May 14, 2020 | Press Release
HQ Capital supports global COVID-19 relief efforts
Bad Homburg / Hong Kong / New York – May 14, 2020. HQ Capital kicked off its HQ Capital Gives Back! initiatives for 2020 with measures to support global COVID-19 relief efforts. Since its launch in 2017, HQ Capital Gives Back! initiatives have focused on partnerships and support for organizations meeting the needs of underprivileged and vulnerable populations in our local communities. In line with this global theme, each office has generously donated to the following organizations currently battling the devastating impact of COVID-19 on children, families, the elderly and homeless:
In Germany, we selected Children for a Better World (https://www.children.de/). Children for a Better World is a donation-financed children’s aid organization based in Munich. It was founded by Gabriele Quandt in 1994 to fight childhood poverty and create opportunities for children and youth to support their own communities. The initiative also involves children participating directly in multiple fields of charitable work, enabling them to take responsibility for their lives, their future and the society they live in. During the pandemic, Children for a Better World established an emergency fund to provide food vouchers, play packages, lessons at home, and digital tutoring to serve the 4,500 children and families associated with the program. HQ Capital’s donation will support this initiative and goes directly to a project for children in need in Frankfurt. The team previously supported Children for a Better World with a social day as part of HQ Capital Gives Back! in 2019.
In New York, we selected Urban Pathways (https://www.urbanpathways.org/) and the Food Bank for New York City (https://www.foodbanknyc.org/). Urban Pathways is a New York City based organization that provides housing, social services, and support to homeless New Yorkers with the goal of helping them to ultimately become self-sufficient. The homeless have been particularly affected by the pandemic, having no refuge from the virus or its rampant spread. Our donation will support Urban’s efforts to do as much as they can to ensure the safety of those they serve. Food Bank for New York City is the first organization we supported with our HQ Capital Gives Back! initiative and continues to be an essential hunger-relief program serving New York City. During this pandemic, Food Bank has taken proactive steps to safely provide food and other resources for the New Yorkers who rely on them. Our donation will be used to provide emergency food to vulnerable New Yorkers who may be quarantined, along with those impacted by the economic downturn.
In Hong Kong, we selected Oxfam Hong Kong (https://www.oxfam.org.hk/en). Oxfam Hong Kong dates back to 1976 when volunteers joined together to open a shop for second-hand goods in Hong Kong and raise funds for anti-poverty projects around the world. With the limited supply of masks and disinfectant, and the price of these items soaring in Hong Kong, the outbreak of the COVID-19 has placed an exponentially greater burden on vulnerable groups as many of them can no longer afford these products. To date, Oxfam has reached over 21,100 people and distributed masks, hand sanitizer and hand sanitizing wipes to street cleaners, the elderly, the visually impaired, those with mental illness, low-income families and ethnic minorities. To help keep Oxfam’s inventory well stocked, we purchased and donated 10,000 personal masks that will be used to protect the front-line workers and these vulnerable communities during this difficult time.
HQ Capital will continue to support its local communities through our HQ Capital Gives Back! initiative during the course of the year. In addition to the corporate donations per region, the team has also made private contributions and volunteered to support other charitable organizations fighting the effects of the pandemic.