HOUSTON--(BUSINESS WIRE)--Macquarie Group Foundation, the philanthropic arm of Macquarie Group, today announced a $100,000 donation to the American Red Cross to aid in immediate relief efforts for Hurricane Harvey. Hurricane Harvey was responsible for producing life-threatening flooding for both coastal and inland cities in Texas, which is now declared a federal state of disaster.
"Hurricane Harvey was a devastating storm that forced the city of Houston and our community into extreme circumstances,” said Nicholas O’Kane, head of Macquarie’s Houston office. “The response, dedication and incredible sense of duty displayed by local staff and our people around the world, have been nothing short of exceptional. We are incredibly proud of this staff-led fundraising effort for the American Red Cross and will continue to work closely with local community organizations to aid with relief efforts.”
In addition to the $100,000 raised by employees for the American Red Cross, Houston employees are actively volunteering time at the NRG Center, which serves as a shelter for more than 2,000 displaced victims. Staff continue to partner with a number of local nonprofits to assist homeowners in mucking out debris caused by the storm, as well as collaborating with a food banks to sort, pack and distribute donated food items.
Macquarie remains committed to relief and long-term recovery efforts for Houston and the surrounding communities, with several volunteer events planned in the coming weeks.
About Macquarie Group
Macquarie is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,597 people and has assets under management of more than $367 billion (as of March 31, 2017).
About Macquarie Group Foundation
Macquarie Group Foundation supports community organizations through financial support, volunteering and skills sharing, predominantly in the communities in which Macquarie employees live and work. In the year to 31 March 2017, Macquarie Group Foundation, together with Macquarie Group staff efforts, contributed approximately $A30 million and 50,000 volunteer and pro bono hours to over 1,500 community organizations around the world. Since the Foundation was established in 1985, it and Macquarie staff have contributed close to $A300 million globally.