Citi Kicks Off 9th Annual e for education Campaign

Rhea-AI Summary

Citi has launched its 9th annual e for education campaign, aiming to raise awareness and funds for organizations tackling childhood illiteracy and enhancing education access. This initiative runs from today until October 29, with a percentage of electronic trading proceeds donated. Since 2013, the campaign has raised over $47 million and supported over 758,000 youth and 31,000 schools. New partners introduced this year include Asian University for Women, Ditch the Label, and Pencils of Promise.

Positive

• Raised over $47 million for education-focused non-profits since 2013.
• Supported over 758,000 youth and 31,000 schools.

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• None.

Over $47 million raised for education-focused non-profits since 2013

NEW YORK--(BUSINESS WIRE)-- Citi has kicked off its 9th annual e for education campaign, an initiative that helps raise awareness and funds for education-focused non-profit organizations who tackle childhood illiteracy and improve access to quality education.

Beginning today and through October 29, Citi will donate a percentage of the business proceeds traded electronically across its Markets franchise. In 2020, the e for education campaign raised a record $9.4 million and included 53 events across 9 countries and 13 cities with students, partners, and clients.

“Providing education to young people across the globe is essential to ensuring shared future prosperity and ending the cycle of poverty,” said Carey Lathrop, Co-Head of Markets. “Citi’s e for education is helping make a difference as we work together with our clients and non-profit partners to inspire hope and help build a better and more equitable future for society’s next generation.”

This year, Citi has expanded the number of non-profits with three additional partners, Asian University for Women, Ditch the Label and Pencils of Promise, bringing the total of non-profit organizations supported by the campaign to 13 which represent Citi’s global footprint and global commitment to improving education in the communities we operate in:

• Asian University for Women-- A fully independent, regional institution dedicated to empowering women from the most marginalized communities across Asia through women’s education and leadership development
• Civic Builders -- Develops public school buildings in historically under-resourced communities
• Ditch the Label -- A leading youth charity which runs a digital support platform that provides advice and support for young people who are experiencing a wide range of issues including bullying and mental health
• EMpower -- Supports marginalised youth in education in emerging market countries
• Fallen Patriots -- Educates children who have lost a parent in the US Military
• Malala Fund -- Breaks down the barriers preventing more than 130 million girls around the world from going to school
• Pencils of Promise -- A nonprofit organization whose focus is removing barriers and supporting access to quality education in Laos, Guatemala and Ghana
• Place2Be -- A children’s mental health charity with over 25 years’ experience providing mental health support for pupils, families and staff in UK schools
• Reach the World -- Makes the benefits of travel accessible to classrooms through virtual exchange, inspiring youth to become more curious and confident global citizens
• Room to Read -- Creating a world free from illiteracy and gender inequality
• Teach First -- A charity which provides a range of school leadership programmes to support teachers, leaders and schools facing the biggest challenges, serving the most disadvantaged communities
• Teach For All -- A global network of organisations working to ensure all children have the education, support, and opportunity they need to fulfill their potential
• Uncommon Schools -- Starts and manages K-12 public charter schools that prepare students from low-income backgrounds for college and beyond

“We are excited to announce the addition of three new non-profits to our e for education campaign,” said Itay Tuchman, Global Head of FX. “This initiative has raised over $47M since inception and has helped open the doors of education to young people around the world. We look forward to building on that.”

“Ditch the Label is delighted and proud to have been chosen as a beneficiary of Citi's e for education program,” said Liam Hackett, Global CEO, Ditch the Label. “This vital initiative, dedicated to improving access to quality education globally completely aligns with Ditch the Label’s mission and work to ensure children and young people have the help, support and education that they need and deserve in order to thrive. Together we can work towards our goal of digitizing and globalizing Ditch the Label Education and increasing our support provision globally to ensure an inclusive and supportive climate for children and young people across the globe.”

“With the support of Citi and the e for Education campaign, Room to Read will continue to invest in the next generation of leaders through our literacy and gender equality programs and ensure lifelong learning for children in underserved communities around the world,” said Dr. Geetha Murali, CEO, Room to Read. “Now more than ever it is critical that young learners, particularly students who continue to be acutely affected by COVID-19 school closures, are given the opportunity to succeed both inside and outside the classroom.”

In addition to the donations raised on the back of Citi’s electronic trading activity, Citi clients and employees also support the selected non-profits through a series of educational activities including CV clinics, mock interviews, trading simulations and economics lessons.

Since its launch in 2013, the campaign has:

• Raised over $47 million
• Supported 758k + youth
• Helped 31K+ schools

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/20210907005169/en/

Media Contact: Scott Helfman +1 212-816-9241

Source: Citi

FAQ

What is the purpose of Citi's e for education campaign?

Citi's e for education campaign raises awareness and funds for education-focused non-profit organizations tackling childhood illiteracy.

How much money has Citi's e for education campaign raised?

Since its launch in 2013, the campaign has raised over $47 million.

Who are the new partners in Citi's e for education campaign for 2023?

The new partners include Asian University for Women, Ditch the Label, and Pencils of Promise.

When does Citi's e for education campaign run?

The campaign runs from today through October 29.

How many youth and schools have benefited from the campaign?

The campaign has supported over 758,000 youth and helped 31,000 schools.