Today the company has announced the establishment of The Barclays Foundation, initially to provide a COVID-19 Community Aid Package of £100 million to charities working to support vulnerable people impacted by COVID-19, and to alleviate the associated social and economic hardship caused by the crisis.
The package is made up of two components.
First, a corporate contribution of £50 million, which will be donated to, and deployed via, a variety of charities working to support vulnerable people impacted by COVID-19, and in alleviating the associated social and economic hardship caused by the crisis. The money will be disbursed principally in the UK, but also in Barclays’ international markets, including the USA and India.
Second, is a £50 million commitment by Barclays to match personal donations made by our employees to charities of their choice, local to them, and which are working to support communities impacted by the COVID-19 crisis.
For further details on the announcement please see: https://home.barclays/news/press-releases/2020/04/barclays-launches-p100-million-covid-19-community-aid-package/
Information will be released about the funding over the next few weeks.