institute for Health Metrics and Evaluation, a health research center. Children are no better off, reporting skyrocketing increases in new Type-2 diabetes cases; a condition previously unheard of in people under 30.
First Green Bank (FGB) CEO Ken LaRoe reflects on the midpoint of the bank's collaboration with Capital Institute on the Year in the Life of a Regenerative Bank project, acknowledging both the progress FGB has made and the inevitable setbacks it has encountered as its values bump up against real-world constraints.
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