New York City’s teacher pension fund pledged to invest $1 billion to rebuild infrastructure and housing damaged by Hurricane Sandy. Bridge repairs, housing, electric power and water systems are among the projects that will be considered for investment by the pension’s seven-member board, which controlled assets valued at $46 billion as of Sept. 30, fund officials said.
New York City
New York Attorney General Eric Schneiderman is requesting information from charities on fundraising related to Hurricane Sandy to ensure that money is spent on storm relief. The attorney general’s office sent letters to 75 nonprofit groups requesting information on their fundraising and relief activities, Schneiderman said in a statement. The office’s charities bureau will compile the information and report it online.
The New York Life Foundation today announced a two-year, $400,000 grant to expand NPower's workforce development program, Technology Service Corps (TSC), in New York City and Texas. TSC provides young adults, ages 18 to 25, with training and careers in information technology (IT).
Presented by United Way of New York City, the New York Jets and the New York Giants, tonight’s 19th annual Gridiron Gala raised more than $1.5 million to support United Way-led programs that serve at-risk youth in New York City.
MSLGROUP, the Publicis Groupe's flagship PR and events company, announced the launch of the third annual MSL New York Be:CAUSE Community Connected Grant and invites New York-based nonprofits to apply for a pro bono professional communications program.
As part of its ongoing cause initiative and commitment to New York City, MSL New York will award one deserving local nonprofit with $100,000 worth of strategic communications counsel.
Nordstrom is opening a full-priced store in Manhattan called Treasure&Bond, with all profits of the store committed to charity.
Nordstrom says its charity efforts will go further than competitors who team up with nonprofit groups for campaigns. And all proceeds from the rather expensive merchandise go to children’s charities, Nordstrom says.
In addition, there are no plans to make it a for-profit store, said Peter E. Nordstrom, executive vice president and president of merchandising at Nordstrom. But he added that the company remained committed to opening a department store in New York City.