BMO Commits $3 Million to Help Los Angeles Wildfire Recovery Efforts
BMO Financial Group has stepped up to aid the recovery efforts following the devastating wildfires in Los Angeles by committing a significant $3 million to local community organizations. The announcement was made by CEO Darrel Hackett, who expressed deep concern for those affected by the fires. This pledge is an essential part of BMO's broader commitment to fostering resilience in the Southern California communities it serves.
Hackett stated, "The scale of this tragedy is overwhelming... Our thoughts remain with the thousands of people impacted." As the recovery process starts, BMO aims to provide both financial support and practical assistance to the communities wrestling with the aftermath of these tragic events.
Earlier this week, BMO organized a conference in Los Angeles, inviting key figures from the engineering and construction sectors to discuss ways to support rebuilding efforts. These discussions are crucial as they promote industry collaboration, enabling a more efficient and cohesive recovery strategy.
The $3 million commitment by BMO is an addition to its previous donation of $100,000, which was split between the United Way LA (UWLA) Wildfire Response Fund and Direct Relief for immediate fire response. BMO has also been a long-time supporter of the American Red Cross Emergency Relief Fund, demonstrating its dedication to aiding communities in crisis.
To facilitate aid distribution, BMO Stadium is acting as a distribution site on January 17. This event is being led by the American Red Cross, along with local sports teams such as LAFC and Angel City FC. Volunteer efforts will focus on providing essentials like food, water, and hygiene kits to those affected, highlighting BMO's active role in the local support network.
For businesses and residents in the impacted areas, BMO is encouraging them to visit BMO.com to learn more about the specific ways they are being supported during this difficult time.
BMO’s commitment goes beyond monetary donations. The bank’s initiative, 'BMO Gives,' underscores its strategy of fostering community engagement through employee volunteering and charitable contributions. In the past year alone, BMO has donated over $84 million to various charities and nonprofit organizations across North America, with employees dedicating nearly 62,000 hours to volunteer work, and contributing more than $31 million through annual giving programs. This commitment demonstrates how BMO aims to grow the good in business and life, ensuring that community support is at the forefront of its operations.
BMO is not just a financial institution; it has positioned itself as a pivotal player in community resilience and recovery. With a history of nearly 200 years, BMO is one of the largest banks in North America, serving approximately 13 million customers across the U.S. and Canada. The organization continues to align its efforts with its core purpose, striving towards a sustainable future and an inclusive society.
As the recovery journey begins for the communities affected, BMO's proactive measures and generous support highlight the importance of corporate responsibility and community involvement in times of crisis, reaffirming the power of collaboration in rebuilding lives and uplifting spirits.
Hackett stated, "The scale of this tragedy is overwhelming... Our thoughts remain with the thousands of people impacted." As the recovery process starts, BMO aims to provide both financial support and practical assistance to the communities wrestling with the aftermath of these tragic events.
Earlier this week, BMO organized a conference in Los Angeles, inviting key figures from the engineering and construction sectors to discuss ways to support rebuilding efforts. These discussions are crucial as they promote industry collaboration, enabling a more efficient and cohesive recovery strategy.
The $3 million commitment by BMO is an addition to its previous donation of $100,000, which was split between the United Way LA (UWLA) Wildfire Response Fund and Direct Relief for immediate fire response. BMO has also been a long-time supporter of the American Red Cross Emergency Relief Fund, demonstrating its dedication to aiding communities in crisis.
To facilitate aid distribution, BMO Stadium is acting as a distribution site on January 17. This event is being led by the American Red Cross, along with local sports teams such as LAFC and Angel City FC. Volunteer efforts will focus on providing essentials like food, water, and hygiene kits to those affected, highlighting BMO's active role in the local support network.
For businesses and residents in the impacted areas, BMO is encouraging them to visit BMO.com to learn more about the specific ways they are being supported during this difficult time.
BMO’s commitment goes beyond monetary donations. The bank’s initiative, 'BMO Gives,' underscores its strategy of fostering community engagement through employee volunteering and charitable contributions. In the past year alone, BMO has donated over $84 million to various charities and nonprofit organizations across North America, with employees dedicating nearly 62,000 hours to volunteer work, and contributing more than $31 million through annual giving programs. This commitment demonstrates how BMO aims to grow the good in business and life, ensuring that community support is at the forefront of its operations.
BMO is not just a financial institution; it has positioned itself as a pivotal player in community resilience and recovery. With a history of nearly 200 years, BMO is one of the largest banks in North America, serving approximately 13 million customers across the U.S. and Canada. The organization continues to align its efforts with its core purpose, striving towards a sustainable future and an inclusive society.
As the recovery journey begins for the communities affected, BMO's proactive measures and generous support highlight the importance of corporate responsibility and community involvement in times of crisis, reaffirming the power of collaboration in rebuilding lives and uplifting spirits.
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