Investing In Education

Hannah Prescott-Eberle, corps member on the Newtown High School Microsoft team in Elmhurst, Queens, shared a story about her service: "Ruddy and I sit down in class every day to review his English and Math work to make sure everything is complete, and in the past few months his attendance and coursework have improved dramatically. "

Yesterday, at our Second Annual Investment Community Breakfast, we brought together more than 100 professionals from the investment community for a morning of inspiration, and thanks to the investment from our attendees and an anonymous match, we were able to raise more that a quarter million dollars before 9am. This year’s breakfast featured two longtime friends and industry insiders, Fred Poses, Chief Executive Officer of Ascend Performance Materials and Operating Partner of SK Capital Partners, and Louis A. Simpson, Chairman of SQ Advisors, LLC, for a discussion moderated by Gerry Fabrikant, former senior writer for the business section of the New York Times.

Charlotte Twaalfhoven, CYNY '11 Alumna, joined us for this special event. Today, she supports others in philanthropic giving.

We enjoyed their take on the state of the economy, world markets, and how the tax code is influencing growth. We also discussed education reforms and the role philanthropy can play. “One of the big problems in the U.S., is that companies want to expand in the U.S. but they can’t find the workforce that is trained to do the jobs,” said Mr. Simpson, “this is basically a fault of our education system in crucial areas.” Today Mr. Simpson pledged to join our Individual Team Sponsor Program and encouraged others to do the same, “I hope all of you will join me because I think it’s [City Year] a great organization.”

“Lou wants to give money, whether it is an investment or through philanthropy, to people and organizations that are doing good things, and doing them as effectively as they could,” said Mr. Poses, as he praised Mr. Simpson for his pledge. Mr. Poses is working with a team at CYNY helping to determine the most effective way for us to grow our impact in schools. “Philanthropy is not only about giving, but giving of your skills and tools” he said, “some of our most rewarding moments are working with the people in nonprofits and seeing all that they can do to make themselves better.”

After some great discussions about education reform and the importance of giving with Louis A. Simpson and Fred Poses, Gerry Fabrikant (center) opened the floor up for professionals of the investment community to ask some of their own questions.

We would not be able to host an event like this without the dedication of our Investment Community Board (ICB). ICB member, Shreyas D Gupta from Sandell Asset Management, spoke about his first introduction to City Year and how he found himself making it a priority in his life. “If these young adults want to give one year of their life to helping the community it is incumbent on us to rise up to support them,” said Mr. Gupta. “They represent a vast ocean of potential and that is very important to me.”

We would like to thank Barclays Capital and CYNY Advisory Board Member Jeff Davis for hosting this event.

And a final thank you to our Investment Community Board (listed below) and to all of our attendees for your investment in City Year.

2012 INVESTMENT COMMUNITY BOARD

REED CARROLL Butler Capital Investments, LLC

DREW CHIN Woodson Capital Management

TOM CLARK Apax Partners

BEN FARKAS Hellman & Friedman

JUSTIN FRANKEL Wavecrest Asset Management

SHREYAS GUPTA Sandell Asset Management

WILDER HARVARD Morgan Stanley | Prime Brokerage

TYLER HENRITZE The Blackstone Group

DAVID HOBBS Tiger Eye Capital

ROB PAHLAVAN Family Equity Partners, LLC

NICK RENWICK

DOUG ROSS Normandy Hill Capital, LP


See more pictures from the event here.

Learn about last year’s breakfast here.

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