Press release
Northern Trust Releases 2021 Philanthropic Impact Report
Over last decade, Northern Trust Donates More Than US$160 Million; Employees Spend More Than 1 Million Hours Volunteering CHICAGO--(BUSINESS WIRE)-- Northern
About this update from Northern Trust Corporation
[{"type":"text","content":"\nOver last decade, Northern Trust Donates More Than US$160 Million; Employees Spend More Than 1 Million Hours Volunteering\n\n CHICAGO--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) has made $160 million in charitable contributions in the last decade, including $18 million in 2021 benefiting nearly 1,000 organizations globally, according to a Northern Trust’s 2021 Philanthropic Impact Report released today.\n\nAdditionally Northern Trust staff have provided more than 1 million hours of volunteer service in the past decade, a practice supported by the company offering two paid days off per year for volunteer service. During Northern Trust’s global month of service in October, known as Achieving Greater Together, employees volunteered more than 12,000 hours – in person and virtually -- to support organizations in their communities and beyond.\n\n“Northern Trust is committed to creating more equitable opportunities to achieve long-term financial success for those who too often face unfair hurdles,” said Shana Hayes, director corporate of philanthropy at Northern Trust. “We have chosen to focus our efforts in areas where we feel we can do the most to advance this mission: food security, accessible healthcare, affordable housing and educational excellence.”\n\nExamples highlighted in the report include:\n\nHousing\n\nNorthern Trust supports SOS Children’s Villages (India), which provides shelter and services for homeless and other at-risk children, laying a foundation for educational achievement and a more secure future.\n\nWhen children can no longer live with their families, SOS Children’s Villages works with the communities and state partners to provide children with supportive alternative care to ensure children’s needs are met.\n\nMany households in Pune, India, are headed by single women living in poor and vulnerable conditions. Government statistics estimate a third of the population lives with inadequate access to basic services or infrastructure. The prevention of poverty and abandonment is a high priority for SOS Children’s Villages.\n\nEducation\n\nNorthern Trust works with its philanthropic partners to support educational equity to foster human potential. One grantee highlighted in the report is The Access Project, based in England.\n\nSupporting students from disadvantaged backgrounds to access the U.K.’s top univers...