BOSTON, Sept. 15, 2015 /PRNewswire/ -- Through the generosity of The Eugene F. Fay Trust, BNY Mellon has awarded operating support grants to 10 Boston-area nonprofits, providing them with critical funding for capacity-building activities. The Eugene F. Fay Trust Mini-Grants Program provides organizations with $5,000 grants for technical assistance and non-programmatic support aimed at strengthening the overall organization or a particular program. BNY Mellon is trustee of the Eugene F. Fay Trust and administers the mini-grants program.
"Nonprofits' resources are increasingly stretched thin and often they face the challenge of providing critical services to people in need without the benefit of the latest technologies," said Joanne Jaxtimer, Regional Executive of New England and Co-Head of Global Philanthropy for BNY Mellon. "Operating support helps to bridge the gap in budgets, allowing nonprofits to upgrade their technology and resources and run more efficiently. Through the generosity of The Eugene F. Fay Trust, we can enable nonprofits to focus on their missions and achieve their organizations' social goals."
The 2015 Eugene F. Fay Trust Mini-Grant awardees are:
In selecting grantees, BNY Mellon, as trustee, selects programs and initiatives that fit the Eugene F. Fay Trust's purpose of supporting charitable organizations in Massachusetts. In doing so, it leverages the company's philanthropic knowledge and experience in providing basic needs and workforce development opportunities to those in need. Learn more about BNY Mellon's focus on improving social and economic conditions in locations where the company does business and its employees live and work as a part of its global commitment to social responsibility at www.bnymellon.com/csr.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
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SOURCE BNY Mellon