Northern Trust (Nasdaq: NTRS) announced today that it awarded approximately $14 million in contributions to nonprofit organizations worldwide in 2011. The majority of funds were directed to social welfare initiatives that provide critical services to low and moderate income families, such as housing, food, education and health care. Additionally, Northern Trust employees contributed approximately 200,000 volunteer hours to nonprofit and non-governmental organizations across the globe.
"Northern Trust is committed to supporting and strengthening our communities through charitable contributions and volunteer programs around the world," Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. "From our corporate contributions to our employee volunteerism, I'm proud we have been able to make a meaningful difference in the lives of people facing myriad challenges in 2011."
Organizations benefiting Northern Trust's 2011 support include:
Philanthropy is a key component of corporate social responsibility at Northern Trust. An integrated, comprehensive and global platform for corporate social responsibility at Northern Trust includes a focus on community affairs, diversity and inclusion, environmental awareness and socially responsible investing.