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Philanthropy

Donations to community initiatives with the intention of giving back for the greater common good.

    POSTED 

    07-02-01

    $2 Million in Grants Empower Children and Families Locally and Nationally

    The Freddie Mac Foundation awarded grants totaling nearly $2 million, supporting innovative programs that strengthen communities by strengthening families. During the second quarter, Freddie Mac Foundation continued to target most of its efforts in the Washington D.C. metrop...

    POSTED 

    06-27-01

    Cooper Industries Announces Grants for Vocational Education

    Cooper Industries has chosen 21 schools throughout the United States and Mexico to receive grants of $10,000 each. Through the Company's innovative Project Pace Education Awards, these schools were nominated by Cooper's local management teams to begin grant-driven partnershi...

    Wainwright Bank Lends $2.5 Million to Somerville Housing Group Trust Image

    POSTED 

    06-26-01

    Wainwright Bank Lends $2.5 Million to Somerville Housing Group Trust

    Wainwright Bank has provided $2.5 million in financing to the Somerville Housing Group Trust to develop the first phase of Union Place, a two acre mixed use development within walking distance of Union Square, Somerville. Groundbreaking for the first phase at 411-429 Norfolk...

    POSTED 

    06-22-01

    Verizon International Foundation Establishes Scholarship Program at the University of Puerto Rico at Mayagüez

    To help support the development of technical professionals in Puerto Rico, Verizon International Foundation has established a scholarship program for computer engineering students at the University of Puerto Rico at Mayagüez (UPRM).

    Ini...

    POSTED 

    06-18-01

    Anti-Predatory Lending Campaign to Help Oakland Families Safely Buy and Keep Homes

    U.S. Representative Barbara Lee (D-CA), Oakland Mayor Jerry Brown, Freddie Mac, and several local organizations today announced that they are bringing the award-winning “Don’t Borrow Trouble” anti-predatory lending campaign to Oakland to help more families learn about and pr...

    Volunteers From San Francisco-Based PMI to Build Habitat for Humanity Home On the Rosebud Reservation Image

    POSTED 

    06-15-01

    Volunteers From San Francisco-Based PMI to Build Habitat for Humanity Home On the Rosebud Reservation

    A Lakota Sioux family living in what they describe as "low rent housing" will be the recipient -- and owners -- of a brand new house to be built in one week, as part of a volunteer effort sponsored by a local Habitat for Humanity affiliate and The PMI Group, Inc.

    POSTED 

    06-14-01

    Continental Airlines Donation Assists Victims of Houston Flood

    Continental Airlines (NYSE: CAL) announced today it is donating $250,000 to the United Way of the Texas Gulf Coast. The donation will go to non-profit agencies primarily engaged in assisting flood recovery efforts. Torrential rains in Continental’s hometown of Houston last w...

    POSTED 

    06-14-01

    U.S. Representatives Ken Bentsen and Sheila Jackson Lee Commend Fannie Mae for Mortgage Relief for Flood Victims in Houston and Surrounding Areas

    Fannie Mae (FNM/NYSE), the nation’s largest source of financing for home mortgages, has mortgage relief provisions in place for Houston area borrowers facing hardships as a result of widespread damage caused by the recent flood.

    Fannie Ma...

    POSTED 

    06-14-01

    American Airlines Supports Earthshare Environmental Programs Worldwide

    American Airlines and Earth Share have partnered to provide American’s more than 115,000 employees with the opportunity to pledge a small amount of each paycheck to help groups focused on environmental preservation. Through these donations, Earth Share provides funding to me...

    Bank of America On Track to Meet Historic Goal in Community Development Image

    POSTED 

    06-07-01

    Bank of America On Track to Meet Historic Goal in Community Development

    Communities across America were richer by 11,770 units of affordable housing at the end of 2000, thanks to community development lending by Bank of America.

    The bank's investment in affordable housing is part of its unprecedented 10-year...

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