HSBC USA Observes #GivingTuesday with $400,000 In New Contributions to Feeding America, American Red Cross & to Address Evict...
December 01 2020 - 6:00AM
Business Wire
$4.4 million given in 2020 to address COVID
crisis
HSBC offers credit card customers giving
opportunities through donation of Rewards points
HSBC Bank USA kicks off the year-end giving season with
announcements on Giving Tuesday of increased contributions to
organizations providing humanitarian relief from a number of crises
impacting American this year, including economic disruptions caused
by the COVID-19 pandemic, and the wildfires on the Pacific
coast.
The bank announced:
- $100,000 donation to the American Red Cross for its programs
assisting people impacted by wildfires in California, Oregon and
Washington;
- An additional $50,000 to Feeding America to support efforts to
inspire other people to contribute to the organization’s food banks
during this period of increasing food insecurity. Earlier this
year, HSBC USA made a $2 million donation to help stock Feeding
America food banks nationwide;
- A $250,000 grant to a rental resilience fund to address the
urgent crisis of low-income families being evicted from rental
properties.
In 2020, HSBC USA has contributed a total of $4.4 million for
social services and community economic development, including
$800,000 in grants to select Community Development Financial
Institutions (CDFI) to support minority, women and immigrant-owned
small businesses and promote economic revitalization. Other grants
included employee-driven volunteer partnerships that addressed the
unique challenges of 2020 including to Special Olympics to help
train special needs athletes virtually, and GlamourGals to help
prevent social isolation among seniors.
Also, HSBC USA provided $10M in funding to support the New York
Forward Loan Fund to make affordable, flexible capital available to
participating CDFIs so they can make rapid recovery loans to small
businesses, nonprofits and small landlords in hard-hit
communities
“Every year, #GivingTuesday provides everyone a reminder that
there are people and communities across the country in need, and
that we can each make a positive impact through charitable giving,”
said Kelly W. Fisher, head of Corporate Sustainability for HSBC
Bank USA. “Given the extreme challenges of 2020, we hope that
everyone who is able to help joins us in this time of giving.”
HSBC USA credit card holders are able to offer support to
Feeding America, American Red Cross, Special Olympics, GlamourGals
and more than 1,000 other charities, by redeeming HSBC Rewards
points for CharityChoice Gift Cards and designating the amount of
gifts to up to three charities.
Note to editors:
About HSBC
HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves
customers through retail banking and wealth management, commercial
banking, private banking, and global banking and markets segments.
It operates bank branches in: California; Washington, D.C.;
Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia;
and Washington. HSBC Bank USA, N.A. is the principal subsidiary of
HSBC USA Inc., a wholly-owned subsidiary of HSBC North America
Holdings Inc. HSBC Bank USA, N.A. is a Member of FDIC. Investment
and brokerage services are provided through HSBC Securities (USA)
Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided
through HSBC Insurance Agency (USA) Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20201201005261/en/
Media enquiries to: Rob Sherman (646) 939-6998
robert.a.sherman@us.hsbc.com US Head of Media Relations HSBC
USA
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