PRNewswire
BOSTON
(NYSE:BK)
Dec 16, 2009
Company's "Powering Potential" Focus Targets Basic Needs and Workforce Development
BOSTON, December 16, 2009 — BNY Mellon has distributed more than $700,000 in fourth-quarter grants, benefiting a number of New England-area nonprofit organizations. This year, approximately $2 million in corporate and trust grants were awarded to about 50 area nonprofits.
"Our philanthropy program centers on investments that help build strong, lasting community partnerships," said Joanne Jaxtimer, managing director of BNY Mellon's philanthropy efforts in New England. "Our goal is to support organizations and activities that drive positive change where it is needed most."
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.
The current grant recipients are:
BNY Mellon has nearly 3,000 employees in greater Boston, 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.