BNY Mellon and its charitable foundation has distributed more than $1 million in fourth-quarter donations, benefiting many New York City-area nonprofit organizations. This year, approximately $5 million in grants were awarded to more than 200 New York nonprofits.
"BNY Mellon is working with our nonprofit partners and local agencies to address essential needs and areas of social distress in our communities by investing in comprehensive support services. These investments are critical to achieving stability for people in need," said Daisey Holmes, BNY Mellon's managing director of philanthropy for New York.
Powering Potential, BNY Mellon's charitable giving focus, is designed to help others in need by concentrating on basic needs and workforce development. BNY Mellon works with community partners to provide food, clothing, energy and housing assistance to those who require immediate help. The company's workforce development investments are designed to improve access to employment through job training, education, mentoring and skills development.
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