Press release
Northern Trust Announces Inaugural Philanthropy Award
Northern Trust Anchor Award to Recognize High-Performing Nonprofit with Significant Capacity-Building Grant CHICAGO--(BUSINESS WIRE)-- Northern Trust
About this update from Northern Trust Corporation
[{"type":"text","content":"\nNorthern Trust Anchor Award to Recognize High-Performing Nonprofit with Significant Capacity-Building Grant\n\n\n CHICAGO--(BUSINESS WIRE)--\nNorthern Trust announced today the inaugural Northern Trust Anchor Award, which will grant up to $1 million to one Chicago-based, innovative nonprofit organization to accelerate its growth and positive impact.\n\n\nThe Anchor Award is a new facet to Northern Trust’s nearly 135-year history of ongoing philanthropic support. Northern Trust has donated more than $170 million over the past decade with a global philanthropic strategy focused on broadening opportunities for financial success with support in four areas of fundamental need: accessible healthcare, affordable housing, quality education and food security.\n\n\n“Northern Trust is committed to creating better financial futures for the communities where we live and work,” Chairman and Chief Executive Officer Michael O’Grady said. “The Anchor Award continues our legacy of elevating change-making organizations.”\n\n\nNorthern Trust has a long history of groundbreaking philanthropic support. In 1893, Northern Trust founder Byron L. Smith seeded a relief fund for victims of a devastating fire that broke out at the World’s Fair. Since then, Northern Trust’s charitable footprint has helped establish Chicago’s nonprofit pillars such as The Art Institute, Field Museum, United Way of Metro Chicago, Metropolitan Family Services, Braven and Kids First Chicago.\n\n\n“The Anchor Award aims to provide support to a highly effective 501(c)(3) nonprofit organization by granting them up to $1 million to strengthen their overall organizational capacity and effectiveness,” Director of Corporate Philanthropy Shana Hayes said. “The grant may support the nonprofit's infrastructure, systems, skills, and resources or other initiative aimed at improving the organization's ability to serve individuals aged 16 to 24 on Chicago’s South and West sides.”\n\n\nNorthern Trust invited select past or current Northern Trust Foundation grantees with an organizational budget between $2 million and $10 million to participate in the Anchor Awards process. Northern Trust has named four finalists for the Anchor Award:\n\n\n\nChicago Furniture Bank is the largest furniture bank in the country. It is growing rapidly and has quickly become a critical resource in procuring and pr...