PRNewswire
PITTSBURGH
(NYSE:BK)
Dec 16, 2009
Company's "Powering Potential" Focus Targets Basic Needs and Workforce Development
PITTSBURGH, December 16, 2009 — BNY Mellon has approved more than $900,000 in fourth-quarter 2009 grants benefiting several Pittsburgh-area nonprofit organizations. This year, nearly $2.9 million in grants were awarded to about 50 regional nonprofits through the BNY Mellon Charitable Foundation. Through a combination of these grants, along with sponsorships and company support for employees' volunteer and fundraising efforts, the company contributed approximately $4.8 million throughout the region this year.
"We work with our community partners to provide assistance to those who need immediate help and also invest in programs designed to improve access to employment. Our charitable giving is about lifting others by investing in their potential and helping them realize their dreams," said James P. McDonald, president, BNY Mellon Charitable Foundation.
Powering Potential, BNY Mellon's charitable giving focus, is designed to help others in need by concentrating on basic needs and workforce development. BNY Mellon works with community partners to provide food, clothing, energy and housing assistance to those who require immediate help. The company's workforce development investments are designed to improve access to employment through job training, education, mentoring and skills development.
Among the current grant recipients are:
BNY Mellon has nearly 7,000 employees in the Pittsburgh, supporting the firm's securities servicing, asset management and wealth management businesses. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at bnymellon.com.