Neuberger Berman commits to develop a school partnership framework with Frederick Douglass Academy II (FDA II) for a one-year time period beginning October 2015 through October 2016 where employees can offer their time and talent. Neuberger Berman will partner with FDA II, a public school located in West Harlem serving 400 students in grades 6-12, with 80 students in the middle school.
Neuberger Berman will provide a grant of $20,000 to Pencil for assisting with facilitating the program and Neuberger Berman employees will be engaged through a variety of volunteer activities with students, families of students, and FDA II staff. Staff will provide 250 volunteer hours over the time period and will engage in the below activities.
- College & Career Awareness: job shadowing, career days, college essay reviews, financial aid forms assistance
- Academic Enrichment: tutoring, mentoring, financial literacy coaching
- School Resource Development: Pro-bono management, finance or technology expertise; trouble-shooting and counsel; professional development, marketing projects
- Community Support: beautification projects as needed; coordinate drives including clothing, holiday drives and other items needed by families, assist parents with career development including resume review nights and mock interviews
By October 2015, Neuberger Berman will have put together a committee overseeing this initiative. The committee will be chaired by two senior sponsors. Each Corporate Social Responsibility team member will be responsible for one of the three main areas of need: academic enrichment, school resource development, and community support. There will be two employee Team Captains a senior employee and a junior employee for each of the areas. Each of the individual program areas will have separate meetings with the school to assess what is specifically needed. The overall committee will meet quarterly.
In November 2015, a communication will be sent out announcing the partnership to the firm inviting employees to join committees.
In January 2016, an open house will be held at FDA II for all NB team captains.
From November 2015 to February 2016, 1-2 initial projects per area will be identified and executed.
By March 2016, Neuberger Berman will complete the following activities: develop a pro-bono project for whatever is needed to assist the principal and his staff; provide after-school tutoring and programming. The principal mentioned a huge need for marketing the school to future potential students. This will likely be the first pro-bono project.
By June 2016, Neuberger Berman will complete the following activities: host students for job shadowing at the Neuberger Berman office; assist with academic enrichment; host a panel about college and career awareness.
By October 2016, Neuberger Berman will conduct a school supply drive; provide after-school tutoring and programming; and assist parents with career development and other needs (resume review, etc).
Neuberger Berman aims to develop a school partnership framework to make an ongoing commitment in a public school where employees can offer their time and talent. Neuberger Berman will partner with Frederick Douglass Academy II (FDA II), a public school located in West Harlem.
Historically, Neuberger Berman supports and continues to support nonprofit partners that serve students from numerous schools and neighborhoods. The firm has never supported one singular school. As such, Neuberger Berman will be able to make a more focused and centralized impact on a student population and the community in which it is in.
Neuberger Bermans employees can provide support to students by demonstrating the importance of education and how it is applied to the real world. Extensive research was conducted along with many planning meetings with the partners and it has been concluded that Neuberger Berman can provide holistic support to students, staff, and parents alike. This partnership between the public school, a private asset management firm, and the other nonprofit partner will aim for measurable impacts through increased test scores, higher graduation rates, and increased attendance at school.