Historic gift from Guaranteed Rate will catalyze Project Healthy Minds’ development of the world’s first free, digital mental health marketplace amid record-high rates of anxiety, depression, and suicidal ideation among Millennial and Gen Z communities
NEW YORK–(BUSINESS WIRE)–Project Healthy Minds, a Millennial and Gen Z-driven mental health non-profit, and Guaranteed Rate, a leader in retail mortgage lending and digital financial services, today announced that $1,802,391 was raised during Guaranteed Rate’s first-ever Mental Health Week to benefit Project Healthy Minds. The funds raised will accelerate Project Healthy Minds’ development of the world’s first free digital mental health marketplace—making it easier for Americans to find the help they need.
“In America, 65 million people have been diagnosed with a mental health condition and 60% of them don’t get the help they need,” said Phillip Schermer, Founder and CEO of Project Healthy Minds. “Thanks to Guaranteed Rate’s overwhelming generosity, Project Healthy Minds will be able to transform the mental health category and help tens of thousands of people find the life-saving mental health support that they desperately need.”
Guaranteed Rate’s Mental Health Week took place from Nov. 15-19 as part of its ongoing #GuaranteedLove charitable initiatives. As the global coronavirus pandemic has had a significant negative impact on mental health, the mortgage lender wanted to focus on supporting organizations working to address the challenge.
“We chose to support Project Healthy Minds because they’re building technology to close the mental health treatment gap by making it as easy for users to find help online as it is to order an Uber,” said Guaranteed Rate President and CEO Victor Ciardelli.
The growing mental health crisis, which was already at epidemic levels pre-pandemic, is now a center-stage issue. Fifty-one percent (51%) of respondents to Project Healthy Minds’ 2020 State of Mental Health Survey said the pandemic made it harder to get mental health services and support.
Guaranteed Rate’s Mental Health Week featured daily discussions with expert guest speakers and company ambassadors, including UFC champion Rose Namajunas, pro golfer Patrick Cantlay and Dr. Ray DePaulo, Co-Director of the Mood Disorder Center at Johns Hopkins and Medical Advisor to Project Healthy Minds. These live sessions addressed mental health topics such as nutrition, movement and recovery, and mindfulness practices. Recordings of the sessions are available here.
The fundraising initiative gave 100% of donations directly to mental health programming, with Guaranteed Rate matching three dollars for every one dollar donated. The efforts raised money for Project Healthy Minds, as well as Wounded Warrior Project and the American Foundation for Suicide Prevention.
About Project Healthy Minds
Project Healthy Minds is a millennial-driven mental health nonprofit building the first digital mental health marketplace to democratize access to life-changing services, partnering with public figures to destigmatize mental health, and creating standards for businesses to better support employee mental health.
To learn more, please visit: www.projecthealthyminds.com
About Guaranteed Rate Companies
The Guaranteed Rate Companies includes Guaranteed Rate, Inc., one of the top 5 retail mortgage lenders in the United States, Guaranteed Rate Affinity, LLC, and Proper Rate, LLC. Headquartered in Chicago, Guaranteed Rate Companies combined funded over $73 billion in 2020 and have more than 10,000 employees in over 850 offices across the United States. Founded in 2000 and located in all 50 states and Washington, D.C., Guaranteed Rate has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. In 2017, the company launched Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. In 2020, the company launched Proper Rate, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and @properties, one of the nation’s largest residential brokerage firms. Collectively, the Guaranteed Rate Companies have earned numerous honors and awards including: Forbes Advisor’s Top 10 Mortgage Lenders for 2021; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; 2018 Top Lender for Online Service by U.S. News & World Report; HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashCloseSM technology; No. 3 ranking in Scotsman Guide’s 2021 list of Top Retail Mortgage Lenders; Chicago Agent Magazine’s Lender of the Year for six consecutive years; and Chicago Tribune’s Top Workplaces list for seven consecutive years. Visit rate.com for more information.