Corporate Social Responsibility
CSR Annual Report
In our inaugural CSR Annual Report, we highlight our global impact – from the long-term success of Celebration with Service and partner highlights, to some of our more recent efforts in response to COVID-19 as well as racial and social injustice.
Positively impacting our community
A commitment to service is fundamental to our culture. Whether it is our clients, our colleagues, or our communities, we have dedicated ourselves to leveraging our skills, experience and resources to make a positive impact. Since we re-emerged as an employee-owned firm just over a decade ago, we’ve volunteered 56,000 hours, worked with 15,000 children, served 20,000 meals and beautified hundreds of community spaces around the world.
The Neuberger Berman Foundation
The Neuberger Berman Foundation is committed to helping at-risk children and youth achieve their potential through educational enrichment and support programs that promote academic success, independence and economic sustainability. Through our grantmaking, we partner with best-in-class organizations, contributing over $1.0 million annually, as well as our time and talents through employee volunteerism.
Strategic Community Partnerships
While we volunteer with nearly 90% of our grantees globally, three of our key community partners receive the highest level of service from our employees—allowing us to create a positive, critical impact on these organizations and the children they serve.
The Association to Benefit Children (ABC) is a "best-in-class" organization dedicated to fostering academic readiness and life preparedness for disadvantaged children and their families through comprehensive services designed to permanently break the cycle of poverty. ABC receives significant funding from the Foundation and has welcomed hundreds of Neuberger Berman employee volunteers throughout our longstanding collaboration.
Frederick Douglass Academy II (FDA II) is a public school in Harlem that seeks to provide predominantly low-income students with an educational foundation that will enable them to succeed and thrive in and beyond college.
Our alliance focuses on academic enrichment in mathematics; college and career awareness; personal finance literacy; and developing leadership skills. The Neuberger Berman/FDA II Presidents Club recognizes students with strong test scores and high levels of school attendance. Students enjoy one-on-one job shadow opportunities, leadership-building activities and an annual lunch with Joe Amato (President and Chief Investment Officer – Equities). The Financial Fitness Club was started to give students a high level overview on personal finance. Students learn about financial wellness topics, including budgeting, saving, spending and basics on investing.
Fiver Children’s Foundation is a comprehensive youth-development organization that makes a ten year commitment to children from underserved communities throughout the New York area. Through summer and year-round programming, Fiver empowers children to make healthy decisions, become engaged citizens, and succeed in school, and beyond. Since 2015 NB employees have teamed up with Fiver to create “Fiver Investment Camp”, a signature afterschool financial education program taught by NB volunteers - covering everything from “smart spending” to “money and the economy” to “stocks and bonds”. The Camp ends with a stock market game where Fiver students can put their learning into practice and increase their exposure to the world of investing.
Annual Celebration with Service
Each May, we celebrate the anniversary of our reemergence as an independent company with a global “Celebration with Service”—a week of volunteer projects during which we use our talents to benefit others.
- Over 11,000 volunteers—employees, their family members and friends—have participated in projects in Atlanta, Beijing, Boston, Chicago, Dallas, Dubai, Frankfurt, the Hague, Hong Kong, Houston, Los Angeles, London, Milan, Melbourne, New York, San Francisco, Seoul, Shanghai, Singapore, Sydney, Taipei, Tokyo, Toronto, West Palm Beach, and Wilmington.
- Volunteers have engaged with more than 9,000 children, working on a variety of projects including: reading, helping with homework, making arts and crafts and enhancing computer skills.
- Over 7,000 collective hours to beautify our local communities by painting public schools in need, cleaning local parks and gardens and sprucing up community centers.
- Over 2,000 students and adults have enhanced their job search skills through resume building and mock interviews.
- More than 3,000 employees have taken part in other community projects, such as spending time with seniors, caring for cats and dogs at a local animal shelter, sorting donated clothes for the less fortunate and helping adults in need with evening community programs.
Below are a few of the high-impact nonprofit organizations we partner with throughout the year: