NAREIT Corporate Member AvalonBay Communities, Inc. (NYSE: AVB) has announced its philanthropic plans for 2016. They include the company’s second contribution of $250,000 towards a commitment of $1 million to the American Red Cross.
The multifamily REIT plans to contribute another $1.3 million in cash and in-kind support to further the missions of non-profit organizations focused on providing affordable housing and supporting local communities. In 2015, AvalonBay contributed more than $1.1 million in corporate funding and in-kind donations and supported more than 55 non-profit organizations.
(Contact: Sarah Borchersen-Keto at firstname.lastname@example.org)