ST. LOUIS—January 17, 2017— Moneta, the 9th largest Registered Investment Advisor in the country based on FA Magazine, has roots in St. Louis dating back to 1869. That means that for almost 150 years the firm has been invested in the success of the St. Louis community. In fact, in addition to their own personal involvement in numerous charities, Moneta partners furthered their commitment to philanthropy by establishing the Moneta Charitable Foundation in 1999.
Each year, the Charitable Foundation selects charitable organizations to provide with grants and to partner with throughout the year; they also have an internal volunteer initiative, Moneta Momentum, which allows employees who are passionate about a cause or organization to petition the Foundation for a financial grant.
“Giving back to the community is an extremely important part of our culture at Moneta,” says Moneta’s Managing Partner, Eric Kittner. “Our goal is to empower others—our clients, our colleagues and our community—to navigate life’s path and protect what they cherish. The Red Cross and Ready Readers have long been admired for serving missions that echo that goal.”
The $25,000 grant to the American Red Cross will enable the purchase of a Red Cross Blood Transport Vehicle. In the St. Louis area, the Red Cross delivers 85% of the blood needed around the city – this means that they are transporting blood 24/7 and are in need of a new vehicle to help meet that need.
“We are honored that Moneta is supporting our mission – to prevent and alleviate human suffering in the face of emergencies,” said Cindy Erickson, American Red Cross of Eastern Missouri CEO. “With this very generous grant, the Red Cross will be better able to maintain a safe and uninterrupted blood supply for our region. This partnership will help save lives.”
Not only will Moneta support the Red Cross with this monetary grant, but there will be multiple opportunities for employees to volunteer their time at blood drives and other Red Cross sponsored events.
The $25,000 grant to Ready Readers will allow Moneta to “adopt” an early childhood center that serves low‐income children for a year. Through that partnership, Moneta will host book parties, collect books for donation, read with children during field trips, and host an end of the year party.
Employees at Moneta will also be encouraged to volunteer their time and participate in weekly reading sessions with the preschoolers from low-income families.
“We are thrilled to partner with Moneta,” said Lisa Greening, Executive Director of Ready Readers. “With their support, we will prepare our youngest children from our lowest income communities in St. Louis to become strong, active readers. Because kids who read, succeed in school, work and life.”
In addition to these Strategic Partnerships, throughout 2018, Moneta Momentum will distribute an additional $50,000 among six employee-selected and volunteer-based causes.
Moneta’s support of these organizations is just another example of the firm’s corporate stewardship. Through individual gifts of its partners and employees, its participation in numerous nonprofit boards and the work of the Moneta Charitable Foundation, the firm contributes its time, talent and treasure to the organizations working hard to make St. Louis a happier, healthier place.