BNY Mellon Contributes More Than $3.5 Million and 6,000 Hours of Volunteer Service to Boston-area Nonprofits During 2013
Dec 20, 2013
BOSTON, Dec. 20, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, and its employees donated more than $3.5 million and 6,000 hours of volunteer service to Boston-area nonprofits during 2013.
BNY Mellon's philanthropic focus is on helping people in need by concentrating on basic needs and workforce development opportunities. BNY Mellon supports programs and initiatives that make local communities better places to live and work, particularly by targeting organizations that provide food, clothing, energy and housing assistance to those who need immediate help, and improve access to employment through job training and skills development.
"We are committed to helping our community partners drive positive change and help their populations stay connected to critical programs and services," said Joanne Jaxtimer, Regional Executive of New England for BNY Mellon. "We believe in building strong, lasting community partnerships, and we will continue to identify good partners and provide them with the investment they need to move forward with their work."
For 2013, funding to Boston-area nonprofits included:
- Food and Shelter – More than $623,500 directed towards programs that provide clothing for youth, temporary and permanent housing for homeless individuals and families, nutritional education, food stamp access, and the distribution of meals.
- Education – More than $1,124,000 to support programs that improve high school graduation rates of students; mentoring programs that provide meaningful relationships to at-risk in-school youth including youth transitioning out of foster care; youth internship programs; and scholarship assistance for low-income students.
- Workforce Training – More than $602,000 to support programs that offer skills training for multiple entry points into industries including culinary arts, information technology, healthcare janitorial services and office positions; resume building, job readiness training and professional certification for individuals entering workforce for the first time; and a pre-professional development program for undergraduates.
- Veterans Initiatives – More than $40,000 to support employment and training programs for returning servicemen and women to successfully transition back into civilian life; support for military families to pursue educational training, licensing and certification to increase employability; and housing assistance to prevent homelessness among the veteran population.
BNY Mellon also provided approximately $30,000 to local arts and cultural organizations to improve access to their programs and performances for students and audiences.
In 2013, BNY Mellon and its employees volunteered close to 90,000 hours and donated more than $34 million, including more than $1 million to disaster relief organizations around the world. The company's disaster relief support included a $350,000 donation to help victims of Typhoon Haiyan in the Philippines and a $150,000 gift to help those most affected by the Boston Marathon attacks.
Learn more about the company's world-wide commitment to social responsibility at www.bnymellon.com/csr.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of September 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration, and $1.5 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
Joseph F. Ailinger Jr.
SOURCE BNY Mellon