NEW YORK – 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 Americans this year, including economic disruptions caused by the COVID-19 pandemic, and the wildfires on the Pacific coast.
The bank announced:
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.
Media enquiries to:
Rob Sherman | (646) 939-6998 | firstname.lastname@example.org
US Head of Media Relations
Note to editors:
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.