- BMO's employee giving campaign ranks number one globally by
United Way Worldwide
TORONTO, Dec. 18,
2023 /CNW/ - BMO today announced that 88 per cent of
its employees have donated $31
million to the United Way and thousands of other
community organizations across North
America, exceeding the bank's industry-leading Employee
Giving campaign by $3 million.
"BMO's commitment to giving is guided by our Purpose, to Boldly
Grow the Good in business and life, for our clients,
colleagues and the communities we serve," said Darryl White, Chief Executive Officer, BMO
Financial Group. "This year Team BMO's world-class campaign will
help countless people at a time when they need it most and help us
all make progress for a thriving economy, a sustainable future and
an inclusive society."
Over the past five years, BMO employees donated more than
$130 million to charities across
North America. These donations
help address the disproportionate impacts felt more acutely by the
most vulnerable in our society, and help drive progress in a year
that saw higher costs for basic life essentials.
"We're so pleased to continue working with BMO and its employees
who continue to be among United Way's strongest champions," said
Daniele Zanotti, President &
CEO, United Way Greater Toronto. "BMO's industry-leading campaign
ranks number one globally in employee giving and participation by
United Way Worldwide. That means more impact, more donations, more
opportunity to make a difference for our community, and now more
than ever we celebrate this partnership."
BMO has a proud 206-year legacy of community building across
North America, and BMO's strategic
partnership with United Way reflects its commitment to
organizations that support critical services when communities need
it most. BMO and United Way Greater Toronto work to bring
inclusive, local, economic opportunities to a marginalized area of
the city and was recognized by the United Nations for its
innovative approach. Similarly, BMO's support of the Neighbourhood
Network with United Way of Metro Chicago has expanded to bring
economic prosperity to 17 communities in Chicago's south suburbs. This involvement
continues with BMO's support for United Way New York, Centraide in
Montreal and continues in its
expanded U.S. footprint with BMO's latest announcement to support
household financial stability in California through United Way Bay Area's
best-in-class SparkPoint network.
BMO partners with United Way to convene against critical issues,
driving sustainable and meaningful change, and driving progress in
our communities. The breadth of the partnership last year spanned
$13 million in employee giving,
approximately $7 million in corporate
donations, and volunteerism at the community and Board level.
For more information on BMO's corporate social responsibility,
please visit: https://our-impact.bmo.com/
BMO's Partnership with United Way
BMO is a long-time
partner of United Way in its mission to support agencies that build
and directly serve neighbourhoods throughout North America. With its unique capability to
identify needs and support wide-reaching front-line programs,
United Way is reducing economic disparities and joins BMO in
driving real progress in the communities we serve.
BMO Gives. Good grows here.
Helping communities thrive
by supporting the organizations that sustain them and encouraging
employee giving and volunteerism is at the heart of BMO's Purpose,
to Boldly Grow the Good in business and life. In 2022, our social
impact included more than $69 million
donated to hundreds of charities and non-profit organizations
across North America to help drive
progress by enabling individuals to thrive and communities to
prosper. Our colleagues spent almost 50,000 hours volunteering in
the community and contributed more than $26
million of donations through our annual employee giving
program. For more information, please visit BMO.com.
About BMO Financial Group
BMO Financial Group is the
eighth largest bank in North
America by assets, with total assets of $1.3 trillion as of October 31, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
society.
SOURCE BMO Financial Group