Manulife donating $250,000 to support COVID-19 relief efforts in Asia

Rhea-AI Summary

Manulife is donating $250,000 (CAD) to Project HOPE to provide essential medical supplies in Asia, particularly in India, amidst a resurgence of COVID-19. This contribution aims to support healthcare facilities by supplying oxygen, ICU beds, and PPE kits. Additionally, Manulife is activating an employee matching program to encourage further contributions from its global team. Over the past year, the company has donated nearly $5 million for various COVID-19 relief efforts, focusing on food security, mental health support, and healthcare worker well-being.

Positive

• Donating $250,000 CAD to support healthcare facilities in Asia.
• Activating an employee matching program to encourage further contributions.
• Previously contributed nearly $5 million for COVID-19 relief efforts.

Negative

• None.

C$ unless otherwise stated                                            TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, May 4, 2021 /PRNewswire/ - COVID-19 is currently resurging with devastating impacts in parts of Asia. In response, Manulife is donating $250,000 (CAD) to Project HOPE. This contribution will go towards providing much needed supplies for healthcare facilities including oxygen, ICU beds, PPE kits, and other critical medical supplies in India and regions across Asia most highly impacted by the pandemic.  

In addition to this donation, Manulife is activating its employee matching program to further enable its global team to support those communities in Asia.  

"The pandemic is having a devastating impact on communities, customers and colleagues in many parts of Asia, especially in India, Indonesia, Cambodia, Malaysia, and the Philippines," said Karen Leggett, Global Chief Marketing Officer, Manulife. "With healthcare facilities under extraordinary strain, Manulife is proud to support Project HOPE in providing life-saving supplies for healthcare providers to help the people who need it the most." 

"Project HOPE is incredibly grateful for the support from Manulife," said Cinira Baldi, Vice President, Chief Development & Communications Officer, Project HOPE. "It's so important for all sectors around the world to come together to assist at this critical moment. Until COVID-19 is under control in all countries, it remains a global threat to us all."

Over the past year, Manulife contributed nearly $5 million to the community focused on several critical fronts in response to COVID-19, including food security for the most vulnerable; supporting the well-being of health care workers; enabling mental health support through digital programs; and facilitating matching donations and virtual volunteer programs. 

About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of December 31, 2020, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, and in the previous 12 months we made $31.6 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

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SOURCE Manulife Financial Corporation

FAQ

What is Manulife's recent donation amount and purpose?

Manulife is donating $250,000 CAD to support healthcare facilities in Asia amidst the COVID-19 resurgence.

Which organization is Manulife partnering with for its donation?

Manulife is donating to Project HOPE to provide essential medical supplies.

What has been Manulife's total contribution to COVID-19 relief in the past year?

Manulife has contributed nearly $5 million to various COVID-19 relief efforts over the past year.

How is Manulife involving its employees in the donation process?

Manulife is activating an employee matching program to further support communities in Asia.

What specific supplies will the donation assist with in Asia?

The donation will provide oxygen, ICU beds, PPE kits, and other critical medical supplies.