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Ameriprise Financial Awards $1 Million in Grants to Nonprofits

Minneapolis(November 26, 2008) — Ameriprise Financial, Inc. (NYSE: AMP) recently completed the second of three funding cycles for 2008, awarding more than $1 million to nonprofit organizations. Fifty-seven grants were made under the company's three funding platforms: Meeting Basic Needs, Supporting Community Vitality and Volunteer Driven Causes. Read more

Commentary
Dan Laufenberg, Chief Economist, Ameriprise Financial

Economic Perspective
Dan Laufenberg, Chief Economist, Ameriprise Financial

The recession is most likely underway and is expected to be about average in length and severity. However, even an average recession will feel worse than anything experienced in over three decades because the two recessions during that period were shorter and less severe than average. Also, if this is an average recession, it will end next summer. Read more.

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