ST. LOUIS, April 29, 2020 /PRNewswire/ -- NISA Investment Advisors, LLC ("NISA") today announced a $1 million targeted-donation to support those affected by the COVID-19 pandemic in the greater St. Louis area with the creation and funding of the NISA Charitable Fund, a donor-advised fund established with the St. Louis Community Foundation. The first disbursement of these relief monies has been distributed through the St. Louis Community Foundation to provide aid to those disproportionately affected by the pandemic.
"During these unprecedented times, NISA wanted to be part of the coalition helping St. Louis families, nonprofits, and local communities manage through and begin to recover from the crisis created by the COVID-19 pandemic," said David G. Eichhorn, President and Head of Investment Strategies of NISA. Jess Yawitz, CEO and Chairman of NISA, added, "In the months ahead, we look forward to expanding upon our corporate giving efforts with the newly established NISA Charitable Fund, which complements the long history of philanthropic activities of NISA principals."
The St. Louis COVID-19 Regional Response Fund was awarded a donation of $300,000 as part of NISA's commitment to the greater St. Louis area. The COVID-19 Regional Response Fund is an initiative focused on providing grants to nonprofits in the St. Louis area already serving vulnerable populations in the St. Louis area that are also affected by the coronavirus crisis and its economic fallout. These groups include the elderly, children, the unhoused, and those dealing with mental health issues. The Gateway Resilience Fund was the recipient of $100,000 to provide short-term financial assistance to employees and owners of small businesses adversely affected by COVID-19. The St. Louis Community Foundation oversees both funds.
"St. Louis is fortunate to have companies like NISA Investment Advisors that are committed to the well-being of the bi-state region," said Amelia Bond, President and CEO of the St. Louis Community Foundation. "NISA's support for both the COVID-19 Regional Response Fund and the Gateway Resilience Fund will go a long way toward delivering services and relief to those most in need during this time of uncertainty."
In addition to the charitable activities above, NISA instituted a $1,000 employer-match program focused on the local COVID-19 response to leverage the charitable activities of its over 300 employees. "We are deeply committed to the well-being of the St. Louis region and the local communities that most of our employees call home," added Mr. Eichhorn. "Indeed, we are humbled to be able to provide support to the greater St. Louis community in this time of great need."
The NISA Charitable Fund will initially focus on local and regional programs in the greater St. Louis area that assist those most affected by the COVID-19 pandemic.
About NISA Investment Advisors, LLC
NISA manages assets for some of the largest institutional investors in the U.S. The firm is 100% employee-owned and based in St. Louis, Missouri. Client portfolios include investment-grade fixed income, derivative overlay, and equity investments. As of December 31, 2019, NISA managed $225 billion in physical assets and $155 billion in derivative notional value in separate account overlay portfolios. NISA's Pension Surplus Risk Index, or PSRX®, is a forward-looking estimate of the funded status of U.S. corporate defined benefit plans and is published monthly. For more information, please visit our website at www.nisa.com and be sure to follow us on LinkedIn.
About St. Louis Community Foundation
A nonprofit foundation, founded in 1915, the St. Louis Community Foundation granted $101.3 million to nearly 3,000 nonprofits in St. Louis and around the world in 2019. The foundation also received more than $78 million in charitable gifts from its donors during the same period.
The foundation is composed of more than 750 charitable funds with total assets in excess of $500 million. Each fund represents a unique charitable giving partnership between an individual, family, or business and designated nonprofit recipients. For more information, please www.stlgives.org and be sure to follow them on Facebook.
Media: Michael Herley for NISA Investment Advisors, LLC, [email protected] or 203-308-1409
NISA Charitable Fund Director: Eriko Clevenger Pope, [email protected]
St. Louis Community Foundation: Neosha Franklin (Marketing and Communications Manager), [email protected] or 314-880-4959
SOURCE NISA Investment Advisors, LLC