February 29, 2020

CSRWire.com The Corporate Social Responsibility Newswire

news by category

CSR News

Neuberger Berman Employees and Its Foundation Giving at Least $2 Million to Aid Charities in the Aftermath of Tragic Attacks

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.

"We are terribly saddened by the devastating loss of life, and our hearts go out to all the victims and their families," said Jeffrey B. Lane, Neuberger Berman President and CEO, in his announcement of the contributions. "In a time of extraordinary need, we believe extraordinary corporate and individual philanthropy is necessary," Mr. Lane said.

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.

For more information, please contact:

Jeffrey B. Lane Neuberger Berman
Phone: (212) 476-5401

 

Issuers of news releases and not csrwire are solely responsible for the accuracy of the content