For one day in December, ALL revenue and commissions from ICAP's worldwide offices are distributed to charities. Since ICAP is driven by revenues and commissions, every single employee works a 10-hour day (at least) and all of their hard work goes straight to the charities.
Each regional ICAP office nominates charities they wish to support. Those charities can range from organizations with a national reach to local charities that help fulfill a specific need. These organizations typically change from year to year in order to further expand impact.
The selection process is based on how the charity uses donations to make a direct impact on the community and world at large. In 2007, ICAP made a donation to the Arnold Palmer Medical Center where the Arnold Palmer Hospital for Women and Children and the Winnie Palmer Hospital for Women and Babies are located.
This year, as the golf world celebrates Arnold's 80th birthday, the hospital celebrates two decades of service. During the last 20 years, the Arnold Palmer Medical Center has delivered more than 186,000 babies, cared for more than 26,000 of those babies in its Neonatal Intensive Care Unit and treated more than 1.5 million patients. The Medical Center was named thePGA TOUR Charity of the Year in 2009.
Mr. Palmer will be representing his namesake Medical Center on the trading floors among other celebrities. Some of the prior NY attendees have included figures such as JonBon Jovi, Michael J Fox, Denzel Washington, Joe Torre, Yogi Berra, Katie Couric, Heather Graham, Jorge Posada, Steve Buscemi, John McEnroe, Harry Carson, David Blaine, Mary Louise Parker, Joe Montana, Anna Kornikova, Jeff Gordon, Stanley Tucci, Mat Dillon, Amy Adams, Julianne Moore, Meryl Streep and President Clinton to name a few.
More information on ICAP and Charity Day can be accessed at www.icap.com.