Northern Trust Announces Inaugural Philanthropy Award
- Northern Trust has a long history of philanthropic support, donating over $170 million in the past decade
- The Anchor Award aims to strengthen the organizational capacity and effectiveness of a nonprofit
- Four finalists for the Anchor Award have been named
- None.
Northern Trust Anchor Award to Recognize High-Performing Nonprofit with Significant Capacity-Building Grant
The Anchor Award is a new facet to Northern Trust’s nearly 135-year history of ongoing philanthropic support. Northern Trust has donated more than
“Northern Trust is committed to creating better financial futures for the communities where we live and work,” Chairman and Chief Executive Officer Michael O’Grady said. “The Anchor Award continues our legacy of elevating change-making organizations.”
Northern Trust has a long history of groundbreaking philanthropic support. In 1893, Northern Trust founder Byron L. Smith seeded a relief fund for victims of a devastating fire that broke out at the World’s Fair. Since then, Northern Trust’s charitable footprint has helped establish Chicago’s nonprofit pillars such as The Art Institute, Field Museum, United Way of Metro Chicago, Metropolitan Family Services, Braven and Kids First Chicago.
“The Anchor Award aims to provide support to a highly effective 501(c)(3) nonprofit organization by granting them up to
Northern Trust invited select past or current Northern Trust Foundation grantees with an organizational budget between
- Chicago Furniture Bank is the largest furniture bank in the country. It is growing rapidly and has quickly become a critical resource in procuring and providing furniture to support a network of 400+ community-based organizations and thousands of clients each year.
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Chicago Scholars works with academically ambitious, first-generation college-going students who live and attend high school in
Chicago . When these students persist through a seven-year program, they not only get through college — they build futures where they can truly thrive. - Genesys Works' mission is to provide pathways to career success for high school students in underserved communities through skills training, meaningful work experiences, and impactful relationships. We envision a future where all young adults are equipped and empowered with the knowledge and skills required to achieve career success, upward mobility, and a lifetime of economic self-sufficiency.
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Nourishing Hope provides food, mental health counseling and social services to Chicagoans in need. Founded in 1970, Nourishing Hope is one of
Chicago's largest and longest-operating hunger relief organizations, providing the equivalent of 4 million meals annually.
The Anchor Award winner will be announced in November.
“We congratulate the Anchor Award finalists,” Hayes said. “They all are exemplary organizations that further advance our mission to serve young people from Chicago’s South and West sides by supporting their needs and putting them on to the path of long-term financial well-being.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
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Doug Holt
312-557-1571
Doug_Holt@ntrs.com
http://www.northerntrust.com
Source: Northern Trust Corporation