CHICAGO--(BUSINESS WIRE)--In honor of its 125th anniversary, Northern Trust created a special $1.25 million fund to support education, in addition to approximately $15 million donated to charitable causes annually.
The global financial services firm announced recipients of the grants designed to support education for disadvantaged young people. The funding will support causes from early childhood education to college preparation, reaching more than 140,000 students facing significant economic, intellectual and physical barriers to success.
“We have spent much of the past year celebrating Northern Trust’s 125-year history, from its founding as a local institution to its current position as a trusted global financial services provider,” Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. “I’m proud of our ability to invest in the lives of young people and to help them fully reach their potential. Education is an issue that affects all of us and is critical to building successful families and communities.”
For the company-wide initiative, Northern Trust engaged employees in the referral process and designated five regional committees across Europe, the Middle East, Asia-Pacific and North America to lead the review and selection of its final grantees. Employees conducted site visits to nearly 60 organizations before selecting the final 26 based on their alignment with designated guidelines and the impact each grant will make.
These extraordinary programs include Classroom, Inc. (New York, NY), which uses technology-based games to teach literacy and foster collaboration in New York Public Schools; Communities in Schools of Greater Tarrant County (Fort Worth, TX), providing in-school counseling and dropout prevention to at-risk high school students; and the Early Learning Initiative (Dublin and Limerick, Ireland), addressing academic underachievement by engaging parents and their young children, starting at two years old.
Organizations receiving the award are:
|Achievement Centers for Children and Families||Delray Beach||FL||United States|
|Aim High||St. Louis||MO||United States|
|Anchor Center for Blind Children||Denver||CO||United States|
|Ardoch Youth Foundation||St Kilda||Australia|
|Asian Women's Welfare Association||Singapore||Singapore|
|Centro Mater Foundation||Miami||FL||United States|
|Christel House India||Bangalore||India|
|Classroom, Inc.||New York||NY||United States|
|College Now Greater Cleveland||Cleveland||OH||United States|
|Communities in Schools of Greater Tarrant County||Fort Worth||TX||United States|
|Early Learning Initiative||Dublin||Ireland|
|Every Child Our Future LBG||St Pierre du Bois||Guernsey|
|Fondation Autisme Luxembourg||Capellen||Luxembourg|
|Horton's Kids||Washington||DC||United States|
|I CAN||London||United Kingdom|
|Junior Achievement Ireland||Dublin||Ireland|
|KidSmart||St. Louis||MO||United States|
|Our Next Generation, Inc.||Milwaukee||WI||United States|
|Steppingstone Foundation, Inc.||Boston||MA||United States|
|Summer Search||Seattle||WA||United States|
|Sunbeam Children's Foundation Limited||Hong Kong||China|
|The Center for Hearing and Speech||Houston||TX||United States|
|The Deaf Aid Society||Bangalore||India|
|Tuloy Foundation, Inc.||Muntinlupa||Philippines|
|Umoja Student Development Corporation||Chicago||IL||United States|
|XS Tennis and Education Foundation||Chicago||IL||United States|
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$960.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.