PRNewswire
NEW YORK
(NYSE:BK)
Dec 16, 2009
Company's 'Powering Potential' Focus Targets Basic Needs and Workforce Development
NEW YORK, December 16, 2009 — BNY Mellon and its charitable foundation has distributed more than $1 million in fourth-quarter donations, benefiting many New York City-area nonprofit organizations. This year, approximately $5 million in grants were awarded to more than 200 New York nonprofits.
"BNY Mellon is working with our nonprofit partners and local agencies to address essential needs and areas of social distress in our communities by investing in comprehensive support services. These investments are critical to achieving stability for people in need," said Daisey Holmes, BNY Mellon's managing director of philanthropy for New York.
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.
Fourth-quarter funding recipients at the $50,00o -$100,000 level are:
Many additional community-based organizations addressing critical needs in the local area, including the Food Bank for New York City, also received funding.
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.