The Guaranteed Rate Foundation Announces $3 Million Giving Milestone
Chicago, Ill., — July 10, 2019 – 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 seven 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 Foundation 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.
To learn more about the Guaranteed Rate Foundation or to apply for assistance, visit Gr-foundation.org
About Guaranteed Rate Companies
The Guaranteed Rate Companies, which includes Guaranteed Rate Inc., and Guaranteed Rate Affinity, LLC, has over 5,000 employees in a total of 700 offices across the U.S and will fund $36 billion in 2019. Headquartered in Chicago, Guaranteed Rate Inc. is one of the largest retail mortgage lenders in the United States. Founded in 2000 and licensed in all 50 states and Washington, D.C., it has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. Collectively, the companies have earned honors and awards including: "Top Lender for Online Service" for 2018 by U.S. News & World Report; No. 3 ranking in Scotsman Guide's Top Retail Mortgage Lenders 2018; Chicago Tribune's Top Workplaces list for seven consecutive years; and Best Online Lender and Best Lender for FHA Streamline Refinance by NerdWallet in 2019. Visit rate.com for more information.
About the Guaranteed Rate Foundation
The Guaranteed Rate Foundation is a 501(c)(3) public charity that provides hope and relief to those in need through tailored financial support. Founded in 2012, the Guaranteed Rate Foundation has granted more than $3.4 million to over 1,300 individuals. Funds are provided to help recipients who have been affected by domestic violence, homelessness, medical emergencies, natural disasters and the unexpected loss of loved ones. 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. For more information, visit: Gr-foundation.org