NEW YORK AND MINNEAPOLIS, April 22, 2013 /PRNewswire/ - RBC today announced a $50,000 donation to The One Fund Boston through its RBC Foundation USA - a charitable entity funded jointly by the bank's Capital Markets and Wealth Management businesses in the U.S. - to aid the victims impacted by the Boston Marathon tragedy.
Massachusetts Governor Deval Patrick and Boston Mayor Tom Menino announced the formation of The One Fund Boston to raise money to help those families most affected by the tragic events that unfolded during the Boston Marathon on April 15, 2013.
"The appalling events that took place at the Boston Marathon impacted our entire nation, and many of our employees, clients, families and friends," said John Taft, CEO of RBC Wealth Management, U.S. "We are proud to partner with The One Fund Boston in support of their efforts."
"Our hearts go out to the many innocent people affected by this terrible tragedy," said Deborah Freer, COO of RBC Capital Markets, U.S. "Our thoughts are with them and their families as they attempt to recover from this horrific incident."
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and are among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, and investor services and wholesale banking on a global basis. We employ approximately 80,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 49 other countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations, sponsorships and employee volunteer activities. In 2012, RBC contributed more than C$95 million to causes worldwide, including donations and community investments of more than C$64 million and C$31 million in sponsorships.