Montréal, Canada (July 6, 2020) — The Public Sector Pension Investment Board’s (PSP Investments) Special COVID-19 Emergency Relief Initiative has raised over $700,000 for charities.
The initiative was an opportunity for PSP Investments and its employees, directors and consultants worldwide to give back to the community during the global pandemic. Donations supported four organizations actively involved in COVID-19 relief work: the United Way/Centraide; HealthPartners; the Red Cross; and the Community Foundations of Canada.
“Whether it be to accelerate the development of vaccines, tests and treatments, or to help face this unprecedented challenge, I believe we need to come together to combat the COVID-19 pandemic,” said Neil Cunningham, President and Chief Executive Officer at PSP Investments. “I want to thank all my colleagues who donated for coming together to create impact in our most vulnerable communities. During this crisis, community organizations need our help more than ever.”
Under the relief initiative, PSP Investments asked employees, directors and consultants to donate to any of the four charities and pledged to match contributions at up to $2,000 per donation. PSP and its employees, directors and consultants contributed over $700,000, of which senior management and the Board of Directors contributed $300,000.
The initiative was launched as a CEO project and ran from May 12 to June 7. Mr. Cunningham donated 50 percent of his base salary to this and other COVID-19-related efforts.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with $168 billion of net assets under management as of March 31, 2019. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit www.investpsp.com or follow us on Twitter and LinkedIn.
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