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Citigroup leads in donations to organizations with links.
Byline: Andrew Countryman
Mar. 26--When the Citigroup Foundation gives, it often gives big.
In 2003, among the more than $55 million paid out, the foundation had more than 100 grants of $100,000 or more, with two dozen totaling $250,000 or more, according to its federal tax filing.
The foundation's largest single grant that year, $1.15 million, went to the National Academy Foundation for general operating support. Citigroup director George David, the chief executive at United Technologies Corp., is a board member of the National Academy Foundation, which works with high schools and business to develop career-themed academies.
Citigroup considers David to be an independent director. Its governance guidelines say that when determining independence, its board of directors gives "special consideration" to grants that exceed the greater of $250,000 or 10 percent of a group's consolidated gross revenue.
According to National Academy Foundation…
- Citigroup and the National Academy Foundation Announce Names of 20 Citigroup...
- Press release article from: Business Wire May 23, 2001 700+ words
...May 23, 2001 Citigroup and the National Academy Foundation (NAF) have announced...to the scholarship program, the Citigroup Foundation gave NAF grants totaling $2 million...Smith Barney, and Travelers. The Citigroup Foundation focuses its grants primarily on...
- Citigroup Becomes Global Signature Sponsor of Junior Achievement's Banks in...
- Press release article from: Business Wire June 20, 2005 700+ words
...announced today that the Citigroup Foundation has awarded a grant...of Citigroup and the Citigroup Foundation's 10 year, $200...education. In 2004, the Citigroup Foundation awarded more than...
- New Teachers Get a Boost from Teachers Network Program Funded by the Citigroup...
- Press release article from: Business Wire November 18, 2005 700+ words
...Daria Sheehan, Vice President, Citigroup Foundation; Hector Ramirez, Vice President...Washington Street, Newark, NJ The Citigroup Foundation has announced that it has awarded...participating in this program, the Citigroup Foundation is hosting a reception on Monday...
- Citigroup Foundation Awards $500,000 to Expand ``Banking on Our Future''...
- Press release article from: Business Wire February 17, 2005 700+ words
...by a $500,000 grant from the Citigroup Foundation. In April 2004, Citigroup and...of a $250,000 grant from the Citigroup Foundation, the program reached almost 2...commitment of Citigroup and the Citigroup Foundation, today, we are announcing a national...
- Citigroup and The Delaware Financial Literacy Institute Expand State-wide...
- Press release article from: Business Wire September 27, 2005 700+ words
...subsidiaries in Delaware, and the Citigroup Foundation. Today, John Kohari, Chairman...Delaware, announced a grant from the Citigroup Foundation, in the amount of $220,000...present a $220,000 grant from the Citigroup Foundation to expand the program," said John...
- The Citigroup Foundation Awards $250,000 to the Aspen Institute Launching the...
- News wire article from: The America's Intelligence Wire December 19, 2006 700+ words
...PRNewswire-USNewswire/ -- The Citigroup Foundation and the Aspen Institute are proud...internship program funded by the Citigroup Foundation. "At Citigroup, we are committed...Alan Okada, Interim President of Citigroup Foundation. "This grant provides a unique...
- Habitat for Humanity Receives $2 Million Grant from the Citigroup Foundation to...
- Press release article from: Business Wire June 23, 2006 700+ words
...with a $2 million grant from the Citigroup Foundation to support Habitat's 2006 Jimmy...units. "We are pleased that the Citigroup Foundation has made this significant grant...brings the total grants that the Citigroup Foundation has made to HFHI to more than...
- ACCION International and Citigroup Foundation Launch 2006 Microentrepreneurship...
- Press release article from: PR Newswire September 11, 2006 700+ words
...pioneer ACCION International has joined Citigroup Foundation to honor hundreds of microentrepreneurs...http://www.accion.org/. About Citigroup Foundation The Citigroup Foundation supports organizations that help people...
- Citigroup Foundation Awards Grants to Detroit Schools; Check for $6,000 to be...
- Press release article from: Business Wire July 23, 2002 700+ words
...educate the next generation, the Citigroup Foundation has awarded $9,000 in grants...Patricia Byrne, vice president at the Citigroup Foundation. "We are thrilled to offer grants...Banamex, and Travelers. The Citigroup Foundation focuses its grants primarily in...
- Citigroup Foundation Presents $2 Million Grant to Habitat for Humanity to Help...
- Press release article from: Business Wire June 22, 2005 700+ words
...presented a $2 million grant from the Citigroup Foundation to Habitat for Humanity International...is the sixth major grant that the Citigroup Foundation has made to HFHI targeted for the...total to $9 million. In 2000, the Citigroup Foundation made its first major grant to launch...
Source: HighBeam Research, Citigroup leads in donations to organizations with links.
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