Deutsche Bank’s commitment to communities in the Americas is grounded in a long-standing tradition of social responsibility. CR Americas leverages its passionate, agile-minded thought leadership to customize innovative strategies that address the changing needs of the underserved during these challenging times. Some of the programs and initiatives Deutsche Bank participates in include:
- Deutsche Bank Americas Foundation: The principal focus of the Deutsche Bank Americas Foundation’s work is community development, poverty alleviation, public education initiatives and arts programs. Philanthropic activities support the entire Americas region with funding of programs in the United States, Canada and Latin America. Resources are complemented by the activities of the Community Development Finance Group, which makes loans and investments within low and moderate income communities. It is the center of competence for Deutsche Bank’s global microfinance work. Since 1992, the Federal Reserve Bank has rated Deutsche Bank “outstanding” for this work.
- U.S. Community Development Finance Group: Deutsche Bank uses its capabilities as a global investment bank to create economic opportunities in distressed communities.
- Essential Capital Fund: In 2012, Deutsche Bank committed to structuring an innovative seven-year investment fund – the “Essential Capital Fund” – that provides crucial catalytic funds to socially responsible investment funds and enterprises that support the microfinance and social enterprise sectors. Approximately $50 million in size, the Fund is a pioneering structure that will address this market failure by creating a credit enhancement facility that can be readily accessed by social enterprises and social impact funds around the world to help mitigate perceived risks of early stage enterprises. The Fund is structured and managed by Deutsche Bank, with the intention of attracting mission driven investor interest from development banks, foundations and others who are committed to growing the scale and pace of the impact investment market.
- Anchoring Achievement in Mexican Communities: Deutsche Bank has recently launched a new initiative, Anchoring Achievement in Mexican Communities, that aims to improve the long-term educational and economic well-being of children, youth and families of Mexican origin in New York City. The initiative seeks to ameliorate the barriers facing among Mexican and Mexican-American students through relevant research and high-quality programs and services.
- Strive for College: Strive for College is working to correct the inequities of college access that are perpetuated through lack of information and guidance in under-resourced high schools across the US. Through Strive, college mentors volunteer to help low-income high school students apply to, enroll in and pay for four-year colleges and universities. Deutsche Bank helped Strive launch its program in NYC, which has since engaged 200 college students to provide college guidance to over 300 high school students who would have otherwise lacked the resources and supports to apply to and enroll in college. Deutsche Bank continues to expand Strive’s work in NYC and across the country.
- The New York City Change Capital Fund (CCF): Deutsche Bank supports long-term change in New York City communities by launching new initiatives backed by the New York City Change Capital Fund. CCF is a collaboration of 17 foundations and financial institutions is dedicated to actions that help distressed New York Communities to create, revitalize and preserving neighborhoods. Recently, the launch of a new initiative was announced to harness the strength of community development corporations (CDCs) to reduce poverty in high-need New York City neighborhoods.
Click Here to learn more about Deutsche Bank’s corporate social responsibility efforts in the US.
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