The New America Alliance Announces Endowment Fund to Support ''American Dream'' Initiative for Latinos at 7th Annual Wall Street Summit

NEW YORK--(BUSINESS WIRE)--The New America Alliance (NAA), an organization of influential Latino business leaders committed to enhancing the economic advancement and wealth creation for the Latino community, today announced The American Dream Endowment Fund. The Endowment will fund programs that increase Latino participation in all aspects of American society, ensuring that Latinos have full access to the American Dream and helping the U.S. to fully benefit from the Latino contribution.

The American Dream Endowment Fund was launched at the NAA’s 7^th Annual Wall Street Summit: Access to the American Dream, a three-day gathering of influential business leaders, government officials and NAA members, to explore new ways to help Latinos take advantage of business opportunities, fully participate in society and achieve the American Dream. This year’s Summit features prominent leaders including former President Bill Clinton, AT&T Chair and CEO Randall Stephenson, PepsiCo Chair and CEO Indra Nooyi, Senator Ken Salazar, NAA CEO Regina Montoya and José H. Villarreal, NAA Chair of the Board and Partner at Akin Gump Strauss Hauer & Feld, LLP.

“The mission of the New America Alliance is to promote Latinos in business and help our country to realize the full economic and social potential of the Latino community. With this endowment, we will be even more proactive in encouraging Latino leadership, entrepreneurship and a level playing field for Latinos to access the American Dream,” said Regina Montoya, CEO, the New America Alliance.

The Endowment Fund will help the NAA to expand the forms of capital most crucial for the economic advancement of Latinos – economic capital, human capital and philanthropy. The Endowment will distribute funds to programs that improve education, health, economic mobility and political participation for Latinos as well as support philanthropic programs and those that advance public policy for the Latino community.

“The importance of the Latino community to the economy and the overall American experience cannot be overstated. Through the Wall Street Summit, our new Endowment Fund and many other programs, the New America Alliance promotes a more active Latino participation in business, government and society in general for the benefit of all Americans,” said José H. Villarreal, Chair of the Board for the New America Alliance and Partner at Akin Gump Strauss Hauer & Feld, LLP.

American Latinos have emerged as an economic powerhouse with buying power expected to exceed $1 trillion by 2010. The NAA strives to increase Latino business leadership as a means to provide equal access for all Americans to economic opportunities and to ultimately benefit the U.S. economy by encouraging more active participation from the Latino community. The Wall Street Summit is held every year at the Waldorf-Astoria Hotel in New York and is currently running through Friday, October 26th.

About the New America Alliance

The New America Alliance (NAA) is a 501(c)(6) organization of American Latino business leaders committed to leading the process of Latino empowerment and wealth-building by expanding the forms of capital most crucial for economic advancement - economic capital, human capital and philanthropy. NAA members believe that strategies to enhance these forms of capital must include many approaches. One approach that American Latino business leaders are uniquely capable of leading is investment in the Latino community through coordinated philanthropy and public and private strategic collaboration. For more information, go to www.naaonline.org

NOTE TO MEDIA: Wall Street Summit participants and NAA members are available for interviews. Contact Chris McManus at 917 324 0808 to schedule.