We believe that successful companies are only as strong as the communities in which they operate. Our citizenship platform aims to empower our employees, our portfolio companies, and our Firm to help create healthier, more resilient communities.
Being an engaged and responsible corporate citizen is important to KKR. Our philanthropic reach and citizenship activities encompass our Firm, our employees, and our portfolio companies. Our aim is to create vibrant workforces and support thriving communities.
Launching the KKR Relief Effort
Since launching our citizenship platform in 2016, we have defined our focus and strengthened our commitment to the communities we share. However, the COVID-19 crisis is new in both the scale and depth of its impact across the global economy, local communities, and our personal lives. As such, we recognize that our efforts must be more strategic and impactful than ever before.
In April 2020, through commitments from our firm, leadership and employees, we launched the $50 million KKR Relief Fund to support those most impacted by the crisis and the resulting economic dislocation. We aim to be part of the solution to the challenges facing our shared communities through four key pillars: supporting portfolio company employees; engaging our employees as leaders and change-makers; assisting small businesses; and providing strategic grants and partnerships. The KKR Relief Fund will make strategic community grants across three areas: supporting communities, creating meaningful opportunities, and helping our heroes. Learn more about our approach here.
Supporting portfolio company employees
In 2020, we offered employees an integrated set of offerings, including health care, financial coaching, mental health support, and job outplacement services, where needed. Learn more here.
Engaging our employees as leaders and change-makers
Our people are our biggest asset, which is why we support not only their career development but also their desire to create positive social impact. We used a portion of the COVID-19 Relief Effort funding to better incentivize and support our employees as leaders and change-makers in their communities. We did this by evolving existing offerings and creating new opportunities, including a raised match ceiling and double match opportunities for COVID-19-related causes. More information below.
Assisting small businesses
KKR Small Business Builders supports entrepreneurs and their small businesses worldwide. Our grants are designed to help business owners sustain their enterprises, maintain or create jobs, and spur economic opportunity as they respond to the ongoing COVID-19 crisis and recover from its resultant economic dislocation. Learn more here.
Providing strategic grants and partnerships
The KKR Relief Fund makes strategic nonprofit grants across three areas: supporting communities, creating meaningful opportunities, and helping our heroes. Learn more about our approach here.
Deepening Our Employees’ Impact: KKR Cares
Our people are our biggest asset, which is why we support not only their career development but also their desire to create positive social impact. Through four components of the KKR Cares platform, we offer opportunities that encourage and inspire employees as they engage with nonprofits and their communities.
KKR Employee Matching Gift Program
The KKR Employee Matching Gift Program matches employee donations to eligible nonprofit organizations. In 2020, we increased the matching ceiling to $8,000 per employee annually and offered a two-to-one match for all COVID-19 and equality-focused giving. We also expanded this offering in 2019 to match major donations from our Firm’s Partners. Since 2017, the firm has matched more than $8 million for a total of more than $16 million to nonprofit organizations.
KKR 40 for 40
KKR 40 for 40 provides employees 40 hours of paid time annually to volunteer with community projects and nonprofit organizations that are meaningful to them. We are proud that more than 700 employees have volunteered more than 20,000 hours since 2016 through KKR 40 for 40. To introduce our employees to volunteer opportunities, we host Nonprofit Networking Events and lunch-and-learn sessions with community leaders. During 2019, we offered more than 75 events globally.
Nonprofit Board Service Opportunities
We connect KKR executives with nonprofit board service opportunities relevant to their personal and professional interests. Since 2015, we have placed more than 120 employees on nonprofit associate and governing boards across the Americas and Europe.
Pro Bono Consulting and Technical Services
Through our technical assistance programs, our employees use their talent and passion to help social entrepreneurs and visionary nonprofit leaders solve problems, scale efforts, and measure impact. Building on years of pro bono experience, in 2020, our employees mentored small businesses that have received a grant from KKR, helping them to weather this turbulent time.
2020 ESG, Impact, and Citizenship Report