Press release
Northern Trust Donates $50,000 to Everglades Foundation; Part of Decades-Long Investment in Florida
MIAMI--(BUSINESS WIRE)-- As Northern Trust celebrates 50 years in the state of Florida, it announced today a donation of $50,000 to the Everglades
About this update from Northern Trust Corporation
[{"type":"text","content":" MIAMI--(BUSINESS WIRE)--\nAs Northern Trust celebrates 50 years in the state of Florida, it announced today a donation of $50,000 to the Everglades Foundation, which seeks to protect and restore America’s Everglades, the largest subtropical wilderness in the United States that provides important habitat for numerous rare and endangered species.\n\n“America’s Everglades are one of the environmental treasures that make the state of Florida so special, and we are proud to partner with an organization that protects these essential waterways,” said Alexander Adams, President of South Florida, Northern Trust Wealth Management. “We hope this donation will continue this important work to benefit Florida for many years to come.”\n\nEric Eikenberg, CEO of the Everglades Foundation, congratulated Northern Trust for celebrating 50 years in Florida.\n\n“We consider Northern Trust a trusted investment and financial partner that has increasingly strengthened its relationship with us and consistently demonstrated a meaningful commitment to our mission to restore and protect America's Everglades,” he said.\n\nAs a long-time and highly engaged member of the Florida business community, Northern Trust has donated approximately $14 million over the past decade to Florida-based organizations and invested more than $1 billion to support communities across the state.\n\nCurrently, Northern Trust’s Community Investment Portfolio in Florida stands at $541 million, supporting a wide variety of organizations and projects, including the following:\n\n\nInvestments of over $50 million to local Habitat for Humanity organizations which supported the origination of more than 450 zero-interest mortgage loans to low- and moderate-income Florida families;\n\n\nA $3.2 million equity investment in New Market Tax Credits for Miami Lighthouse for the Blind, to help fund a five-story addition to their Miami facility that will greatly increase programs;\n\n\nMore than $5 million in an equity investment in New Markets Tax Credits for Overtown Youth Center to open a three-story building and increase range of services to youth, ages 7 to 25;\n\n\nAn investment of $2 million for PPP (Paycheck Protection Program) funding through the Black Business Investment Fund, which seeks to increase Black business ownership in Florida;\n\n\nNearly $6 million in New Markets Tax Credits ...