The Invest in Others Charitable Foundation and InvestmentNews have recognized five financial services firms for their charitable contributions, choosing them as finalists for the foundation's first-ever Corporate Philanthropy Award.
Commonwealth Financial Network, LPL Financial, Natixis Global Asset Management, North Star Resource Group and Voya Financial were selected from dozens of nominations based on the impact of their charitable work in the community and their incentives to encourage employee giving, among other criteria.
The award will recognize a firm that's had an ongoing commitment to encouraging philanthropic giving among its employees and senior leaders, according to the Invest in Others Charitable Foundation.
“Companies make an extraordinary impact in their communities by harnessing the energy, passion, and talents of their employees — positively affecting everyone involved," said Megan McAuley, executive director of the Invest in Others Charitable Foundation. "We introduced the Corporate Philanthropy Award this year to recognize the impactful ways financial services firms encourage philanthropy amongst their employees, financial advisers and senior leaders."
The winner, which will be announced Sept. 30 at the ninth annual Community Leadership Awards Gala in New York City, will receive a $2,500 donation to a charity of their choice.
Five financial advisers also will receive Community Leadership Awards for their individual charitable works at the event, which will be held at Cipriani 42nd Street.