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RBC Wealth Management Donates $500,000 to United Way’s COVID-19 Response and Recovery Efforts


Contact: Kelly Puspoki, Greater Twin Cities United Way, 952-334-4545, kelly.puspoki@gtcuw.org

RBC Wealth Management Donates $500,000 to United Way’s COVID-19 Response and Recovery Efforts

(MINNEAPOLIS) March 27, 2020 — As the unprecedented and evolving COVID-19 pandemic continues to impact Minnesota and communities across the U.S., United Way is mobilizing to help in partnership with its generous donors.

To aid in these efforts, RBC Wealth Management – U.S. is committing $500,000 to communities most impacted by COVID-19 through a gift to United Way, bringing immediate support to those who need it most. The company is also encouraging others in the community, including its own employees, to potentially double the impact of its gift by making their own individual contributions. Funding will provide emergency assistance for people experiencing poverty with resources for food, shelter, childcare and other support supplies.

To date, RBC has given the largest gift to Greater Twin Cities United Way’s COVID-19 Response and Recovery Fund. The funding will be distributed to Greater Twin Cities United Way as well as other United Ways across the country.

“We are incredibly grateful to RBC Wealth Management for this generous gift. It’s going to help people who are most vulnerable, including those experiencing poverty,” said John Wilgers, President & CEO of Greater Twin Cities United Way. “RBC Wealth Management has a long history of helping our Greater Twin Cities community prosper, as well as the communities it serves nationwide.”

“In these unprecedented and uncertain times, we want to help provide relief to those who need it most – in our hometown of Minneapolis and throughout all the communities where we live and work,” said RBC Wealth Management – U.S. CEO Michael Armstrong.

“No one should have to worry about access to food, supplies or support during this stressful period for our community,” said RBC Wealth Management – U.S. President Tom Sagissor. “Through this national partnership with United Way, we’re doing what we can to help in all the communities where we do business and, hopefully, inspiring others to do what they can as well.”

RBC Wealth Management’s parent company, RBC, last week committed $2 million in support of COVID-19 community response efforts. Funds will be directed to at-risk populations and communities in Canada, the U.S. and globally through charitable partners including Food Banks Canada, Feeding America and The World Health Organization’s COVID-19 Solidarity Response Fund. And earlier this week, Los Angeles-based City National Bank, also an RBC company, announced it will donate $2 million to help communities, clients and colleagues in need deal with the unprecedented and rapidly escalating humanitarian, healthcare and financial challenges caused by the COVID-19 pandemic.

RBC Wealth Management’s purpose is to help clients thrive and communities prosper, with approximately 2,000 financial advisors operating in 176 locations across the country, including 13 locations in Minnesota.

About Greater Twin Cities United Way: One in four people in the Twin Cities region are experiencing poverty. Greater Twin Cities United Way supports long-term wellbeing by working to provide equitable access for all to a strong education, stable housing, healthy food and good jobs. We do this by bringing together the public, private and nonprofit sectors to solve the community’s most pressing needs. Through our public policy work, volunteer engagement, coalition building, United Way’s 2-1-1 hotline, nonprofit leadership support and grant making, we take a holistic, long-term approach to help people meet their potential. That’s because when more of us reach our potential, our whole community benefits. For more information, visit www.gtcuw.orgFacebookTwitterInstagram, and LinkedIn.

About RBC Wealth Management: In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC. is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $413 billion in total client assets with 2,000 financial advisors operating in 176 locations in 42 states.


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