In Pittsburgh, $250,000 to be awarded to local nonprofits helping youth transition out of foster care

PITTSBURGH, November 8, 2010 — BNY Mellon, the global leader in asset management and securities servicing, today announced that it is launching a $6 million global workforce development initiative over five years to assist vulnerable youth making the transition into adulthood. With this investment, BNY Mellon will collaborate with leading public and non-profit agencies in the United States, United Kingdom and Asia, to enhance education, job training and career development opportunities.

It's estimated that more than 25,000 young people in the U.S. annually move out of foster care when they reach 18, including more than 300 in Southwestern Pennsylvania.

In the first year of the program, BNY Mellon will provide approximately $250,000 to four Pittsburgh-area non-profit organizations to enhance programs for youth transitioning into adulthood from foster care. Research shows that these individuals are at greater risk for unemployment, poverty and homelessness.

"This focused initiative is designed to help young people transition out of foster care into life-long independence and success," said James P. McDonald, BNY Mellon's director of global philanthropy. "It is a perfect fit with our Powering Potential philanthropic focus, which dedicates targeted support and assistance to those most in need."

Selected for their positive histories of providing targeted support to youth in or emerging from foster care, BNY Mellon's partners in the Pittsburgh region, include:

• Auberle has been caring for and healing abused, neglected and troubled children throughout southwestern Pennsylvania for more than 50 years.
• Familylinks provides integrated family-centered services focused on behavioral, social and developmental health issues, helping individuals and families become strong for life.
• Family Services of Western Pennsylvania helps individuals and families foster the capacities to direct their own lives, promote recovery and resiliency, and create a productive, caring community.
• Holy Family Institute helps thousands of children and families with community and residential programs to become productive and independent citizens who will enrich their communities and future families.

The new initiative is part of BNY Mellon's five-year, "Powering Potential" program, the company's philanthropic focus on helping people in need by concentrating on basic needs and workforce development. To learn more about BNY Mellon's commitment to corporate social responsibility, visit www.bnymellon.com/csr.

BNY Mellon has roughly 7,400 employees in Pittsburgh.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon 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 $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.