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OppenheimerFunds Supports Chicago Community During Distribution Symposium

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OppenheimerFunds Supports Chicago Community During Distribution Symposium

Attendees volunteer with Cradles to Crayons and Boys & Girls Clubs of Chicago

PR Newswire

CHICAGO, July 25, 2018 /PRNewswire/ -- 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.

David L. Cotugno, Associate Director of Individual Philanthropy & Foundations, Cradles to Crayons; John McDonough, Head of Distribution and Marketing, OppenheimerFunds; Holly Allen, VP of External Affairs, Boys & Girls Clubs of Chicago.

"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

Date

Location

Organization

Activity

Amount Donated

January 2011

Dallas, TX

Dallas Children's Hospital

Created murals for hospital walls

$10,000

August 2011

Chicago, IL

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

 

About OppenheimerFunds

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.

Web: oppenheimerfunds.com
Tweets: twitter.com/OppFunds
Podcasts: oppenheimerfunds.com/advisors/podcasts

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.

225 Liberty Street, New York, NY 10281-1008
© 2018 OppenheimerFunds Distributor, Inc. All rights reserved.

Michelle Borré, Portfolio Manager, Oppenheimer Fundamental Alternatives Fund and Oppenheimer Capital Income Fund, assembles care packages at the firm's Distribution Symposium in Chicago.

OppenheimerFunds General Counsel Cynthia Lo Bessette and colleagues volunteer with Cradles to Crayons and the Boys & Girls Clubs of Chicago during the firm's Distribution Symposium in Chicago.

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SOURCE OppenheimerFunds

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