Saks Fifth Avenue and sister company, Hudson’s Bay, are donating $1.3 million to the COVID-19 crisis through their foundations. Tapestry, Inc. has pledged $2 million through the Coach Foundation.
The Saks Fifth Avenue Foundation is committing $600,000 to New York-Presbyterian, Bring Change to Mind and Girls Inc.
The $250,000 gift to New York-Presbyterian is to support general patient care needs, including the purchasing of ventilators and personal protective equipment and the hiring of additional clinical staff, and capacity expansion. The $200,000 gift to Bring Change to Mind is to help create virtual programs for high school students, and the $150,000 gift to Girls Inc. is to support the expansion of virtual resources to provide programming to girls in the absence of their in-person program.
Marc Metrick, president of Saks Fifth Avenue, said, “Now is the time to stand together to support our community, our customers and all those affected both physically and mentally by the COVID-19 pandemic. Whether it’s medical workers on the frontlines, hospitals that require more essential supplies and resources, or those experiencing stress of anxiety about the virus, we know donations through the Saks Fifth Avenue Foundation will provide vital relief to those in need during this challenging and uncertain time.”
Hudson’s Bay Foundation will donate $1 million Canadian to Food Banks Canada and Kids Help Phone, split evenly between the two charities. The foundation encourages Canadians to support the charities and will match donations.
“Through the Hudson’s Bay Foundation we have an opportunity to provide critical support to Canadians at a time of unprecedented need,” said Iain Nairn, president of Hudson’s Bay. “This commitment will directly impact the well-being of our communities, customers and associates ensuring access to real-time mental health support for our children, as well as helping alleviate the stress for families who rely on these vital organizations every day.”
On March 18, the Saks New York flagship dedicated its windows to display a message of support for New Yorkers and gratitude for organizations on the frontlines of the COVID-19 pandemic. The windows encourage the community to support organizations serving low-income and food insecure New Yorkers, especially children, the elderly, and those with medical challenges.
Featured organizations include Blessings in a Backpack, Citymeals on Wheels, Crisis Text Line, Food Bank for New York City, God’s Love We Deliver, New York Cares, No Kid Hungry, Robin Hood Foundation Relief Fund, and the United Way of New York City COVID-19 Community Fund.
In other news, Tapestry, Inc., parent company of Coach, Kate Spade and Stuart Weitzman, said it will donate $2 million from the Coach Foundation to support NYC Department of Small Business Services Small Business Continuity Fund for businesses affected by COVID-19.
Tapestry’s Coach Foundation, together with Goldman Sachs 10,000 Small Businesses, Goldman Sachs Foundation, Pursuit and New York City, are anchor partners in this public-private partnership. In addition, Tapestry’s foundations will match gifts made by Tapestry employees in North America to support qualified charitable COVID-19 causes, up to $10,000 per employee under Tapestry’s matching fit program. The Coach Foundation will also make an additional contribution to an organization crowd-sourced by employees in North America.
“It is in times of uncertainty when large corporations can have the greatest impact on the communities in which we live and work. Now is an important moment for us to invest capital and our global insights into the city where each of our three brands were founded,” said Jide Zeitlin, chairman and chief executive officer of Tapestry, Inc. and chairman of the Coach Foundation. “Coach, Kate Spade and Stuart Weitzman were once small businesses here in New York City, and we are proud to partner with New York City and with Goldman Sachs through the Coach Foundation to help small businesses in our home city. We can help get them back on their feet during these extraordinary times.”
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