Seguros Múltiples, FHLBNY fund nonprofits driving local devt
The Cooperativa de Seguros Múltiples (CSM) has awarded $50,000 in donations to five nonprofit organizations and cooperatives in partnership with the Federal Home Loan Bank of New York (FHLBNY).
The effort is part of the Small Business Recovery Incentive Program, which supports local entities that promote community resilience and entrepreneurship, officials said.
“At Cooperativa de Seguros Múltiples, we firmly believe in the transformative power of cooperation,” said Yamil J. García-Díaz, president of CSM.
“At Cooperativa de Seguros Múltiples, we firmly believe in the transformative power of cooperation,” said Yamil J. García-Díaz, president of CSM. “These donations are an example of how, with strategic alliances and a vision of solidarity, we can directly support those who sustain our communities and contribute to the local economy.”
“As a cooperative, we’re proud to share our financial strength in initiatives that promote economic development with a human purpose,” he added.
The beneficiary organizations are Luz de Amor Association for the Blind Inc., Santa Luisa Center, Ven-Rose Health House Foundation, Vainilla Coop and the Bucarabón Foundation. The funds will help them maintain essential operations, acquire equipment and support payroll costs.
