Maxine Baker, former vice president of community relations for Freddie Mac, has taken over as president and chief executive officer of the Freddie Mac Foundation, the Washington Post reports.
Baker has worked for Freddie Mac, formerly known as the Federal Home Loan Mortgage Corp., since 1982. She believes the corporation has a moral obligation to give back to the community it serves, the Post reports.
“I think it’s important for corporate presence, corporate citizenship, employee morale,” she told the Post. “We have a leadership responsibility as employers in this region.”
This year, the foundation will give out $18 million in three areas: child abuse prevention, foster care and adoption, and the Wednesday’s Child program, which is shown on television on Wednesdays and Sundays and features children who are hard to place and available for adoption.
The Freddie Mac Foundation has given out about $67 million since it was established in 1990, the Post reports.