In a time of critical need, Ameriprise Financial (NYSE: AMP) is accelerating its corporate donation schedule, making $2.5 million available immediately to nonprofits it supports. The company is expediting the grants to help cover cash flow and general operating expenses during this time of increased economic pressure on nonprofits as a result of the COVID-19 pandemic. Providing flexible support will help allow the nonprofits to continue to serve their communities and fulfill their missions.
The firm is also allocating an additional $100,000 in COVID-19 relief to Feeding America, building on its longstanding commitment to helping end domestic hunger. Since 2009, Ameriprise and its volunteers have provided more than 84 million meals and logged nearly 310,000 volunteer hours to hunger-relief organizations across the country. The company is also donating $25,000 to the Global FoodBanking Network, which helps provide meals to individuals in 30 countries around the world.
"During these difficult days, nonprofits are a lifeline to millions of people who suddenly find themselves struggling to get by," said Brian Pietsch, head of community relations at Ameriprise. "At the same time, many nonprofits themselves are facing an increased need for assistance. We are grateful for their work and proud to support these organizations whose help is more critical now than ever."
About Ameriprise Financial
At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With a network of approximately 10,000 financial advisors and extensive asset management, advisory and insurance capabilities, we have the strength and expertise to serve the full range of consumer financial needs. For more information, visit ameriprise.com.
About Ameriprise Financial Community Relations
Ameriprise Financial is dedicated to utilizing the firm’s resources and talents to improve the lives of individuals and build strong communities. Through grants, volunteerism and employee and advisor gift matching programs, the company supports a diverse group of over 7,500 nonprofits across the country. In 2019, Ameriprise employees and advisors contributed nearly 100,000 volunteer hours to nonprofits nationwide.
About Feeding America
Feeding America® is the largest hunger-relief organization in the United States. Through a network of 200 food banks and 60,000 food pantries and meal programs, they provide meals to more than 40 million people each year. Feeding America also supports programs that prevent food waste and improve food security among the people they serve; educates the public about the problem of hunger; and advocates for legislation that protects people from going hungry. Individuals, charities, businesses and government all have a role in ending hunger. Donate. Volunteer. Advocate. Educate. Together we can solve hunger. Visit www.feedingamerica.org, find us on Facebook or follow us on Twitter.
Alison Mueller, Media Relations Sr. Director