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Circle Launches Foundation to Boost Financial Resilience and Inclusion

According to the company’s official statement, the Circle Foundation will leverage its Pledge 1% equity commitment to aid CDFIs and strengthen global humanitarian finance systems.

Summary

Circle officially announced the launch of the Circle Foundation, funded by its Pledge 1% equity commitment, to promote financial resilience and inclusion across the US and globally. The foundation will provide grants and forge partnerships to support Community Development Financial Institutions (CDFIs) serving US small businesses, while working to modernize humanitarian financial infrastructure worldwide. This reflects Circle’s commitment to deploying company resources for broader social impact.

Terms & Concepts
  • Pledge 1%: A corporate social responsibility initiative where companies commit 1% of equity, profit, product, or employee time to charitable causes.
  • Community Development Financial Institutions (CDFIs): Specialized organizations that provide financial services to underserved communities, aiming to promote economic growth and inclusion.
  • Humanitarian aid infrastructure: Systems and resources used to deliver emergency assistance and development support in crisis-affected areas.