BNY Mellon Awards $550,000 to Pittsburgh-area Nonprofits
PITTSBURGH, Sept. 3, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has awarded $550,000 in grants to eight Pittsburgh-area nonprofit organizations. The grants were approved during the BNY Mellon Foundation of Southwestern Pennsylvania's summer meeting.
"Our philanthropic focus is on helping people in need by concentrating on basic needs and workforce development opportunities, and we are committed to investing in organizations that share our mission," said James P. McDonald, BNY Mellon's director of global philanthropy. "Our community partners provide critical services to the most vulnerable populations in the region and help strengthen our local communities."
The grant recipients are:
- Community Human Services – $50,000 to provide emergency housing assistance to 40 families that are unable to be placed in traditional shelters;
- East End Cooperative Ministry – $75,000 that will allow up to 80 individuals to participate in East End's Work Therapy program;
- Eastside Neighborhood Employment Center (ENEC) – $60,000 that will support ENEC's Youth Support Training and Employment Program for youth in foster care and allow ENEC to create an East End Employer Advisory Group;
- Homeless Children's Education Fund (HCEF)– $60,000 that will allow HCEF to offer educational services to 1,250 children at homeless shelters in Allegheny County and support HCEF's new Unaccompanied Youth Project, which will address the needs of youth under 25 who live on their own and lack a regular nighttime residence;
- Jewish Federation of Greater Pittsburgh – $100,000 that will allow United Jewish Federation to continue its support of the AgeWell Pittsburgh program for at-risk seniors and Squirrel Hill Food Pantry;
- Pittsburgh Public Theater – $50,000 to underwrite the Theater's education and outreach programs for the 2014-2015 season, including the Shakespeare Monologue & Scene Contest and Open Stage Student Matinee series;
- Program to Aid Citizen Enterprise (PACE) – $60,000 to support PACE's community based nonprofit capacity building program;
- Rebuilding Together Pittsburgh – $95,000 that will allow Rebuilding Together to provide repairs to at least 50 homes and support its project of renovating the homes of veterans.
BNY Mellon partners with nonprofits to improve the social and economic conditions where it does business and in the communities where its employees live and work. 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 June 30, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 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.
SOURCE BNY Mellon