The Guaranteed Rate Foundation
, created in 2012 to positively impact lives in times of need, has announced a new giveback milestone of more than $3 million donated to individuals across the United States. The Foundation has helped more than 300 individuals who have experienced unforeseen hardships. The Foundation is on pace to grant over $1 million in 2019, a 68 percent increase from 2018.
“We started the Foundation five years ago with the focus of making a meaningful difference in someone’s life who is in desperate need of help. Today, we feel blessed to have provided over $3 million of support for individuals in need,” said Guaranteed Rate Founder and CEO Victor Ciardelli.
With 100 percent of overhead expenses covered by Guaranteed Rate, every penny donated to the Foundation goes directly to someone in desperate need of help. According to reports, giving directly to individuals accounted for just two percent of overall giving in the United States. The average Guaranteed Rate recipient receives $20,428 in forms of grants for rent, car payments, groceries or additional assistance.
The Guaranteed Rate Foundation receives money through employee donations, sponsors and several events held throughout the year, including the annual Speakeasy Soiree held each May and a Home Run Derby held at Guaranteed Rate Field in August.