Common Impact and Fidelity Investments Expand Impact Week 2020 to Support COVID-19 Relief and Racial Justice Movement
Annual Skills-Based Volunteer Event to Engage 400+ Fidelity Employees in 81 Nonprofit Projects
Common Impact, a nonprofit recognized as a national leader in skills-based volunteerism, is partnering with Fidelity Investments to expand the company’s fifth annual Impact Week. This nonprofit consulting event invites Fidelity Investments employees to apply their business expertise across multiple disciplines – including marketing, HR, strategy, finance, client relations, tech, data, and operations – in service of their communities. Past Impact Week events have engaged a total of 1,025 Fidelity associates in support of 173 nonprofit projects, generating $1,291,500 in social return on investment (SROI).
Due to the unprecedented COVID-19 pandemic, Impact Week 2020 will be entirely virtual and expand to 10 distinct weeks of programming, spanning mid-August through early 2021. Impact Week 2020 will engage over 400 Fidelity employees nationwide in 81 skills-based volunteering projects with nonprofits such as Food Bank for NYC, United Way of Rhode Island, and Junior Achievement of Utah. The first set of skills-based projects is dedicated to supporting nonprofit organizations with COVID-19 response and resiliency. Another week will focus specifically on promoting racial justice and equity.
“This pandemic has hit nonprofits especially hard. Organizations are being tested on how well they can adapt their operations and other mission-critical work to COVID-19 as in-person volunteerism, events, and donations have taken a hit,” said Heidi Siegal, Vice President of Community Relations at Fidelity. “Impact Week supports nonprofits in overcoming challenges in these and other areas so that they can continue to serve their communities throughout the pandemic and beyond.”
“COVID-19 has widened the fault lines and inequities that already existed within our communities,” said Danielle Holly, CEO of Common Impact. “Nonprofits are on the front lines, delivering critical services to our community members that are being hit hardest by the pandemic. Common Impact targets its support to organizations that serve communities of color, that are committed to racial justice, and that are working to close the deepening digital divide.”
“One of the most powerful ways companies can actively show their support is by sharing their skills and expertise with these organizations. Fidelity Investments, a veteran in strategic community engagement, has understood and modeled that for the past two decades with its skilled volunteer programs.”
As part of this year’s programming, Common Impact has also launched the Fidelity Nonprofit Hotline, a model of just-in-time support developed with the challenges of COVID-19 and racial injustice in mind. The hotline gives nonprofits the ability to connect virtually with Fidelity volunteers for coaching and strategic guidance on an accelerated timeline or for one-on-one support with crisis situations.
About Common Impact
Common Impact is a national nonprofit that works to build a society in which individuals and businesses invest their unique talents towards a shared purpose: strengthening the local communities in which we live and work. Founded in 2000, Common Impact has partnered with Fortune 500 companies and hundreds of the country's leading nonprofit organizations to create transformational change through skills-based volunteering. Learn more about Common Impact's services, impact, and clients.
About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $8.6 trillion, including discretionary assets of $3.4 trillion as of July 31, 2020, we focus on meeting the unique needs of a diverse set of customers: helping more than 32 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 institutions with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 45,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company.
Debra Caruso Marrone