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Gloomy market trends have collapsed. So, are investors less gloomy about the economy?
Through our philanthropic activities, Neuberger Berman seeks to positively impact our community, employees and clients. Our programs leverage the firm's resources, including Foundation and corporate grants, in-kind donations, employee expertise, volunteerism and nonprofit board service. It is at this intersection of leadership, expertise, funding and engagement where our impact is greatest.
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.
We seek to partner with high-quality organizations that offer programs to:
We drive our mission and extend the effectiveness of Foundation grant-making by leveraging the time and talent of Neuberger Berman employees in the greater New York area and other cities where there is a significant employee presence. This translates to working directly with children through mentoring, tutoring and job readiness coaching, as well as providing pro bono assistance to nonprofit staff to increase their capacity to serve their clients.
While we volunteer with over 75% 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.
Each year, Neuberger Berman employees package and hand out full Thanksgiving meals to families of the ABC community.
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. Launched in 2015 under the leadership of a committee of dedicated employees, and in partnership with pencil - our alliance focuses on three major areas prioritized by the school: college and career awareness; academic enrichment in mathematics; and school resource development. In 2016, Neuberger Berman was the proud recipient of pencil’s “Emerging Partnership Award” due to our work with FDA II.
In 2016, Neuberger Berman was awarded with PENCIL’s Emerging Partnership Award due to our work with Frederick Douglass Academy II.
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.
A Neuberger Berman employee leads a financial literacy lesson to Fiver students.
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 the past eight years:
Environmental issues are important to us—both in terms of how we as a firm impact the environment and what we can all do individually in our business and personal lives. Our efforts to be more environmentally conscious have also focused on integrating our employees’ suggestions into our everyday business. Some of our “green” initiatives include:
Neuberger Berman maintains a Socially Responsive Fund with the belief that good corporate citizenship is a driver of good business. This fund allows investors to support socially responsive businesses.
Neuberger Berman is also a signatory to the Principles for Responsible Investment, the Carbon Disclosure Project (CDP), the CDP's Water Disclosure Project and the Forest Footprint Disclosure Project.
A team of volunteers help beautify a school playground with Teach for America
Below are a few of the high-impact nonprofit organizations we partner with throughout the year:
Pajama Program provides new pajamas and books to children in need, many of whom are waiting to be adopted. These children live in group homes, shelters and temporary housing facilities and are often shuffled from one place to another. These two simple gifts of pajamas and books let the children know that someone cares – sometimes they are the only new things they have ever received.
Henry Street Settlement was founded in 1893 by social work and public health pioneer Lillian Wald and based on Manhattan's Lower East Side, Henry Street Settlement delivers a wide range of social service, arts and health care programs to more than 60,000 New Yorkers each year.
Future Generation Global Investment Company (FGG) is a Listed Investment Company (LIC) focused on changing the lives of young Australians affected by mental illness through financial support of designated charities. Neuberger Berman is one of 14 investment managers chosen by FGG to build their global equity program, waiving management and performance fees so that FGG may donate 1% of assets per annum to these organizations.
Changing Young Lives Foundation operates education, psychosocial and development programs for underprivileged children in Hong Kong and mainland China.
Friends of the Children New York is an early intervention program that breaks the cycle of generational poverty for children most at-risk by providing them with a consistent, caring advocate who guides them for 12 years so they become productive members of their communities.
iMentor builds mentoring relationships that empower students from low-income communities to graduate high school, succeed in college, and achieve their ambitions.
IntoUniversity aims to address underachievement and social exclusion among young people aged 7-18 in the United Kingdom by offering a long-term integrated center-model of out-of-school study, mentoring, aspirational coaching and personal support.
Anixter Center provides an array of services for individuals with disabilities and related challenges to live, learn, work and play in the community. Anixter Center is one of the largest nonprofit organizations in the Chicago area serving people of all ages with disabilities and related challenges.
Vogel Alcove serves children ages six weeks to five years who reside with their parents in 18 domestic violence and emergency shelter programs in the Dallas area.