Founder and Chief Executive Officer Anthony Hsieh has announced that his firm will be donating $1 million to support individuals, families and children directly impacted by the COVID-19 virus, as well as first responders, healthcare workers and support personnel.
"Our community outreach efforts have been designed to support as many in-need individuals as possible," said Hsieh. "First, we want to ensure that families locally and nationwide that have been impacted by COVID-19 have food on their tables. Second, we want to ensure that our local heroes—the first responders and healthcare workers who are on the front lines—and their families are supported and well-cared for."
The company's $1 million donation has been designed to provide:
►Direct stipends for food, utilities and other basic needs of up to 1,200 Orange County, Calif.-based COVID-19 impacted families. The company also will provide technology in the form of hardware and Wi-Fi for job and educational stability.
►Food and meals to up to 14,000 COVID-19 impacted individuals and families nationwide.
►Full-time childcare, virtual learning assistance and daily meals to hundreds of children of first responders and healthcare workers located in Orange County, Calif.
►Hot meals and supplies, sourced from local businesses, to Southern California hospitals, medical and other professionals managing the COVID-19 crisis.
"We have a responsibility to our employees, our customers and the American people that we take very seriously," said Hsieh. "This donation is as heartfelt as it is essential in this time of extreme need."
loanDepot will also be harnessing the power of its 7,000-member strong employee base to create virtual volunteer opportunities nationwide. Since the crisis began, employees have been participating in community outreach activities, as well as sharing messages of support with community members.
"In these unprecedented times, Americans find themselves challenged with keeping their families healthy in the face of the COVID-19 virus, while also balancing the economic impacts resulting from stay-at-home orders implemented by local and state governments," said Hsieh. "As the nation's second largest non-bank lender, we feel it's our responsibility to do everything we can—big and small—to serve and support these efforts."