Northern Trust donates $50,000 to Everglades Foundation; Part of a decades-long investment in Florida

MIAMI–(BUSINESS WIRE)–As Northern Trust celebrates 50 years in the state of Florida, it today announced a $50,000 donation to the Everglades Foundation, which seeks to protect and restore the U.S. Everglades, the largest region subtropical wilderness of the United States that provides important habitat for many rare and endangered species.

“The American Everglades are one of the environmental treasures that make the state of Florida so special, and we are proud to partner with an organization that protects these vital waterways,” said Alexander Adams, President of South Florida. , Northern Trust Wealth Management. “We hope this donation will continue this important work to benefit Florida for many years to come.”

Everglades Foundation CEO Eric Eikenberg congratulated Northern Trust on celebrating 50 years in Florida.

“We view Northern Trust as a trusted investment and financial partner that has increasingly strengthened its relationship with us and has consistently demonstrated a meaningful commitment to our mission to restore and protect the American Everglades,” it said. he declares.

As a long-time and highly engaged member of the Florida business community, Northern Trust has donated approximately $14 million over the past decade to Florida-based organizations and invested over $1 billion dollars to support communities across the state.

Currently, Northern Trust’s community investment portfolio in Florida stands at $541 million, supporting a wide variety of organizations and projects, including:

  • Investments of more than $50 million in local Habitat for Humanity organizations that have supported the origination of more than 450 zero-interest mortgages to low- and moderate-income Florida families;

  • A $3.2 million equity investment in New Market Tax Credits for the Miami Lighthouse for the Blind, to help fund a five-story addition to their Miami facility that will significantly increase programming;

  • More than $5 million in an equity investment in New Market Tax Credits for the Overtown Youth Center to open a three-story building and increase the range of services for youth ages 7-25;

  • A $2 million investment for Paycheck Protection Program (PPP) funding through the Black Business Investment Fund, which aims to increase black business ownership in Florida;

  • Nearly $6 million in new business tax credits for Guadalupe Center outside of Naples to increase educational programs for children.

“The breadth and variety of our involvement with leading service organizations highlights the ways in which Northern Trust seeks to improve the quality of life for everyone in Florida,” Adams said. “We leverage the expertise and commitment of all of our colleagues, from their financial acumen with community investments to the time they spend cleaning beaches and sorting and packing items at banks. food.”

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and private businesses. It is recognized for its innovative technology, service excellence and depth of expertise and ranks among the top 10 US wealth managers, with $416.1 billion in assets under management as of December 31, 2021. Northern Trust Company is an Equal Housing Lender. FDIC member.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2021, Northern Trust had assets under custody/administration of US$16.2 trillion and assets under management of US$1.6 trillion. For over 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.