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The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “more than philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation.
The Citi Foundation is focused on programs that help young people to link education goals with leadership skills training, professional networks, and on-ramps to employment to increase the number of low-income youth, ages 16 to 25, who are able to get a job or start an income-generating business. The programs and initiatives in this focus area make up our approach called Pathways to Progress.
The Citi Foundation supports efforts to develop a more inclusive financial system that provides greater access to financial products, services and capital to low-income communities and individuals, as well as individuals with disabilities. Access to capital and financial products empowers adults and young people to build financial assets, enables entrepreneurs to grow or launch businesses that create jobs, and helps community-based organizations to strengthen and transform communities. Unique about our efforts is recognition that access to capital and products alone is not enough. Financial capability, the ability to establish financial plans and develop strategies for preserving a strong financial position during times of both economic prosperity and instability, is critical to the economic success of individuals and communities.
Increases in financial products and capital to support financial inclusion and the growth of businesses that provide new income generation and/or employment opportunities for low-income individuals Increases in the number of low-income adults or youth who adopt positive financial behaviours and accumulate and preserve financial assets
Province | Community Partner | Area | Grant Amount (USD) |
---|---|---|---|
Ontario | Children’s Aid Foundation | Youth Economic Opportunities | $50,000 |
Ontario | Youth Employment Services Canada | Youth Economic Opportunities | $25,000 |
Ontario | Rise Asset Development | Financial Inclusion | $80,000 |
Ontario | ACCESS Community Capital Fund | Financial Inclusion | $25,000 |
Quebec | Fondation du maire | Financial Inclusion | $35,000 |
Ontario | Pathways to Education | Youth Economic Opportunities | $35,000 |
TOTAL (USD) | $250,000 |