Capital One was recently named one of the top 50 community-minded firms in America on the Civic 50 survey, which identifies and recognizes companies that invest their time and resources in local communities.
Through its Investing for Good initiative, Capital One provided $45 million in philanthropic support this year to support nonprofit and community groups. Company employees committed nearly 250,000 hours of volunteer work in the communities in which Capital One operates.
Companies are evaluated based on several criteria, including how much financial and human resources are applied to civic improvement, how broadly community engagement is supported in a company’s mission and policies and how the firm measures the value of its community engagement programs.
“Wherever we do business, we’re deeply committed to helping our communities succeed by partnering with local nonprofits to change lives and neighborhoods for the better,” Carolyn Berkowitz, the vice president of community affairs at Capital one and the president of the Capital One Foundation, said. “Every day, our associates bring the same collaborative and innovative spirit that drives our business to our local partnerships and our work in the community. This honor is a testament to their dedication and to the efforts of the talented nonprofit leaders we work with every day.”
Other firms recognized in the Civic 50 survey include Citi, Morgan Stanley, Discover and Bank of America.