- Virtual celebrations held by RBC Capital Markets
employees in Canada, the U.S., the
U.K., Europe, Japan, Hong
Kong, Australia,
Barbados and Bahamas
- Donated US $4 million to
45+ charities worldwide
- 19 U.S. based charities: Autism Society of
Texas; Big Brothers Big Sisters of
the Bay Area; Biotech Partners; Boys & Girls Clubs of
Chicago; Boys & Girls Clubs of
Hudson County; Capital for Kids; Children of Fallen Patriots;
Christopher House; Comer Children's
Hospital; Cookies for Kids' Cancer; Franciscan Children's Hospital;
Jersey City Medical Center Foundation; Memorial Sloan Kettering;
New York Presbyterian Hospital; Ronald McDonald House Charities
Upper Midwest; Ronald McDonald House New York; Summer Search; Turn 2 Foundation; Youth
INC.
NEW YORK, June 10, 2020 /PRNewswire/ - RBC Capital
Markets hosted its annual RBC Trade for the Kids @Home,
donating US $4 million to more than
45 youth-focused charities around the globe and bringing a day of
philanthropy and volunteerism celebrations directly to employees'
homes.
The COVID-19 pandemic has put a significant strain on charities
globally with many experiencing funding shortfalls. Now more than
ever, it is important to come together and lend a hand to those
supporting our communities. As such, RBC has already donated over
US $6 million to charities related to
COVID-19, including those focused on youth mental health and
well-being, and food security. Moreover, to help fight systemic
anti-Black racism and to provide support directly to Black
communities, RBC has committed CAD $1.5
million to support Black youth, the economic development of
Black communities, and social and racial justice reform.
To date, RBC Trade for the Kids has donated more than US
$11 million to youth-focused charity partners around
the world since starting the global event in 2015. This year's
RBC Trade for the Kids @Home global charity day was held
through a series of creative videos shared with employees in
Canada, the U.S., the U.K.,
Europe, Japan, Hong
Kong, Australia,
Barbados and Bahamas, celebrating RBC's culture of giving
and philanthropy.
In the United States, where RBC
Trade for the Kids celebrated its sixth year, former patients,
families and staff from 19 of the nation's leading youth charities
(see full list of charities here) also joined in on the day's
excitement by sharing their heart-warming, surprise webcam
reactions towards the reveal of the RBC Trade for the Kids'
donation announcements with RBC staff globally.
"During times of need, RBC recognizes that charities and
non-profit organizations are particularly vulnerable," said
Mike Bowick, Head of Global Markets
and President, RBC Capital Markets. "As one of the largest banks
globally, it's very important for RBC to demonstrate our unwavering
commitment to helping our communities heal and grow stronger.
Through RBC Trade for the Kids, our employees and clients
have the opportunity to directly engage with our charity partners,
and learn of their involvement in our communities and how they can
help make a difference. We are thankful for the invaluable work and
immeasurable efforts our charity partners continue to put in,
especially during this pandemic, and are also thankful to our
employees and clients for their tremendous ongoing support."
In 2019, RBC donated C$130 million
to over 5,000 charitable organizations globally.
For more on RBC Trade for the Kids and the benefitting
charities, click here.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 84,000+ employees who bring
our vision, values and strategy to life so we can help our clients
thrive and communities prosper. As Canada's biggest bank, and one of the largest
in the world based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn
more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About RBC Capital Markets
RBC Capital Markets is
recognized by the most significant corporations, institutional
investors, asset managers, private equity firms, and governments
around the globe as an innovative, trusted partner with an in-depth
expertise in capital markets, banking, and finance. We are
well-established in the largest, most mature capital markets with
over 7,300 employees across North
America, Europe, and the
Asia-Pacific region in 70 offices
and 15 countries, collectively encompassing more than 80% of global
investment banking activity each year.
About RBC Trade for the Kids around the
world
Originally launched in the U.S. in 2015, RBC Trade
for the Kids is a day focused on raising money and awareness of
some of RBC's longstanding charitable partnerships aimed at
supporting children and young people. In 2020, RBC Trade for the
Kids was held for the third time globally across North America, Europe, Asia
Pacific and the Caribbean,
donating to over 45 charities.
To date, Trade for the Kids has seen over US $11 million in total donations.
For more on RBC Trade for the Kids and the benefitting
charities, click here.
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SOURCE RBC