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Citigroup Inc. (NYSE: C)
December 14, 2007
Citi Cards Presents $20,000 from the Citigroup Foundation to 3 Community Organizations
Meridian, ID – On behalf of the Citigroup Foundation, Tod Wingfield, Citi Cards Site President, presented checks totaling $20,000 to three community organizations. “In addition to the substantial volunteer hours our employees share with non-profit organizations each year, we are proud to support this community with funds that go directly to helping those who need it the most. This is the second year the Citigroup Foundation has awarded money to Idaho non-profit organizations. Last year we made one award and this year, because of increased funding from the Foundation, we are pleased to be making three awards”. Meridian Mayor Tammy de Weerd and more than 150 Citi employees attended the presentation.
A $10,000 grant was presented to Boise Valley Habitat for Humanity for work on the 2009 Cribbens Street build. Executive Director, Ken Nichols, accepted the check and said, “This donation is a great example of Citi Cards partnership with the community. Their help is instrumental in allowing us to complete this home on schedule for the benefiting family.” This grant also supports the Meridian School District’s high school vocational education program. As part of the curriculum, students work daily on the Cribbens Street project and have an opportunity to learn all aspects of the home building process.
A $5,000 grant was awarded to the Meridian Boys and Girls Club for their Fine Arts Program. Colleen Baga, Chief Professional Officer from Boys and Girls Clubs of Ada County, remarked, “This $5,000 grant will provide an opportunity for kids from the ages of 6 to 18 to explore a broad range of art history and education. We appreciate Citi Cards support of the youth in our valley.” The Fine Arts Program will encourage club members to develop new skills and talents, express themselves and expand their individual creativity through work with clay, paints, chalk, metals, ceramics and much more.
The Citigroup Foundation also awarded United Cerebral Palsy of Idaho a $5,000 grant for their Early Intervention Program. This program assists preschool children with disabilities and helps prepare them for school and overcoming physical and learning limitations. Lynn Cundick, Executive Director, accepted the check.
Citi Cards, the largest provider of credit cards in North America, employs more than 1,400 people at their call center in Meridian. The facility is one of more than 30 Citi facilities in North America that service nearly 120 million credit card customer accounts.
Citigroup has long been committed to making the worldwide communities in which it operates better, and at the same time, setting standards for business practices and corporate values that exceed industry norms. The more than 3,075 grants made in 2005 show the range and scope of what the Citigroup Foundation and Citigroup’s employees are doing every day to help create social and economic opportunity—opportunity that will strengthen communities around the world for years to come.
In 2005, giving by the Citigroup Foundation rose to more than $85 million, a 23% increase from 2004. Grants were made in 85 countries and territories, with the Foundation’s international grant making more than doubling from $13.2 million in 2001 to $27.6 million in 2005. In addition to the Foundation’s giving, Citigroup and its subsidiaries gave more than $41 million in 2005. Working with a global network of Citigroup colleagues and nonprofits in the community, the Foundation supports programs in three areas: Financial Education, Educating the Next Generation, and Building Communities and Entrepreneurs. Within these areas, the Foundation provides grants and technical expertise to organizations that help people improve their lives, businesses grow, and communities prosper.
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Citibank
Citibank is a member of Citigroup. Citigroup, 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. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com