Citi Presents $2 Million Citi Foundation Grant to Habitat for Humanity
Employee volunteers and grant will support the 2007 Jimmy Carter Work Project in Los Angeles to build and repair 100 homes with families in need
New York (Sept. 27, 2007) – Citi today presented Habitat for Humanity International (HFHI) with a $2 million grant from the Citi Foundation. The grant supports a number of community activities in the United States, including the 2007 Jimmy Carter Work Project (JCWP). Since 1984, former President Jimmy Carter and former First Lady Rosalynn Carter donate a week of their time to help build Habitat for Humanity (HFH) homes and raise awareness of the critical need for affordable housing. The JCWP focuses on providing quality, affordable housing to families in need. This year, the JCWP will be held from Oct. 28 to Nov. 2 in Los Angeles, Calif.
Citi Presents $2 Million Citi Foundation Grant to Habitat for Humanity International. Pictured are Eric Eve, Citi's senior vice president, community relations, Global Consumer Group; Kevin Kessinger, Citi's chief operations & technology officer; and Jonathan Reckford, chief executive officer of Habitat for Humanity International.
Kevin Kessinger, Citi’s chief operations and technology officer, presented the grant to Jonathan Reckford, CEO of HFHI, at a recent event in New York City. Kessinger, who is also a member of the HFHI’s board of directors, will volunteer with other Citi leaders and employees at the JCWP for the second year in a row. Citi’s employee volunteers will come from eight countries, including the United States, and from across the company’s business units.
“Citi has a long-term relationship with Habitat, as their mission to providing affordable housing ties in so neatly with our commitment to creating opportunities for home ownership,” said Kessinger. “Our employees have always given of themselves as well, so generously, in volunteering for builds around the world, making a difference in the community because they are there.”
The Citi Foundation has given HFHI more than $22 million since 2000. Citi and the Citi Foundation have donated additional funds to support HFHI affiliates in communities around the world. In addition, through the “Citi Builds Communities” program launched in the United States in 2000, more than 22,000 Citi employees have volunteered 230,000 hours to help to build more than 230 homes in 40 locations across the country.
“Citi has been a long-standing partner with Habitat for Humanity and has demonstrated strong corporate citizenship by supporting not only a number of Jimmy Carter Work Projects, but many other Habitat efforts around the world,” said Reckford. “We’re so grateful for the friendship they continue to show, and we always welcome the opportunity to work with Citi in the communities where they live and operate.”
Citi also is one of the largest investors in HFHI’s nonprofit mortgage program for Habitat partner families.
Citi has participated in previous Jimmy Carter Work Projects in India; Mexico, Detroit, Mich.; New York, N.Y.; and Valdosta, Ga.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. The Citi Foundation supports organizations that help people improve their lives, businesses to grow and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation and building communities and entrepreneurs. Additional information may be found at http://www.citigroup.com or www.citi.com.
About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built more than 225,000 houses worldwide, providing simple, decent and affordable shelter for more than 1 million people. For more information, visit www.habitat.org