Guaranteed Rate Donates Over $3 Million to Children in Need Through New Initiative
On November 24, 2020, Guaranteed Rate announced a significant donation of over $3.3 million to Baby2Baby, aimed at supporting children in poverty. The company raised $1.1 million in ten days via employee fundraising, which was matched by the company. The donation will aid more than 150,000 children by providing essential items like diapers, formula, and clothing during the holiday season. Guaranteed Rate's CEO Victor Ciardelli emphasized the company's commitment to social responsibility, citing a doubling of loan volume to $73 billion and tripling its revenue to $3 billion this year.
- Raised over $3.3 million for charity, benefiting 150,000 children.
- Doubling loan volume to $73 billion and tripling revenue to $3 billion.
- None.
CHICAGO, Nov. 24, 2020 /PRNewswire/ -- Guaranteed Rate, one of the largest retail mortgage lenders in the country, today announces that its employee-driven fundraising effort has donated over
Through its new initiative, Guaranteed Love, the company's employees, families and friends raised over
"This is very, very powerful," said Guaranteed Rate President and CEO Victor Ciardelli. "We're seeing so many people in need, with nowhere else to turn. As a company, we are blessed to be in a position to make such a positive difference. We have an amazing group of incredibly generous employees who came together yet again to make a real impact on so many families and children. By working together, we can accomplish amazing things."
With
The amount donated helps provide approximately 4 million diapers, 80,000 cans of formula, 80,000 packs of wipes, 40,000 warm coats, 40,000 blankets, 12,000 pairs of pajamas and 12,000 toys.
"We are so grateful to Guaranteed Rate for selecting Baby2Baby as the nonprofit partner for its Guaranteed Love campaign," shared Baby2Baby Co-CEOs Norah Weinstein and Kelly Sawyer Patricof. "The generosity of their employees coupled with the company's match will allow us to distribute millions of dollars worth of basic essentials to children across the country impacted by the pandemic in their biggest time of need."
In the United States, one in three families struggles to provide necessities, such as diapers, to their children. As demand increases during the COVID-19 crisis, Baby2Baby has donated over 40 million basic essentials to vulnerable children. With strong buying power, Baby2Baby is able to buy these essentials substantially below retail cost, more than doubling the value of the donation.
"Karma is a real thing. I'm a big believer that the more you give, the more it all comes back," said Ciardelli, who has instilled the value of giving back into Guaranteed Rate's culture. "We care so much about this that our #1 core value is that We Grow For Good, so the more we grow, the more good we can do to help people in need. This year, we've doubled loan volume to
Guaranteed Love is one of many initiatives organized by Guaranteed Rate and its 501(c)(3) public charity, the Guaranteed Rate Foundation. As the pandemic impacts families and communities nationwide, Guaranteed Rate is focused on providing more relief than ever by organizing fundraising campaigns to combat hunger and donating more than
About Guaranteed Rate Companies
The Guaranteed Rate Companies, which includes Guaranteed Rate Inc., Guaranteed Rate Affinity, LLC, and Proper Rate, LLC, has more than 8,000 employees in over 700 offices across the U.S. Headquartered in Chicago, Guaranteed Rate Inc. is one of the largest retail mortgage lenders in the United States funding
About the Guaranteed Rate Foundation
The Guaranteed Rate Foundation is a 501(c)(3) public charity that provides hope and relief to those in need through tailored financial support. Founded in 2012, the Guaranteed Rate Foundation has granted more than
About Baby2Baby
Baby2Baby, a non-profit organization led by Co-Presidents Kelly Sawyer Patricof and Norah Weinstein, provides children living in poverty, ages 0-12 years, with diapers, clothing and all the basic necessities that every child deserves. In the last 9 years, Baby2Baby has distributed over 100 million items to children in homeless shelters, domestic violence programs, foster care, hospitals and underserved schools as well as children who have lost everything in the wake of disaster. Every year, Baby2Baby serves hundreds of thousands of children across the country.
View original content to download multimedia:http://www.prnewswire.com/news-releases/guaranteed-rate-donates-over-3-million-to-children-in-need-through-new-initiative-301180168.html
SOURCE Guaranteed Rate Companies
FAQ
What did Guaranteed Rate announce on November 24, 2020?
How much money was raised by Guaranteed Rate employees for Baby2Baby?
How many children will benefit from Guaranteed Rate's donation?
What financial milestones did Guaranteed Rate achieve in 2020?
What is the purpose of Guaranteed Rate's Guaranteed Love initiative?
