Tue, Apr 7, 2020

Duff & Phelps Charitable Foundation Annual Report 2019/20

New York – The Duff & Phelps Charitable Foundation was established in 2018 to nurture innovate ideas, impact economic and social issues, and enable progress in underserved communities around the globe. In the 2019 global grant cycle, Duff & Phelps employees voted on nearly 80 charity partners to make an impact in their local communities. Since its inception in 2018, the foundation has donated almost USD $1 million to charities all over the world at the guidance of colleagues. In the most recent grant cycle, donations of nearly USD $500,000 supported causes like the environment, education, health, women’s empowerment and community integration. 

Jill Weise, Duff & Phelps Charitable Foundation Board Member and Global Head of the Transfer Pricing practice, said, “It’s great to see so many colleagues actively involved in volunteering and caring about the communities where they live and work. At Duff & Phelps, each office is able to tailor their local initiatives to do what’s right for them and their communities, while being supported by the global organization.”

Varun Gupta, Duff & Phelps Foundation Board Member, Country Managing Director for India and Asia Pacific Leader for Valuation Advisory, added, “It is an incredible feeling to be able to link up across borders and make a difference to our environment and society, and to see the direct impact of our volunteering efforts on the recipients. The Duff & Phelps Charitable Foundation is an excellent platform that is enabling our colleagues to be part of a global effort to make a positive and lasting impact.”

Colleagues nominated 39 charity partners in the Americas region, 31 in EMEA and 7 in APAC, and the Duff & Phelps Charitable Foundation granted over $178,000 to partners who support and integrate communities, over $140,000 towards financial literacy and education causes, $40,000 for environmental and conservation efforts and $30,000 to women’s empowerment. Diversity and inclusion was the top-rated cause in the Americas region, with the Wounded Warrior Project, a charity working with veterans, taking the number one voted partner position. In second place of Americas colleague votes was the Environmental Defense Fund. In EMEA, the Duff & Phelps Charitable Foundation partnered with City Pay it Forward to distribute a comprehensive year 6 curriculum to almost 700,000 children across 21,000 schools in the UK. In Ireland, a $15,000 grant to intuitional partner Basis.Point went towards a numeracy program to serve underserved schools and communities in Dublin, assisting children aged 8-14years. Colleagues in Singapore cycled 42 kilometers to raise awareness and funds for Aidha, which helps low income female workers achieve economic independence through entrepreneurship. In 2019, over 900 colleagues gave over 2,100 hours of volunteering time to local community initiatives across the globe.

Click here to read the Duff & Phelps Charitable Foundation Annual Report 2019/20. 

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