Helen D. Groome Beatty Trust Awards $20,000 Grant to UNCF
Grant to Assist College Students from Pennsylvania Area Prepare for Careers
(PHILADELPHIA) – The Helen D. Groome Beatty Trust, administered by BNY Mellon Wealth Management, recently awarded a $20,000 grant to the Philadelphia local office of UNCF (United Negro College Fund) to support career readiness for college students from the Greater Philadelphia area.
While the BNY Mellon Foundation of Southwestern Pennsylvania has supported UNCF’s higher education initiatives in Pittsburgh over the years, it marks the first time the Philadelphia Area Office of UNCF has received support from the Beatty Trust, forging a new partnership that will help deserving students make it to and through college.
“We are excited to have the generous support of the Helen D. Groome Beatty Trust through BNY Mellon Wealth Management and look forward to a fruitful partnership that will create better futures for our students, and in turn, for us all,” said Renetta E. Holloway, UNCF Development Director with the Philadelphia office. “We could not do the work we do in helping deserving students make it to and through college—and be adequately prepared for 21st century careers—without the support of our donors.”
The funds are restricted to support initiatives designed to help college students from Southeastern and Central Pennsylvania, Delaware and Southern New Jersey to prepare for careers. These initiatives include career coaching for professional development; recruitment support and additional opportunities for area students to attend the annual UNCF Student Leadership Conference in the summer of 2016; and UNCF’s targeted outreach to select historically black colleges and universities (HBCUs) informing them of the various internships and fellowships UNCF offers through its corporate partners.
“For decades BNY Mellon has supported a wide range of workforce development programs, including those at UNCF chapters seeking to improve access to education and employment,” said Senior Wealth Manager Sigrid E. Lundby of BNY Mellon Wealth Management. Lundby, who chairs the BNY Mellon Mid-Atlantic Charitable Trusts, added that “one of the charitable purposes of the Helen D. Groome Beatty Trust is to support education, and we’re delighted to partner with UNCF’s Philadelphia office to equip local youth with the skills they need to succeed in college and pursue careers in financial services.”
BNY Mellon Wealth Management is a leading wealth manager, and was named in 2016 by Family Wealth Report as the top U.S. Private Bank. Barron’s ranked it the seventh largest U.S. wealth manager in 2015. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs and endowments and foundations. It has $191.2 billion in total private client assets, as of March 31, 2016, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information, go to bnymellonwealthmanagement.com or follow them on Twitter @BNYMellonWealth.
UNCF, the nation's largest private provider of scholarships to minority students, provides operating support to 37 private, member HBCUs and awards more than 10,000 scholarships a year to students attending more than 1,100 colleges and universities across the country. The UNCF Philadelphia local office provides scholarship assistance to students from Pennsylvania, Delaware and Southern New Jersey and raises funds to support UNCF's 37 member HBCUs. During the 2014-2015 academic year, nearly $1.1 million in UNCF scholarship support was distributed to students from Philadelphia and Pittsburgh.
UNCF (United Negro College Fund) is the nation's largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students' education and development through scholarships and other programs, strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically black colleges and universities are highly effective, awarding nearly 20 percent of African American baccalaureate degrees. UNCF awards more than $100 million in scholarships annually and administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste.”® Learn more at UNCF.org or for continuous updates and news, follow UNCF on Twitter at @UNCF.