Results tagged as "community development"

  • Asset Building: What Does the Future Look Like?

    By Natalie Abatemarco, Managing Director, National Initiatives, Citi Community Development August 06, 2012 01:30 PM

    I recently had the privilege of attending the National Urban League's annual conference in New Orleans. The National Urban League and Citi have a long-standing, multi-pronged relationship, and collaborate on numerous community programs through both Citi Community Development and Citi Foundation. This year's conference was particularly special as it opened with a speech from President Obama. In his address to the conference attendees, the President reiterated that "Good jobs, quality schools... affordable housing -- these are all the pillars upon which communities are built." They are also important stepping stones for families to build long-term assets, such as earning college degrees, saving for retirement, or buying a home. However, with the Pew Institute's report revealing the country's record wealth gap in communities of color, the President challenged attendees to be creative and urgent in making these asset building opportunities accessible to everyone. But how?

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  • Citi Open Tennis Tournament - Helping At-Risk Youth Both On and Off the Court

    By John Breaux, Former United States Senator and Vice President of Facilities, Washington Tennis and Education Foundation August 01, 2012 09:00 AM

    Washingtonians have long marked the peak of summer with an annual tennis tournament, drawing high profile players to compete under the sweltering DC sun. We are again in the midst of the Citi Open, which began July 28 and will run through August 4, at the William H.G. FitzGerald Tennis Center in Rock Creek Park. With Citi taking over as the tournament's title sponsor, we have seen the event grow both on and off the court this year.

    Proceeds from the Citi Open benefit the Washington Tennis and Education Foundation (WTEF), a non-profit organization designed to provide academic enrichment, supplemented by tennis and life skills, to at-risk Washington, DC youth.

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  • PBS series supported by the Citi Foundation focuses next on the financial decisions facing the working poor

    By Daria Sheehan, Senior Program Officer, U.S. Financial Capability and Asset Building, Citi Foundation July 27, 2012 03:00 PM

    The third installment of a special financial inclusion series underwritten by the Citi Foundation will debut this evening on the PBS weekly public affairs news program "Need to Know". The five-part series, "Your Money and Your Life," illustrates the Citi Foundation's commitment to educate, empower and transform low-income communities by supporting efforts to build financial capability among consumers. Click here to read a previous post about the series' debut.

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  • The Future of Housing: Economic growth and opportunity for all

    By Natalie Abatemarco, Managing Director, Citi Community Development July 11, 2012 12:30 PM

    The NCLR Lead the Way conference, which several of my Citi colleagues and I attended this week, is a great opportunity to meet friends and colleagues and discuss issues that are important to our nation's economically vulnerable families and communities. On Monday, I was privileged to participate in "Don't Quit the Dream: A Vision for Homeownership Beyond 2012," a town hall along with leaders from the government and nonprofit sectors. Like Citi, each of them is committed to achieving long-term affordable homeownership, particularly for low- and moderate-income families.

    Largely due to the leadership and ingenuity of many of the panelists, conference attendees and other leaders like them, distressed homeowners and communities across the country are benefitting from innovative programs and assistance. These programs directly address the economic realities and hardships facing people today.

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  • The Asset Building Policy Network: How can we support a savings culture?

    By Sandy Fernandez, Senior Vice President, Citi Community Development July 09, 2012 12:30 PM

    A recent Citi survey revealed that just 41 percent of people making less than $50,000 a year are saving on a regular basis. Only a quarter of them say they have savings goals or feel they are saving enough. Also, the Federal Reserve Board's Survey of Consumer Finances for 2010 shows that the median net worth of Americans fell 39 percent, from $126,400 in 2007 to $77,300 in 2010. This represents a whopping loss of wealth and financial security for all Americans, and the data is even more daunting for low-income and minority communities.

    Over the last year, as one part of Citi Community Development's strategy to drive our company's financial inclusion commitment, we have been working with a coalition of the nation's leading civil rights, policy, and community development organizations to address these stark statistics by focusing on long-term savings opportunities.

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  • Citi Foundation-supported PBS series continues, focusing on peer-to-peer assistance

    By Daria Sheehan, Senior Program Officer, U.S. Financial Capability & Asset Building, Citi Foundation June 29, 2012 03:00 PM

    The second installment of a special financial inclusion series underwritten by the Citi Foundation will debut this evening on the PBS weekly public affairs news program "Need to Know". The five-part series, "Your Money and Your Life," illustrates the Citi Foundation's commitment to educate, empower and transform low-income communities by supporting efforts to build financial capability among consumers. Click here to read a previous post about the series' debut.

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  • Citi's Alumni Network Celebrates Citi's 200th Anniversary in Guam

    By Citi Alumni Network June 26, 2012 02:30 PM

    Citi volunteers at an ice cream station at the Global Community Day event in Guam

    "There is no better way to celebrate our 200th anniversary than by honoring our history, embracing the future and working together to strengthen the communities where we live and work," noted Vikram Pandit about this year's Global Community Day. And in this year's Global Community Day effort, more than 100,000 volunteers spent 500,000 hours across 92 countries supporting 1,300 projects to help local communities. These volunteers lent their time and skills to local efforts including neighborhood revitalization, housing, disaster relief, environmental protection, donation drives, and financial education and literacy.

    Citi alumni also took part in Global Community Day. As part Citi's Alumni Network, an extension of Citi's global employee network, alumni were able to join Citi colleagues on this special day. The Network provides an opportunity for former Citi colleagues to stay connected with Citi and with each other. Many organizations participated in Citi's Global Community Day effort in Guam -- children invited to the events played games, ate sweets, went rock climbing, and participated in other entertaining activities. Citibank country business manager Agustin Davalos described the event as a way of celebrating the future.

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  • Citi Commemorates 200th Anniversary with Hundreds of Volunteer Projects Around the World on Annual Global Community Day

    By Pam Flaherty, Director of Corporate Citizenship, Citi; President and CEO, Citi Foundation June 18, 2012 04:30 PM

    This past Saturday, June 16th 2012, Citi illustrated its ongoing commitment to helping communities by marking its 200th anniversary with its seventh annual Global Community Day. In 92 countries around the world, more than 100,000 Citi volunteers - the largest number of participants ever - gathered in the days leading up to and including Global Community Day to participate in 1,300 service projects that benefited local communities.

    Global Community Day serves as an annual opportunity for Citi employees, alumni, family and friends around the world to gather as one to demonstrate a shared commitment to its communities - a commitment that is carried out year-round by many employees who regularly volunteer their time to strengthen the communities where we live and work.

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  • Citi Employees' Recycled Phones Help Domestic Violence Victims

    By Irene Blake, Coordinator of Citi’s US “Wireless Drop-Off” June 05, 2012 09:00 AM

    Citi holds a drive each year to gather and donate wireless devices our employees no longer need. The drive is an important component of our Sustainable Technology program, and combines Citi's commitment to responsible asset management through recycling with our passion for active involvement in the communities where we work and live.

    In 2011, our US employees collected more than 2,500 no-longer-used wireless devices. We wanted not only to keep them out of landfills, but also to give them new life while helping those in need. We worked with HopeLine® from Verizon to have our "data-scrubbed" devices recycled and disposed of under a zero-landfill policy.

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  • Citi teams up with the Mets Alumni Association and Habitat for Humanity to revitalize Harlem

    By Bill Borden, Managing Director, Citi Transaction Services May 25, 2012 04:00 PM

    Yesterday, Citi and the New York Mets Alumni Association teamed up with Habitat for Humanity for their "Brush with Kindness" neighborhood revitalization event at the King Towers Community Center and the Youth Chorus Office at Taft Houses in Harlem, both part of the New York City Housing Authority (NYCHA). The project is part of our "Teammates in the Community" initiative in partnership with the Mets, which reflects our ongoing commitment to being active participants in the community.

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