Major Banks Unite to Support Veterans and Military Families

Strategic Insights -

Financial institutions such as Bank of America, Citi, Credit Suisse, Deutsche Bank, and Goldman Sachs have collectively presented checks totaling nearly $600,000 to several nonprofit organizations that provide support to veterans and military families across the United States. This initiative, part of Veterans on Wall Street (VOWS), aims to honor former military personnel and current National Guard and Reserve employees by facilitating career and business opportunities in the financial services industry. The consortium of banks gathered at Citi Pond in Bryant Park, New York, during Citi's Military Appreciation Day, alongside veterans' service organizations and Major League Baseball Hall of Famer Tom Seaver.

Key Takeaways:

  • The five founding member banks of Veterans on Wall Street (VOWS) have collectively presented checks totaling nearly $600,000 to nonprofit organizations that serve veterans and military families across the United States.
  • The recipients of these funds include American Corporate Partners, the Bob Woodruff Foundation, The Gift of Laughter, Wall Street Warfighters, the Wounded Warrior Project, the Jericho Project, the National Chamber Foundation's "Hiring Our Heroes" program, the Intrepid Museum Foundation, the Intrepid Relief Fund (Operation Mend), and Reserve Aid.
  • This initiative, VOWS, is dedicated to honoring former military personnel and employees currently in the National Guard and Reserve by facilitating career and business opportunities in the financial services industry.
  • The partnership aims to bring together the financial services industry to support veterans and their families, with a focus on career and business opportunities.
  • VOWS held its first annual conference on June 23 at the Intrepid Sea, Air and Space Museum in New York City, which included a hiring fair and a star-studded gala fundraising event.
  • The event also showcased the financial services industry as a veteran-friendly employer, highlighting the value of veterans in the workforce.

Statistics:

  • Total funds presented by the five founding banks of VOWS: nearly $600,000
  • Number of nonprofit organizations receiving funds: 9
  • Names of the founding member banks: Bank of America, Citi, Credit Suisse, Deutsche Bank, and Goldman Sachs
  • Date of the VOWS conference: June 23
  • Location of the VOWS conference: Intrepid Sea, Air and Space Museum in New York City

Sources:

  • Business Wire: "Major Banks Gather at Citi Pond at Bryant Park to Recognize Nonprofits that Assist Returning U.S. Service Members and Military Families"
  • Veterans on Wall Street (VOWS) website: www.veteransonwallstreet.com
  • U.S. Chamber of Commerce: "Hiring Our Heroes" initiative