Northern Trust Releases 2023 Philanthropic Impact Report

Rhea-AI Summary

Northern Trust (Nasdaq: NTRS) has donated over $170 million to non-profit organizations in the past decade, with nearly $16 million in 2023 alone. The company also saw a record-setting year for employee volunteer efforts, with nearly 53,000 hours volunteered in October 2023.

CHICAGO--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) donated more than $170 million over the past decade to non-profit organizations, including nearly $16 million in 2023 to organizations working to provide food security, affordable housing, accessible healthcare and quality education.

Additionally, 2023 was a record-setting year for Northern Trust’s employee volunteer efforts. Year-round volunteering returned to pre-pandemic levels and during the month of October alone, for Northern Trust’s global month of service, known as Achieving Greater Together, employees volunteered nearly 53,000 hours supporting more than 1,700 organizations.

These metrics and more can be found in Northern Trust’s 2023 Philanthropic Impact Report.

“Our employees logged record-breaking level of volunteerism in 2023, which shows one measure of how important our communities are to our company,” Northern Trust Chief Social Impact officer Shana Hayes said. “I'm also thrilled that we launched our first annual Northern Trust Anchor Award in our headquarter city of Chicago, which aims to build the capacity of highly effective nonprofit organizations.”

Examples highlighted in the report include:

Housing
Northern Trust works to increase access to safe and stable shelter to help lay the foundation for educational achievement and a more secure future by supporting organizations such as Chicago-based Covenant House. The organization provides access to stable housing and full continuum of wraparound supportive services to Chicago's most vulnerable populations to meet the physical, emotional, educational well-being of young people, as they build their path to independence.

Education
Northern Trust works with organizations that support educational equity to foster human potential including Seva Sahayog Foundation, based in Pune, India. Seva Sahayog Foundation works with underprivileged youth to provide training and assistance for them to become skilled and financially independent.

Healthcare
Northern Trust supports organizations, including Erie Family Health Centers, to maximize healthcare access. Based in Chicago, in 2023 Erie Family Health served more than 11,700 youth, ages 16 to 24, predominantly female or people of color, as well as those who are uninsured or currently homeless.

Food Security
Northern Trust supports organizations including Stiftung Schweizer Tafel to ensure reliable, everyday access to nutritious meals. The Swiss Stiftung Schweizer Tafel collects more than 25 tons of high-quality food each day from retailers and distributes it for free to 500 social institutions, including homeless shelters, soup kitchens, emergency shelters and more.

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 Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2023, Northern Trust had assets under custody/administration of US$15.4 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240312762278/en/

Media Contact:

Doug Holt

Northern Trust

(312) 557-1571

Doug.Holt@ntrs.com

Source: Northern Trust

FAQ

How much has Northern Trust donated to non-profit organizations in the past decade?

Northern Trust has donated over $170 million to non-profit organizations in the past decade.

How much did Northern Trust donate in 2023?

Northern Trust donated nearly $16 million in 2023.

What was the record-setting aspect of Northern Trust's employee volunteer efforts in 2023?

Northern Trust saw a record-setting year for employee volunteer efforts in 2023, with nearly 53,000 hours volunteered in October alone.

What is the ticker symbol for Northern Trust?

The ticker symbol for Northern Trust is NTRS.