Caritas Partners and American Red Cross Collaborate to Provide Care for People in Need

Caritas Partners and American Red Cross Collaborate to Provide Care for People in Need

New York, NY (June 23, 2015)Caritas Partners is excited to announce our new partnership with the American Red Cross in a joint campaign to generate new streams of revenue to relieve suffering in the U.S. and across the world. Caritas Partners specializes in corporate stock repurchase orders and donates a percentage of our gross commissions to charities that our clients select. With the addition of the Red Cross to our charities of choice, Caritas Partners can offer our corporate clients a world leader in relief work as a recipient of the donations created through our charitable repurchase program. Along with our corporate clients, Caritas Partners can produce an original stream of revenue for the Red Cross by donating a predetermined portion of our gross commissions on every transaction.

“Caritas Partners is committed to unlocking shared value for corporations and charities by donating our gross commission dollars to critical social issues,” said Caritas Partners’ Director of Communications Matthew Krumholtz. “We are thrilled to partner with the American Red Cross in support of their widespread and inspiring relief efforts.”

“The American Red Cross is grateful to the support of Caritas Partners. We rely on innovative fundraising efforts such as this to fulfill our humanitarian mission and help those in need,” said Jennifer Niyangoda, Executive Director of Corporate & Foundation Programs at the American Red Cross.

Through this partnership, the Red Cross will now have a new scalable source of funding for its five key service areas: disaster relief; supporting America’s military families; health and safety training and education; lifesaving blood; and international services. When supporters of the American Red Cross work with Caritas Partners, they will be capturing additional revenue for the Red Cross through the predetermined portion of our gross commissions that we dedicate to charity.

About Caritas Partners

Caritas Partners is the first Wall Street firm dedicated to sustainable philanthropy and shared value. We offer a cutting-edge share repurchase program that gives corporations a way of creating an untapped stream of revenue for their preferred charities. With every repurchase order we execute, Caritas Partners donates up to 50% of our gross commissions to a charity, foundation, or non-profit entity of our client’s choice. Our model also offers a philanthropic equity trading platform to hedge funds, pension funds, endowments, and family offices. In each transaction, we turn daily trading for companies into financial gain for charities. Together with our corporate and charitable partners, Caritas Partners is putting stock in charity.