SOCIAL IMPACT

Through the firm’s philanthropic arm, The BlackRock Foundation supports programs that bring financial well-being within reach for those facing historic and ongoing barriers to stability and opportunity.

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COVID-19 has wiped out hundreds of millions of jobs globally.
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And has deepened inequities in communities around the world.
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That’s why we are partnering with Generation, an organization that trains and connects people to upwardly mobile and sustainable jobs.
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We will support Generation across 6 countries to help jobseekers access careers in high-demand sectors including tech, healthcare and green jobs.
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We are committed to ensuring our communities are resilient now, and in the future.
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LOGO: GENERATION
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END CARD: “BLACKROCK // Supporting Communities”

Bringing economic opportunity to more people

Helping people access a steady and upwardly mobile income is a critical component of building financial resilience. We support job readiness programs that reskill, provide credentials and create equitable pathways to careers.

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Super: Deborah Winshel
Global Head of Social Impact & President of the BlackRock Foundation
In the wake of research showing how many people in the U.S. and the UK couldn’t cover a $400 emergency expense,
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Super: Deborah Winshel
Global Head of Social Impact & President of the BlackRock Foundation
we launched our philanthropic flagship, Blackrock’s Emergency Savings Initiative, back in 2019.
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Super: Deborah Winshel
Global Head of Social Impact & President of the BlackRock Foundation
Thanks to our nonprofit partners including Common Cents Lab, Commonwealth and the Financial Health Network,
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we’re helping more businesses support their employees and their customers with one critical building block of financial health.
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“BlackRock//Supporting communities”
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Picture collage
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Without emergency savings, low-to-moderate income plan participants were twice as likely to withdraw from their workplace retirement account…..
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Super: Tim Flacke
Co-founder & Executive Director, Commonwealth
To me that just illustrates what is a fairly easy intuition, which is, there’s a link between our short-term financial well-being and our long-term financial savings.
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UPS has also joined the Emergency Savings Initiative to offer a way for its 90K non-union employees to save for emergencies within their current retirement plan.
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Super: B.J. Dorfman
Director of Benefits at UPS
Many people think that the 401(k) plan is just for retirement and for long-term savings,
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and don’t think of it as a vehicle for short-term savings. So, we really needed to change that conversation with our people.
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In addition to employers, we’re partnering across the fintech and payments industry to help bring short-term savings solutions to more people.
LOGOS: MasterCard, UrbanFT Financial Technology, Self
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Super: Deborah Winshel
Global Head of Social Impact & President of the BlackRock Foundation
BlackRock has a fiduciary duty to help our clients build better financial futures, but if you widen that lens, we have a social responsibility to help
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Super: Deborah Winshel
Global Head of Social Impact & President of the BlackRock Foundation
millions of people create a more secure financial future for themselves and for their families.
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Find out more about our $50 million commitment to our Emergency Savings Initiative. Visit savingsproject.org
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BlackRock logo card

Supporting household financial security

43% of low-wage workers in the US don’t have a savings account.* BlackRock’s Emergency Savings Initiative brings together partner companies and nonprofit financial health experts to make saving easier and more accessible.

*Commonwealth, “Emergency Savings: A Life Jacket in Rough Seas,” 2020

Learn more Learn more

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From scarce medical resources to food insecurity, COVID-19 has created unparalleled need in our communities globally.
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Since March, BlackRock has offered funding and support to frontline responders and food bank partners in our communities.
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“BLACKROCK // Supporting Communities”
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*Photo collage of frontline workers*
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We’ve helped our 35 food bank partners around the world to provide a vital lifeline to vulnerable community members.
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In Australia, we helped Foodbank Australia distribute more than 500,000 meals nationwide.
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And our support in NYC enabled City Harvest to purchase 25 truckloads of shelf stable food
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for the hardest-hit communities.
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When the pandemic first reached Italy,
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we helped Banco Alimentare provide more than 3 million meals to communities in need.
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We also provided flexible support to 19 hospitals and healthcare organizations.
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In India, we’re supporting organizations that are providing PPE kits
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To frontline workers in cities with high case counts.
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And in France we are helping
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Fondation Hopitaux de Paris-Hopitaux de France improve conditions for patient care and workers in 57 hospitals.
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As we face an uncertain reality in the months ahead, BlackRock will continue to support the resilience of our communities.
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To learn more, get involved or give back, visit BlackRock.com
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Fostering resilience to macro-level crises

In response to COVID-19, we committed $50M to relief and recovery efforts in places where we operate that have been and continue to be disproportionately impacted. As a global corporate citizen, we support three partners annually to reach communities in distress: the International Rescue Committee, Médecins Sans Frontières and Save the Children.