Citi’s Annual e for education Campaign Raises $8.15 Million
November 14 2019 - 8:29AM
Business Wire
Global philanthropic initiative helps tackle
childhood illiteracy and improve access to quality
education
Citi’s annual e for education campaign has raised $8.15 million
to support education focused non-profits. Since its inception in
2013, the global philanthropic initiative has raised over $37
million to help tackle childhood illiteracy and improve access to
quality education.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191114005027/en/
(Photo: Business Wire)
This year, Citi expanded the campaign to include a broader range
of electronically traded products. Throughout the nine-week
campaign, Citi's Foreign Exchange business donated $1 for every $1
million traded on its electronic platforms including Citi Velocity,
Citi's flagship trading platform for institutional clients, and
CitiFX Pulse for corporate and custody clients. The initiative also
included local market bonds and for the first time, expanded across
Futures and Cash Equities, part of the newly formed Equities and
Securities Services business. The group donated a portion of the
revenues generated against all electronically traded flows on its
platforms.
“We are extremely proud of the ongoing success of this campaign
and the positive impact it is having on students both inside and
outside the classroom,” said Itay Tuchman, Global Head of FX. “No
child should be denied the right to a quality education and
together, working with a number of non-profit partners and
leveraging Citi’s global footprint, we can make the world a better
place.”
Hundreds of thousands of students have been supported by the
campaign globally through various initiatives including the opening
of New York City's first public charter school incubation space in
the South Bronx, and sponsorship of the Teach First Run the River
Race.
“We are so very grateful to everyone involved in Citi’s e for
education campaign,” said Catherine Roche, CEO at Place2Be. “The
funds raised will be directed to our work in schools, providing
vital mental health support for children in a safe, familiar
environment, without stigma. Not only can the children that receive
help from our Place2Be teams experience life-long benefits as a
result, but these services also help to create calmer learning
environments for all children, with less classroom disruption. The
overall educational benefits of this are invaluable.”
“Citi has been a valuable partner to Room to Read,” said Geetha
Murali, CEO of Room to Read. “Our long-term relationship has
enabled us to invest in the futures of 79,000 children across Asia
and Africa through the ‘e for education’ campaign. As a result,
children are learning how to read and write, and girls are staying
in school longer. We have also raised visibility for the importance
of gender equality through joint activities. We’re incredibly
grateful for Citi’s investments in our mission over the last seven
years. We look forward to continuing our collaboration, so that we
can provide thousands more children with opportunities to reach
their full potential.”
Additional information about the campaign may be found at
www.citifx.com/e4e
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at http://www.citigroup.com
| Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog:
http://blog.citigroup.com/| Facebook: http://www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191114005027/en/
Media: Scott Helfman +1 212-816-9241
Citigroup (NYSE:C)
Historical Stock Chart
From Mar 2024 to Apr 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Apr 2023 to Apr 2024