 |
 |
 |
 |
| 2001 Community Involvement |
United Way September 11th
Fund |
 |
$100,000 |
| YMCA of Pasadena |
55,500 |
| Freddie Mac Foundation |
25,000 |
Hope Through Housing
Foundation |
25,000 |
IndyMac “Mac Match”
Employee Gift Match |
25,000 |
Ettie Lee Youth & Family
Services |
20,000 |
| San Gabriel Valley Boy Scouts |
20,000 |
| The Wellness Community |
20,000 |
| Kidspace Museum |
15,000 |
| NAACP |
10,000 |
| All other gifts |
257,798 |
 |
| Total 2001 Corporate Giving |
$573,298 |
| Total 2001 Employee Giving |
$118,000 |
|
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 |
IndyMac’s commitment to excellence goes beyond the corporate boardroom and into the community. Through corporate giving programs and employee volunteerism, we are proud to support and build the communities where we do business.
Through its Corporate Giving Program, IndyMac provided nearly $700,000 in funding to support organizations as diverse as the September 11th Fund and the Los Angeles Urban League. A substantial portion of corporate philanthropy is directed at supporting youth programs and services that provide support for disadvantaged children and families in Southern California and other areas where IndyMac has operations.
As a regulated financial institution, IndyMac Bank is committed to excelling in its Community Reinvestment Act (CRA) obligations. While providing important services in our community, our CRA activities are consistent with our core focus on mortgage lending and provide solid returns. In 2001, the Company made a $2.5 million commitment to National Housing Development Corp.’s California Investment Pool to help preserve affordable multifamily housing in California. IndyMac Bank has also provided support for a variety of other housing-related nonprofit organizations that work to make the dream of home ownership possible for every American. Of the $17.5 billion in total loans funded by IndyMac Bank last year, 12.4% went to low-to-moderate income borrowers. Minority borrowers made up nearly 22% of our total loan production.
IndyMac employees rose to the occasion last year when the Company participated in its first United Way campaign. Committing more than $100,000 — over twice the amount of the previous record — IndyMac employees were awarded the agency’s “Best New Campaign” trophy.
Employees also raised thousands of dollars for local charities through Team IndyMac, an employee group that raises money by participating in recreational athletic competitions and fun runs. Such activities included the March of Dimes Walk America, the 8th annual Revlon Run/Walk for Women and the Walk for Diabetes. Employees are also eligible to participate in Mac Match, the Company’s charitable contribution matching program that matches dollar-for-dollar employee contributions to qualified charitable organizations of their choosing.
In addition to money, IndyMac employees volunteered hundreds of hours of their time for projects such as Habitat for Humanity, Rebuilding Together® Pasadena and Los Angeles Neighborhood Housing Services to build and rehabilitate housing for low-to-moderate income families.
In Southern California and in our corporate locations around the country, IndyMac and its employees are planting the Company’s roots firmly in the communities where they live and work. We are proud to do our part to build a better America. |
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