UnionBank's Community Commitment

UnionBank is one of the leading companies in the financial services industry. A full-service commercial bank, the company provides an array of financial services to private individuals and small to large-scale companies. These services include private banking, investment and financial management, trust services, insurance services and global custody services.

But aside from investing in customers, companies and employees, UnionBank also invests in communities. This Fortune 500 Company has long been implementing a commitment to the community as part of their corporate social responsibility. As part of their 10-year community commitment, Union Bank has allotted at least two percent of their annual after-tax net profit for charity work.

During the first six years of their pledge, Union Bank has donated an estimated sum of $72 million. Their increasing support to non-profits organizations was first recorded in 1995, when Union Bank nearly tripled their charitable contribution. Five years later, the bank’s charitable investment totaled $10.1 million in grants and investments to finance chosen NGOs.

Union Bank’s charitable commitment is achieved through grants and investments made by the Union Bank Foundation. The bank initiates contributions and sponsorships, but there is also a way for people and organizations to apply for a charitable request. Union Bank Foundation’s online application makes it easy for anyone to submit a sponsorship or grant request; all they need to do is to sign up and choose the most appropriate application that best corresponds to their charitable request.

Some of the recipients of Union Banks’s foundation grants are the American Red Cross, Arts in Education Aid Council, Inc., California Housing Partnership Corporation, Chicana Latina Foundation, and Gay & Lesbian Elder Housing. Corporate contributions were distributed to the American Cancer Society, Asian Pacific Fund, Voices for Children, and many more.

As an industry leader, Union Bank is continuously helping the rest of the community achieve their goals through charity.