Synchrony and the Synchrony Foundation pledge $ 5 million to support hunger organizations and communities in the coronavirus response
STAMFORD, Connecticut., March 19, 2020 / PRNewswire / – Today, Synchrony (NYSE: SYF) and the Synchrony Foundation announced a pledge of $ 5 million support anti-hunger organizations and local communities in the aftermath of the coronavirus pandemic.
“In this time of crisis, we must all work together to overcome the challenges,” said Marguerite Keane, CEO of Synchrony and President of the Synchrony Foundation. “Synchrony is committed to serving our employees, partners and customers and supporting communities when they need it most. We are all in the same boat, and by coming together to help protect the country’s most vulnerable and bring empathy to our actions, we will see a better day and a stronger future. ”
The coronavirus has affected vulnerable populations, including an aging population and low-income families. To support families and communities facing hunger, Synchrony will donate $ 1.5 million to be allocated to national organizations fighting against hunger, including Feeding America’s® COVID-19 Response Fund to help food banks across the country support affected communities and Meals on Wheels America to ensure seniors continue to receive the vital lifeline they need.
The company will hire the rest $ 3.5 million to local organizations to meet the long-term needs of hard-hit communities as the epidemic grows.
Synchrony’s philanthropic initiative called Working families, provides grants to nonprofit organizations that are making a difference in the lives of working low- and moderate-income families, by tackling challenges such as economic security, family homelessness, and out-of-home care. school.
Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative banking products for consumers, in key industries such as digital, retail, home, automotive, travel, health and animals. of company. Synchrony allows our partners to increase their sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium businesses, as well as healthcare providers.
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