Other initiatives


Specific donation trusts

In order to create conditions for supporting public interest corporations, authorized NPOs, and other leaders of the "New Public," the fiscal 2011 tax system revision included the establishment of the "Specific Donation Trust" system to encourage individuals to use trusts to make charitable contributions. MHTB, therefore, began in March 2012 to handle new products that invest and manage funds entrusted by customers, and make annual contributions of principal and investment income to public interest corporations and other beneficiaries.

Initiatives related to LGBT and other gender minorities

Along with rising care and concern in society about LGBT* minorities, in the housing loan area, Mizuho has made arrangements to treat partners of the same gender as dependents. Also, through Multifunctional Safety Trust, Mizuho has introduced products and services that enable customers to specify their partners of the same gender as asset recipients.

*   LGBT is an acronym for lesbian, gay, bisexual, and transgender, and here also includes all other non–heterosexual sexual orientations and non–binary gender identities.

Further Expansion of Housing Loan Accessibility for Customer

Financing for NPOs engaged in affordable housing development in the U.S.

The U.S. Community Reinvestment Act (CRA) encourages financial institutions to work in partnership with state and local governments and community–based organizations to provide financial services to all members of a community. In line with the CRA and the Mizuho Financial Group's commitment to leveraging its financial expertise to address societal needs, Mizuho Bank's U.S. commercial bank subsidiary, Mizuho Bank (USA), regularly provides community development loans, investments, grants, and services to innovative nonprofit organizations that work to strengthen low and moderate income neighborhoods of New York City, where the bank is headquartered.

Mizuho Bank (USA) has a robust portfolio of community development loans and investments supporting the creation and preservation of affordable housing and the provision of primary healthcare and other services. One of Mizuho Bank (USA)'s longtime community development clients is Breaking Ground, a supportive housing agency that provides exceptional affordable housing and supportive service programs impacting nearly 9,000 homeless and other vulnerable New Yorkers every year. Over the past 31 years, Breaking Ground has renovated, developed, and/or managed 25 buildings benefiting people in need. Mizuho has provided a line of credit to Breaking Ground since 2002, which has helped facilitate the creation of 2,600 units in nineteen buildings financed through public–sector sources. Mizuho Bank (USA) is proud to support nonprofit clients like Breaking Ground who have such a positive social impact on our local communities.

In addition, the bank's corporate foundation, the Mizuho USA Foundation, makes charitable grants for initiatives that contribute to the strength and vitality of urban neighborhoods. Mizuho staff provide volunteer assistance by serving on nonprofit boards and committees, or through skills–based and hands–on activities. Mizuho Bank (USA) has consistently received an outstanding CRA rating from federal and state banking regulators.

Breaking Ground's Edwin Place Residence provides housing and onsite supportive services for formerly homeless individuals and families. A Mizuho loan helped Breaking Ground finance the project costs.

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