Philanthropy, philanthropists, philanthropic
 
City National’s CFO Chris Carey rappelled down a Los Angeles skyscraper in June to raise money for Shatterproof, a nonprofit devoted to protecting children from addiction to alcohol and other drugs.

City National Bank is one of the top 15 corporate philanthropists in Los Angeles County, giving $2.5 million to charities in the region in 2014, according to the Los Angeles Business Journal annual ranking.

“City National takes great pride in investing in the communities where we work, live and conduct business,” said Samantha Davies, senior vice president of marketing at City National Bank. “Investing in the economic vitality of our region has a positive impact on the growth and prosperity of those communities.”

In addition to giving $4.6 million nationally, City National supplements colleagues’ personal community involvement with several bank-run initiatives.

Reading is The way up® is City National’s own award-winning literacy program, designed to promote childhood reading. To date, this program has:

  • Donated more than 300,000 books to California, Nevada, Tennessee, Georgia and New York libraries
  • Awarded more than $1,000,000 to teachers in elementary, middle and high schools for creative literacy projects
  • Provided colleagues up to three hours of paid time off each month to read to students in any public or private school in any community the bank serves

In addition, under its Dollars for Doers program, the bank donates up to $500 to any qualified non-profit where a colleague volunteers. Last year, colleagues volunteered more than 23,000 hours.

Another resource for colleagues is Dollars + Sense, a financial literacy program for students in grades K–12. In 2014, City National colleagues logged more than 1,700 volunteer hours teaching financial management skills to youths.

In addition, earlier this year, City National Bank announced an $11 billion, five-year commitment to community lending, investment, charitable contributions, supplier diversity and other activities outlined in the Community Reinvestment Act. The bank’s CRA commitment will emphasize small business and community development loans.

To see the LABJ list click here.