Sanjiv Sawhney, Global Head of Custody and Fund Services at Citi, and Robert McKillop, Global Head of Product and Client Solutions at Standard Life Aberdeen, discuss what the future may hold for active managers.

What Does Active Management’s Future Hold

New York – The Citi Foundation today announced the 12 nonprofit organizations selected as the recipients of the $50 million Community Finance Innovation Fund. Building on Citi and the Citi Foundation's long history of promoting financial inclusion, these grants will help bolster the work of these specialized organizations that have been an economic lifeline for communities across the U.S. hardest hit by the economic impact of the pandemic. 

Citi Foundation Announces Recipients of $50 Million Community Finance Innovation Fund

New York - The Citi Foundation today named 30 Community Development Financial Institutions (CDFIs) that will collectively receive $15 million to support their efforts to provide small businesses with the vital resources needed to sustain their operations and support economically vulnerable households impacted by COVID-19. The CDFIs, which will each receive $500,000 in unrestricted funding, were selected through an open Request for Proposals application process based on their strong track record of serving small businesses owned by people of color and underserved individuals and communities.

Citi Foundation Provides $15 Million in Support to 30 Community Development Financial Institutions Across the U.S.

The Citi Foundation supports efforts that help boost the employability of low-income, vulnerable young people around the world. 

Youth Economic Opportunities

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.

Financial Inclusion

The Citi Foundation supports efforts that break down silos and bring stakeholders together to develop and scale solutions to the most pressing challenges confronting disfranchised communities around the world.

Community Solutions

This year's Global Community Day reminded us of the many reasons why our annual day of service has become such a cherished tradition at our company. In over 400 cities across 90 countries and territories, 120,000 Citi volunteers – colleagues, community partners, family and friends – participated in a wide range of service opportunities that made a real positive impact in their communities.

Making Meaningful Impact Globally With Local Efforts

The word "unprecedented" has been used time and again to describe the last two years and the many ramifications of a once-in-a-generation pandemic. A similar description may also be applied to the once-in-a-generation response to racial disparities that have, for too long, limited social and economic opportunities for low-income and underserved communities in the U.S. But moving the needle on these long-term challenges won't happen without change agents raising awareness of the challenges but also innovative solutions that can break the status quo.

Strengthening Community Leadership Through Trust-Based Funding

English

Citi Foundation: Community Progress Makers: Building Better Cities

Column 1

Column 2

About Us

Programs

Knowledge Center

Apply for Funding

Column 3

Column 4

Column 5

Links

Footer

Citi Foundation

Businesses

Our Impact

News

Insights

Investors

Careers

My Account

Emergency

Disclosures

Privacy Notices

Hidden

Citi Gpa

Catalyzing innovative solutions to address homelessness around the world.

Citi Foundation Announces Recipients of 2024 Global Innovation Challenge

We partner with community organizations across more than 80 countries globally.

We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities.

The Latest from Citi Foundation

FOCUS AREAS

gpa-footer

gpa-menu

Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. Learn more today.

Citi | Global Investment Bank and Financial Services

We partner with community organizations across more than 80 countries globally.

OUR WORK