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Rating:An MF Giant Goes International With COVID-19 Relief Efforts  Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 11, 2020

An MF Giant Goes International With COVID-19 Relief Efforts

Reported by InvestmentWires Staff, 

Nuveen'schief executive officer, Jose Minaya, shared with MFWire updates about the company's donation efforts around the coronavirus crisis.

Jose Minaya
The Nuveen [profile] team has expanded the focus of their COVID-19 donations efforts to go beyond national borders. In the UK, the company donated thousands of parking spaces for hospital use and healthcare workers and is housing medical supplies for hospitals in an industrial unit.

In Europe and the United States, Nuveen is currently repurposing property investments for medical use.

"We are in discussion in various locations in the US and in Europe for donating and/or leasing unoccupied space for medical use and field hospitals," Minaya told MFWire via email.

In the United States specifically, Nuveen has donated to food banks in Boston, Chicago, California, Texas, and Charlotte and to Youth INC NYC, among others. When the team found it had stocks of medical supplies in emergency preparedness kits, the company donated over 20,000 masks, plus additional protective gear and gloves, to Howard Hospital in and George Washington University Hospital.

"Our society hasn't faced challenges of this magnitude in our lifetimes. The actions we take and decisions we make today will have lasting ramifications for decades," Minaya said. "Businesses, institutions and communities that seek to protect the health, security and financial well-being of people and planet will be better off in the future."

Nuveen has also created the Nuveen Impact Grant, a matching donor program run in collaboration with the company's clients.

"The Nuveen Impact Grant is one example of furthering our firm's purpose by deepening our client relationships and investing alongside them to help improve communities during these difficult times and for some time to come," Minaya said.

"We were out in front of our clients early and often during this crisis, helping them stay calm and focused on their long-term goals," Minaya said.

He explained how Nuveen is providing clients with educational materials by tapping into their "deep bench of experts across both traditional and alternative asset classes" to "bring a total portfolio perspective to our clients, whether they are advisers managing money for retail investors or some of the world's largest institutions." 

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