On April 14, CAPTRUST CEO Fielding Miller challenged the firm to come together to raise $100,000 to fuel the CAPTRUST Community Foundation’s (CCF’s) ability to provide emergency funding to nonprofits that are on the front lines of the COVID-19 fight.
One hundred seventy-five of the firm’s employees have answered the call, raising more than $137,000 in just a few short weeks.
To date, more than $95,000 of the money raised has been distributed to 50 nonprofits in the form of emergency crisis grants and other small grants, all ranging in size from $1,000 to $5,000. The grants benefit organizations with a range of goals, from programs feeding students who are no longer receiving meals at school to groups distributing personal protective equipment (PPE) and teams providing childcare to the families of first responders.
A few examples of organizations that have received grants in recent weeks include:
- Tammy Lynn Center (TLC) | Raleigh, North Carolina
- Founded in 1969, TLC’s mission is to empower individuals of all abilities to live their fullest life. Today, TLC serves more than 500 children, adults and families each year through their education, early intervention, residential, and therapy support services. The funds from CAPTRUST directly benefited the preschool and K-12 school that the organization operates.
- Operation Pac-Man | Los Angeles, California
- Launched in April 2020 by CEO of MGA Entertainment Isaac Larian, this initiative is pooling resources to get hospitals and healthcare workers around the world stocked with masks and other PPE supplies that are needed to protect workers. CAPTRUST’s support went directly toward purchasing PPE.
- Snack Pak 4 Kids | San Antonio, Texas
- Snack Pak 4 Kids provides recurring weekend food supplements to more than 10,000 children in 51 school districts across Texas. CAPTRUST’s donation directly benefitted students in the San Antonio area, as the COVID-19 crisis more than doubled the number of children needing weekend nutritional resources in Bexar County.
In addition to monetary donations, CAPTRUST employees have volunteered for hundreds of hours within their local communities. Their efforts include hosting food drives for local food pantries, providing meals to doctors and nurses, and buying gift cards for grocery store workers who continue to make food shopping possible. While the initial challenge goal has been exceeded, the CCF will continue to raise funds throughout this crisis and encourage employees to give back however possible.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with more than 650 employees nationwide and $390 billion in client assets. An employee-owned firm, CAPTRUST provides investment advisory services to retirement plan fiduciaries, endowments, and foundations, and comprehensive wealth planning services to executives and high-net-worth individuals. CAPTRUST’s mission is to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation. The firm also operates the CAPTRUST Community Foundation, a charity focused on meeting the needs of underserved children.