Chicago, July 25, 2018 – OppenheimerFunds, a leading global asset manager, supported the local community in Chicago this week during the firm’s Distribution Symposium, a semi-annual conference for more than 250 members of the firm’s Distribution team. In partnership with Cradles to Crayons and Boys & Girls Clubs of Chicago, employees assembled care packages for children served by both organizations. OppenheimerFunds also provided each nonprofit with a $10,000 grant.
“Twice a year, our distribution team gets together to train, share successes and gain new insights that ultimately help us better serve our clients,” said John McDonough, Head of Distribution and Marketing at OppenheimerFunds. “Our employees also look forward to giving back to the communities that host our conferences and are proud to volunteer with great local organizations such as Cradles to Crayons and Boys & Girls Clubs of Chicago.”
Employees assembled and donated:
- 400 clothing packages that will help provide infants with a week’s worth of outfits.
- 3,000 hat and glove packages to help keep 10-12 year children warm during the winter months.
- 800 school backpacks filled with school supplies.
Cradles to Crayons launched in 2002 and has operations in Boston, Philadelphia and Chicago. The nonprofit provides children from birth through age 12 living in homeless or low-income situations with the essential items they need to thrive at home, at school and at play.
“We are pleased to partner with OppenheimerFunds to help provide children with much needed clothing,” said Bernard Cherkasov, Executive Director, Cradles to Crayons. “The hats, gloves and infant clothes will be extremely welcomed by the children and families that benefit from our programs."
Since 1902, the Boys & Girls Clubs of Chicago have provided the city's children with a safe, positive and supportive place where they can take advantage of after-school programs, activities and services designed to prepare them for the future and achieve their fullest potential.
“Every day, our clubs help young people build the skills that will help them to make positive contributions in their homes and communities,” said Mimi LeClair, President & CEO, Boys & Girls Clubs of Chicago. “The backpacks and school supplies donated by OppenheimerFunds will give these kids the tools that will help them succeed in the classroom and beyond.”
OppenheimerFunds’ corporate philanthropy and community initiatives also include its 10,000 Kids by 2020 program, which aims to introduce 10,000 students to math literacy programs through nonprofit partnerships and active employee volunteerism. The firm works closely with organizations including the National Museum of Mathematics, Boys & Girls Club, MATHSWORLDUK, Common Impact and Cross-Cultural Solutions, which provides impactful and sustainable service opportunities and skills based volunteer programs.
OppenheimerFunds Distribution Symposium Volunteer Highlights
|January 2011||Dallas, TX||Dallas Children’s Hospital||Created murals for hospital walls||$10,000|
|August 2011||Chicago, Illinois||Chicago Cares to benefit Woodson South Elementary School||Refurbished local school facilities||$10,000|
|January 2012||Fort Worth, TX||USO Dallas||Assembled and donated backpacks for troops||$10,000|
|August 2012||Salt Lake City, UT||Boys & Girls Club of Greater Salt Lake||Built and donated bicycles||$10,000|
|January 2013||New York, NY||Breezy Point Relief Fund||Assembled and donated care packages||$10,000|
|August 2013||Laguna Nigel, CA||Las Palmas Elementary School||Refurbished local school facilities||$10,000|
|January 2014||Dallas, TX||Flood victims||Provided various types of assistance||$10,000|
|August 2014||Washington, DC||Boys Town||Made campus improvements, organized donated items, created backpacks, repaired kitchen facilities||$10,000|
|January 2015||Atlanta, GA||USO Council of Georgia||Gathered and donated care packages for troops||$10,000|
|August 2015||San Diego, CA||Support the Enlisted Project (STEP)||Built 75 wheelchairs for donation||$10,000|
|August 2015||San Diego, CA||Ronald McDonald House||Stuffed ~100 teddy bears for children||$10,000|
|January 2016||Atlanta, GA||Hands On Atlanta||Assembled 600 snack packs and hygiene essential kits||$10,000|
|July 2016||Boston, MA||Boston Cares||Constructed 30 toddler beds and packed 100 blankets and 100 superhero capes||$10,000|
|January 2017||Atlanta, GA||Boys & Girls Clubs of Metro Atlanta||Assembled and donated 300 College Bound Care packages||$10,000|
|August 2017||San Diego, CA||Operation Homefront||Created 400 baby care packages for local military families||$10,000|
|August 2017||San Diego, CA||Boys & Girls Clubs of Greater San Diego||Helped build 20 model solar cars with children from Boys & Girls Clubs of Greater San Diego and donated 100 model solar car kits to the organization’s STEM program||$10,000|
|January 2018||Dallas, TX||Trusted World||Attendees packed and donated 20,000 meal kits to be distributed to families recovering from recent natural disasters.||$10,000|
|January 2018||Dallas, TX||Boys & Girls Clubs of Greater Dallas||Assembled and donated 175 Robotics IQ Kits for the organization’s STEM program||$10,000|
|July 2018||Chicago, Illinois||Boys & Girls Clubs of Chicago||Assembled and donated 800 backpacks filled with school supplies||$10,000|
|July 2018||Chicago, Illinois||Cradles to Crayons||Assembled and donated 400 infant clothing packages and 3,000 hat and glove packages.||$10,000|
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OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of June 29, 2018.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.