The Barclays Foundation – COVID-19 Community Aid Package

The Barclays Foundation – COVID-19 Community Aid Package Barclays have announced a new £100m package of funding, initially to provide a COVID-19 Community Aid Package to charities working to support vulnerable people impacted by COVID-19, and to alleviate the associated social and economic hardship caused by the crisis.

Programme details

Component 1 – Charity Partners Programme

  • A £50 million fund.
  • Disbursed principally in the UK, but also in some of our international markets such as the US and India, in part reflecting where our most significant colleague population centres are.
  • Funding deployed via partnerships with trusted charities who can have a direct and immediate impact on the communities we wish to help in those geographies.
  • Funding to be targeted at programmes as local to our major locations as possible – the places where our colleagues live and work, and where they can potentially help directly.
  • The money will be used to help disadvantaged people (those suffering from social and economic deprivation as a consequence of COVID-19), the elderly and vulnerable communities most at risk from COVID-19, and to support NHS staff and other keyworker communities.

Component 2 – Employee Matched Donations Programme

  • A £50 million commitment.
  • Barclays will match an individual colleague’s donations to charities working to support vulnerable people impacted by COVID-19, and in alleviating the associated social and economic hardship caused by the crisis.
  • A colleague may select a charity of his or her choice for their donation and matching programme, provided the charity is officially registered, and is engaged in supporting communities impacted by COVID-19.
  • Un-utilised corporate funds (any balance of the £50 million) at the end of 12 months would be deployed to the Charity Partners Programme so that Barclays meets its overall public commitment of a £100 million contribution to COVID-19 Community Aid.

The full announcement can be found here

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