Hurricane Michael was one of the strongest storms ever to hit the Florida panhandle. Keeping with Bain Capital’s history of supporting communities in need following disasters, the firm has committed $100,000 from the Bain Capital Relief Fund to the Operation HOPE Disaster Fund, which is supporting economic recovery throughout the region.
Operation HOPE deploys financial disaster specialists to provide advice and support to people in vulnerable communities who have been affected by the storm – who may have lost their homes and cars, or lost jobs or their small businesses, and who may need to relocate. Their work helps these individuals and small businesses access resources needed to rebuild and to secure their futures.
More about the Operation HOPE Disaster Fund
15 years ago, Operation HOPE recognized that after every natural disaster comes a financial disaster, especially for families who are living without significant savings. In partnership with the Red Cross and FEMA, Operation HOPE’s certified financial disaster specialists provide in-person and virtual support on accessing federal grants, applying for small business recovery loans, filing insurance claims, negotiating with creditors and preventing home foreclosure, as well as other financial counseling services.
Operation HOPE has supported 1.2 million disaster survivors in 25 states and 55,000 small business owners as they have prepared to get back up and running. Operation HOPE’s post-disaster work builds on more than 25 years of experience equipping people with the financial tools and education needed to secure a better future. Operation HOPE partners with financial institutions, municipal agencies, and community organizations across the country to deliver personalized coaching to help clients make sound financial decisions.
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 Relief Fund made its first set of grants to support relief and reconstruction after the 2017 hurricanes in Puerto Rico. 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.