Northern Trust donated nearly $14 million in corporate contributions last year, and employees reported volunteering approximately 120,000 hours in support of not-for-profit organizations around the world. The corporation invested 1.3 percent of annual pre-tax profits into the communities in which its employees work and live, which places Northern Trust among the top financial institutions and exceeds most Fortune 500 companies, according to Giving in Numbers: 2013 Edition by CECP, in association with The Conference Board.
Northern Trust's approach to community involvement is holistic and takes into account a range of community needs. The Northern Trust Charitable Trust made $4.6 million in grants in 2013, with more than a quarter of that directed toward general operating support, a scarce resource in today's giving environment. Another 45 percent was allocated to capital and endowment campaigns, allowing organizations to build their capacity and community impact. Northern Trust also provided sponsorship support, in-kind donations, skills-based volunteering, board leadership, disaster relief and employee matching gifts.
"As Northern Trust approaches its 125th anniversary this year, we are proud to uphold the same culture of caring that our founders established so many years ago," Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. "Our approach to supporting the community is much like our approach to serving clients. We know success lies in building strong relationships that offer a scope of resources and expertise - financial, intellectual and otherwise."
The company's corporate giving and community involvement programs emphasize the value of creating innovative and lasting partnerships in achieving common goals. Examples of new partnerships and programs established in 2013 include:
To learn more about corporate social responsibility at Northern Trust, please visit www.northerntrust.com/csr.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures
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