Submitted by: Neuberger Berman
Categories: Philanthropy & Corporate Contributions
Posted: Sep 19, 2001 – 12:00 AM EST
Sep. 19 /CSRwire/ - Neuberger Berman Inc. (NYSE:NEU), the New York-based investment management firm, announced the commitment today of its employees to donate at least $1 million to aid families of individuals killed and injured in last week’s attacks, and to support the ongoing relief efforts. In addition, The Neuberger Berman Foundation will contribute $1 million to several organizations involved in helping the victims and their families.
Neuberger Berman Inc. formed the Foundation in 1999. In keeping with Foundation policy, its grants will be made only to IRS-recognized public charities aiding in the relief efforts. Neuberger Berman is continuing its efforts to collect donations from employees, and will be working with various organizations on how best to use the money.
Neuberger Berman Inc. through its subsidiaries is an investment advisory company with $58.2 billion in assets under management, as of June 30, 2001. For more than 60 years, the firm has provided clients with a broad range of investment products, services and strategies. Its website, and this news release, can be accessed at www.nb.com.
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