The company released its annual Impact Report Thursday, which is World Mental Health Day.
Foundation’s annual Impact Report that spotlights the foundation’s achievements in advancing its mission to make mental health a priority in every community.
Since 2017, Saks and the Saks Fifth Avenue Foundation have invested more than $8 million in U.S. mental health initiatives that reached more than 13 million individuals with messages that combat the shame and stigma surrounding mental health struggles, and funded nonprofit partners that directly served more than 700,000 people with mental health care. The foundation also funded 19 research projects, unlocking $13 million in additional federal research grants.
For the third year in a row, the foundation is providing grants totaling $250,000 to support 10 nonprofit organizations serving the mental health of underserved communities in need, with a focus on youth, women, communities of color and the LGTBQ+ community. The foundation identified the grantees through an open application process that launched during Mental Health Awareness Month last May. Saks received three times the number of applications than in prior years, which were reviewed and selected by a committee of cross-functional Saks employees.collection.
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