The wildfires that blazed across California for two weeks this fall were the most destructive in state history. The northern California Camp Fire alone burned more than 14,000 structures and displaced more than 50,000 people—many from low-income communities.
The firm has committed $50,000 from the Bain Capital Relief Fund to two organizations – Baby2Baby and the North Valley Community Foundation, both of which are supporting people who have lost homes and suffered devastating economic consequences as a result of the wildfires.
More about Baby2Baby and the North Valley Community Foundation
Baby2Baby partners with shelters, Head Start programs, foster care programs, and other nonprofits in 29 cities across the US to provide low-income children with diapers, clothing and other basic necessities. Baby2Baby is also a valued partner of TOMS, a Bain Capital Private Equity portfolio company, which provides them with shoe and clothing donations to give to children in need.
Baby2Baby is also raising funds to support victims of the wildfires by creating donation registries on Amazon, Target, and other sites so individuals can provide direct support. Since 2017, Baby2Baby has donated 6.4 million products to children in post-disaster situations.
The North Valley Community Foundation (NVCF) is based in Chico, CA, which was a hub of support for displaced people who were affected by the Camp Fire. NVCF is using its deep, on-the-ground knowledge to direct money to local nonprofits that are offering short-term direct services to evacuees as well as longer term reconstruction support. NVCF has directed donations to schools to support displaced students, legal aid organizations, the Humane Society, and others, based on specific requests for support.
About the Bain Capital Relief Fund
The Bain Capital Relief Fund was launched in 2017 and serves as an ongoing vehicle through which the firm can quickly and effectively deploy philanthropic dollars to organizations delivering humanitarian relief and ongoing reconstruction assistance to those affected by disasters. The Bain Capital Relief Fund was created after many years of employee-driven giving in the aftermath of natural disasters, including Hurricane Katrina and Hurricane Sandy, the 2010 earthquake in Haiti, the 2011 tsunami in Japan and the Boston Marathon bombing.
The Bain Capital Relief Fund was created after many years of employee-driven giving in the aftermath of natural disasters, which was supported by the Bain Capital Community Partnership. In its first year, the Relief Fund has provided more than $450,000 to nonprofit organizations supporting relief and reconstruction after natural disasters. It builds on Bain Capital’s commitment of time, expertise, and resources to a wide array of nonprofit organizations around the world since the firm’s founding.