Intuit Donates $2 Million to Local Food Banks to Assist U.S. Federal Workers
January 23 2019 - 4:39PM
Business Wire
Intuit Inc. (Nasdaq: INTU), makers of TurboTax(R),
QuickBooks(R) and Mint(R), today announced it will donate $2
million to food banks in Alaska, Hawaii, Maryland, New Mexico,
Virginia, Washington D.C. and West Virginia. These donations are
focused on the regions that are most impacted by the government
closure, supporting federal workers and the communities where they
live and work.
Over 800,000 federal employees, along with countless contractors
and small business owners living in these communities, are
financially impacted by the closure. Most federal workers have
missed at least one paycheck already, with another missed payday
quickly approaching. That can make putting food on the table, in
addition to paying for rent, utilities, credit card bills,
healthcare and other expenses, a challenge.
“We’re committed to powering prosperity around the world,
especially in communities that need it most,” said Sasan Goodarzi,
chief executive officer at Intuit. “Across the U.S. there are
communities experiencing a big financial impact from workers
missing multiple paychecks. Food banks are essential to putting
food on the table for many of these workers during this time of
need,” said Goodarzi.
In Washington D.C., Intuit is donating to Capital Area Food
Bank, which cited a 20 percent increase in calls from federal
employees and federally contracted workers who need assistance with
food for the first time. In other regions of the U.S., Intuit has
selected food banks that are located in areas with a high
concentration of federal employees, and expressed a need for
support, including:
- Alaska: Food Bank of Alaska
- Hawaii: Hawaii Food Bank
- Maryland: Maryland Food Bank
- New Mexico: Roadrunner Food Bank
- Virginia: Foodbank of Southeastern
Virginia (Norfolk area)
- West Virginia: Mountaineer Food Bank,
Facing Hunger Food Bank
Through Intuit’s We Care and Give Back program, the company will
also be doubling its match of employee donations to pre-selected,
high-impact food banks in cities where Intuit operates. Employees
may request donation matches up to $5,000 per fiscal year and are
encouraged to use their fully-paid volunteer hours to give back to
local food banks that are experiencing higher demand.
In addition, QuickBooks Capital customers who are affected by
the government shutdown are eligible to defer payments without
accruing interest until the government fully reopens. These
customers are encouraged to contact the QuickBooks Capital support
team at 1-844-848-0430 or visit QuickBooks Capital for
assistance.
This donation is part of the company’s Corporate Responsibility
strategy that builds upon the collective strengths of its people,
products and partners as a good corporate citizen to power
prosperity in communities around the world. Each year Intuit
employees volunteer over 36,000 hours and donate over $4.9 million
to charitable organizations, including Intuit’s match. In 2018, the
company made $6.7 million in philanthropic donations and $68
million in product donations.
About Intuit
Intuit’s mission is to Power Prosperity Around
the World. Our global products and platforms, including
TurboTax, QuickBooks, Mint and Turbo, are designed
to empower consumers, self-employed and small
businesses to improve their financial lives, finding them more
money with the least amount of work, while giving them complete
confidence in their actions and decisions. Our innovative
ecosystem of financial management solutions
serves approximately 50 million customers worldwide,
unleashing the power of many for the prosperity of one. Please
visit us for the latest news and in-depth information about
Intuit and its brands and find us on social.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190123005828/en/
Sarah Hilmersarah_hilmer@intuit.com650-944-5474
Intuit (NASDAQ:INTU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Intuit (NASDAQ:INTU)
Historical Stock Chart
From Sep 2023 to Sep 2024