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Quicken Loans Community Fund and Gilbert Family Foundation Pitch in to Ease Coronavirus Impact on Detroit

NationalMortgageProfessional.com
Mar 17, 2020
Photo credit: Getty Images/ehrlif

The Quicken Loans Community Fund and Gilbert Family Foundation have announced a combined $1.2 million donation to address the ongoing impact of Coronavirus in Detroit. The investment includes:
 
The Quicken Loans Community Fund and Gilbert Family Foundation have announced a combined $1.2 million donation ►Donations in the amount of $250,000 by both the Quicken Loans Community Fund and Gilbert Family Foundation into the United Way for Southeastern Michigan COVID-19 Community Response Fund that will support vulnerable populations and the nonprofits serving those in need amid the coronavirus pandemic ($500,000 total).
 
►A $250,000 investment by the Gilbert Family Foundation to the United Community Housing Coalition to address housing instability, including mortgage, rental and utility assistance, as well as additional issues exacerbated by the effects of Coronavirus on the community.
 
►A total of $450,000to be provided as flexible investments by the Quicken Loans Community Fund for small businesses and existing grant partners to ensure they can maintain operations in the weeks ahead.
 
The Quicken Loans Community Fund is the philanthropic arm of Quicken Loans, Bedrock and the affiliated companies, which comprise the Rock Family of Companies. The Quicken Loans Community Fund has invested $200 million into Detroit organizations and programming, and team members have contributed 725,000 volunteer hours nationwide–including 400,000 in Quicken Loans’ hometown of Detroit.
 
“As Detroit’s largest employer and in an effort to prioritize the health, well-being and safety of our team members and community, it was important to Quicken Loans and the Rock Family of Companies to have our team members work from home over the coming weeks to prevent the spread of COVID-19,” said Jay Farner, chief executive officer of Quicken Loans. “However, we understand that the Coronavirus pandemic is going to cause unique consequences for our home community, which is why we are announcing a $1.2 million investment from the Quicken Loans Community Fund and Gilbert Family Foundation to support Detroit non-profits and those in need during this difficult time.”
 
The Quicken Loans Community Fund has also set up a matching fundraising campaign for team members in its home communities of Detroit, Cleveland, Phoenix and Charlotte. Team members will be able to donate funds that will be directed to local nonprofits providing vital services to local residents throughout the Coronavirus pandemic.
 
“Our actions today will impact the trajectory of the coronavirus tomorrow, which is why it is so critical that we, as a philanthropic community, immediately support Detroit residents through direct investments in families and those nonprofits that provide crucial services,” said Jennifer Gilbert, co-founder of the Gilbert Family Foundation. “The Gilbert Family Foundation is proud to invest in United Way and United Community Housing Coalition in order to mitigate the impacts of this virus today and for the foreseeable future. We encourage other organizations to join us in supporting this necessary cause.”