CME Group Foundation was created in 2008 with a $16 million endowment from the Chicago Mercantile Exchange Trust (CME Trust). CME Trust was established by the Chicago Mercantile Exchange (CME) in 1969, under the direction of its then chairman, Leo Melamed, to provide financial protection to customers in the event a CME member firm became insolvent or unable to meet its obligations to its customers. CME Trust received approval to distribute its net income to public charities in 2005. In addition to the Foundation's annual grant payout, CME Trust has made a contribution annually to CME Group Foundation for its grantmaking since 2008.
CME Group Foundation works to advance the economy by supporting education from cradle to career, primarily in the Chicago region. The Foundation partners with universities, school districts, charter networks and nonprofit organizations that work to:
The Foundation's current priorities are:
The CME Group Community Foundation provides charitable grants focused on meeting the needs of the global communities in which we live and do business.
In addition to disaster relief, the Foundation seeks to provide particular support to three areas of concern: children in need, education, and health and human services.
The CME Group Community Foundation is aided in these endeavors by members of our exchange community - members, member firm personnel, CME Group employees and board members - who want to participate in our charitable giving. Thanks to their support, we are able to make a lasting impact in our communities.
Terrence A. Duffy
Bryan T. Durkin
Phupinder S. Gill
Jill A. Harley
Hilda Harris Piell
Kristin K. Wood
President: Terrence A. Duffy
Treasurer: Jill A. Harley
Secretary: Meg Wright
The CME Group Community Foundation considers grant and donation requests related to the following four areas of concern: children in need, education, and health and human services. Organizations should provide services within the global communities where we live and do business.
All organizations requesting support must be tax-exempt under Section 501(c)(3) of the Internal Revenue Code.
Effective January 1, 2013, the CME Group Community Foundation will no longer be receiving unsolicited grant applications. Only organizations who have been invited to apply for funding will be able to submit an application. For any questions, please contact Nancy.Choi@cmegroup.com
CME Group is proud to offer a matching gift program for our members and employees to honor their involvement in the community. The CME Group Community Foundation Matching Gift Program provides us with an ongoing opportunity to support charitable causes and organizations valued by our members and employees. The company matches charitable gifts made by our members and employees to eligible non-profit organizations dollar-for-dollar, up to a total of $1,000 per individual each calendar year. By joining forces, we are able to help our members and employees double the impact of their charitable giving.
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The Assistance Fund was established in 2001, following the September 11 terrorist attack on the World Trade Center, as a public charity designed to provide disaster relief and hardship assistance for persons affiliated with the physical commodities industry. Funds raised are used to assist current CME, CBOT, NYMEX or COMEX member, an employee of a CME, CBOT, NYMEX or COMEX member, an employee of an exchange member firm, or a CME Group employee. Additionally, funds can also be used to assist the surviving spouse and/or dependents who require disaster relief or hardship assistance as a result of the untimely death or disability of one of the aforementioned members of the exchange community.
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