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BNY Mellon and the BNY Mellon Foundation of Southwestern Pennsylvania Launch $1 Million Social Innovation Challenge

Partnering with The Forbes Funds to help Pittsburgh-area nonprofits identify technology solutions to social challenges



PITTSBURGH, October 24, 2014 – BNY Mellon, a global leader in investment management and investment services, together with the BNY Mellon Foundation of Southwestern Pennsylvania, has launched a $1 million social innovation challenge that will help nonprofits in southwestern Pennsylvania solve critical social challenges and crowdsource technical solutions. 

As part of the program, BNY Mellon and the BNY Mellon Foundation of Southwestern Pennsylvania have partnered with The Forbes Funds to develop a platform that links nonprofits with the private sector to create break-through innovations that advance critical social missions.

Nonprofits, university researchers and other stakeholders will work with The Forbes Funds to identify shared community challenges that could benefit significantly from technological innovation. Local entrepreneurs and for-profit companies will then be invited to develop and submit innovative solutions for the defined challenge areas through a competitive process, where top submissions will be pitched to a panel of judges that includes experienced investors. The winning concepts will be advanced through a process that will include funding, product development and business incubation partnerships for design, prototyping and deployment to regional nonprofits and the broader market.

“Too often, our nonprofit partners don’t have access to the same innovation that drives improved outcomes in nearly every other industry,” said James P. McDonald, BNY Mellon’s director of global philanthropy and president of the Foundation. “Through this program, we want to level the playing field and build a new platform for private sector innovation that can have measurable social impact.”

“More than ever, nonprofits are rethinking their approaches to some of these most complex community challenges,” said Kate Dewey, president of The Forbes Funds. “At the same time, we’ve seen an extraordinary growth in for-profit entrepreneurs that measure their success by both financial and social impact.”

“Pittsburgh has all the components to lead the world in developing innovation that solves major world challenges,” said Matt Zieger, Executive in Residence for Social Innovation and former President and CEO of the Commonwealth of Pennsylvania’s Foundation, Team Pennsylvania Foundation. “The game changer with this project is BNY Mellon’s investment and commitment to accelerating ideas to market, and we hope ultimately to substantial scale.” Zieger will be leading the initiative for The Forbes Funds.

For more information about the program, please contact Matt Zieger at The Forbes Funds at zieger@forbesfunds.org or 412-394-4271.

The Forbes Funds builds the management capacity and impact of community-based nonprofits individually and collectively. A supporting organization of the Pittsburgh Foundation, The Forbes Funds has more than 30 years of experience in providing technical assistance, research, and leadership to advance a more effective and sustainable nonprofit sector. Additional information is available at www.theforbesfunds.org or by following on Twitter @theforbesfunds.

In 2013, BNY Mellon and its employees around the world donated more than $34 million and volunteered 105,000 hours. Learn more about the company’s world-wide commitment to social responsibility at www.bnymellon.com/csr.

The social innovation program is consistent with BNY Mellon’s ongoing focus on continuous innovation, which has helped position it as the investments company for the world.  BNY Mellon has consistently been recognized for the development of innovative new business solutions that help clients succeed and employee programs that foster and reward innovative actions and ideas. 

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 Sept. 30, 2014, BNY Mellon had $28.3 trillion in assets under custody and/or administration, and $1.6 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, or follow us on Twitter @BNYMellon.

Tweet me: BNY Mellon launches $1m innovation program to help Pittsburgh nonprofits develop tech solutions to social challenges http://bny.mn/1woKf5k

Contact Info:

Lane Cigna
+1 (412) 234-0575

KEYWORDS: Social Innovation and Entrepreneurship, Finance & Socially Responsible Investment, BNY Mellon, Forbes Funds, Pittsburgh Foundation, Pittsburgh, Innovation, social innovation

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Arrow Cardboard Engineering Challenge

SOURCE: Arrow Electronics


Catapults, spaceships, a 50s-era diner, even a working violin – all were made from cardboard and other scrap materials by Colorado schoolchildren as part of a global cardboard engineering challenge.

Arrow Electronics is the title sponsor of the Cardboard Engineering Challenge at the Cherry Creek School District, the public school district serving the company’s headquarters location in southeast metro Denver. The October 8th competition featured 680 teams with 750 participating student innovators.

Now in its third year, similar challenges were held during October in schools, youth centers and libraries in 50 nations. More than 100,000 children around the world participated.

The Cardboard Challenge is a celebration of child creativity inspired by the popular short film, “Caine’s Arcade.” Kids are challenged to create and build using cardboard, recycled materials and imagination. 

“The cardboard engineering challenge is an ideal first step in our program to nurture new innovators,” said Joe Verrengia, director of corporate social responsibility for Arrow Electronics. “There are no barriers in terms of money or tools. That means the kids can focus all their energy into transforming their ideas into fun, working models. We hope to expand this challenge to other Arrow communities here and abroad.”





Tweet me: Fostering little innovators with big ideas @ the #CardboardChallenge http://3bl.me/cyxxym w/@ArrowGlobal @CCSFoundation @imagination

KEYWORDS: Social Innovation and Entrepreneurship, Business & Trade, Arrow Electronics, Cherry Creek Schools, Cardboard Challenge, Imagination Foundation, csr, STEM, Education, Communities


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CBRE Appoints Tim Schroeder Co-Executive Sponsor Of LGBT Network Group

Los Angeles, CA, October 23, 2014 /3BL Media/ – CBRE Group, Inc. today announced that Tim Schroeder, a CBRE Managing Director has taken a leadership role in the Company’s LGBT Network Group (LGBTNG). Mr. Schroeder joins Chris Ludeman, Global President of Capital Markets, as a Co-Executive Sponsor of CBRE’s network group dedicated to its lesbian, gay, bisexual and transgender professionals.

“Tim has done a terrific job leading our McKesson account and I am confident he will bring the same passion and excellence to his expanded role with the LGBTNG,” Lance Wilken, Senior Managing Director for Global Corporate Services, said.

The LGBTNG provides an open-minded support system for conducting business and addressing the personal requirements of CBRE’s LGBT community. The network acts as an advocate for and advisor to LGBT employees, while helping shape CBRE practices and programs to ensure a merit-based business environment. The group was instrumental in identifying and advocating policy changes that have provided greater equality and inclusion within the Company. Founded in 2009, CBRE’s LGBT group was the first such networking group in the commercial real estate services industry.  In 2014, CBRE was the first commercial real estate company to receive a perfect score on the Corporate Equality Index and earn designation as a Best Place to Work for LGBT Equality. Continue reading

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TD Forests “Art for Trees” Artwork to be Auctioned, Proceeds Going to New York City Environmental Non-Profits

NEW YORK, October 23, 2014 /3BL Media/ – On October 31, the 10 original pieces of environment-focused artwork commissioned as a part of TD Bank’s “TD Forests: Art for Trees” campaign will become available for purchase in an online auction. Following the close of the auction on November 14, all proceeds raised will be donated to four New York City environmental non-profits.

Those interested in purchasing the artwork can view all of the pieces and prices online now. There will also be an option for collectors to buy the artwork immediately at full value.

All proceeds from the sale of the original art will be equally distributed amongst the New York Restoration Project, Friends of the High Line, Brooklyn Botanic Garden and Trees New York. Continue reading

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Joe’s Burritopalooza: What Living Más is All About

Eleven year-old Joe Redmond and Taco Bell have two things in common: a love of burritos and of showing Más Heart. When the brand heard that Joe had combined the two to help other people, they knew they wanted to celebrate and honor him in true Taco Bell style.

The brand first learned about Joe and his burrito passion in June, when Joe’s dad shared a video with the Taco Bell team. The video was of Joe practicing a public speaking project about the history of the burrito. Joe, who has Down syndrome and is very shy, rehearsed his speech several times at home before delivering it in front of his classmates.

Taco Bell loved Joe’s video but soon learned it wasn’t the only way he had shown enthusiasm for his favorite fare. The year before, Joe held a fundraiser at his elementary school – appropriately dubbed “Joe’s Burritopalooza” – and sold homemade burritos and baked goods to raise money for his two favorite charities, the Canadian Down Syndrome Society and York Region Down Syndrome Association. Continue reading

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RIT to Help Drive Chevrolet’s Campus Clean-Energy Efficiency Program

October 22, 2014 /3BL Media/ – Rochester Institute of Technology is among 12 colleges and universities—including the first in New York state—that will help drive Chevrolet’s Campus Clean Energy Campaign designed to reduce carbon emissions.

RIT was selected for its leadership role in sustainability and energy efficiency on campus, resulting in Chevrolet’s invitation to participate in the new initiative to retire carbon credits on behalf of the environment. The university is among a second wave of colleges and universities that have announced participation in the initiative today on Campus Sustainability Day, which has been celebrating sustainability in higher education nationally since 2003.

As a result of ongoing sustainability initiatives, RIT officials estimate that the university will sell Chevy carbon credits—a financial instrument used to tally the amount of carbon dioxide removed from the atmosphere—yielding up to $100,000. The money will be reinvested in energy efficiency and sustainability projects on campus to help further reduce RIT’s carbon footprint. Continue reading

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New Hershey Learn to Grow Program to Impact Nearly 9,000 Cocoa Farmers in Cote d’ Ivoire

HERSHEY, Pa., Oct. 22, 2014 /3BL Media/ — The Hershey Company (NYSE: HSY) announced today an innovative partnership with Hershey suppliers and a European sustainability agency to help thousands of farmers in Cote d’Ivoire improve productivity, raise incomes and improve communities.

The partnership includes Blommer Chocolate and OLAM International through their joint “GrowCocoa” initiative and IDH, The Sustainable Trade Initiative (IDH).  The Hershey Learn to Grow program aims to reach more than 8,700 cocoa farmers who belong to 27 cooperatives spread across six regions of Cote d’Ivoire, the world’s largest cocoa-producing country. There are three key objectives:

  • Improving planting methods to increase productivity on each participating farm
  • Providing fertilizer incentives and other important inputs to farmers who demonstrate use of good agricultural practices
  • Rehabilitating cocoa farms that are more than 25 years old with new, faster-growing and higher-yielding cocoa trees

Hershey is building on its cocoa sustainability programs in Cote d’Ivoire. In 2013, Hershey funded the construction of a primary school in the Abroko cocoa region. With today’s announcement, the Hershey Learn to Grow program will enroll approximately 19,000 Ivorian cocoa farmers by 2017. Continue reading

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Sodexo in the U.S. Wins First Aon Hewitt Best Employer Certification

GAITHERSBUR, Md., October 22, 2014 /3BL Media/Sodexo, a leading provider of sustainable, integrated facilities management and food service operations, was named among the first entities to be certified by the Aon Hewitt Best Employer Program.

This program compares organizations to identify those that strive to create competitive advantage through their people and become employers of choice. It recognizes organizations that are driving high employee engagement, effective leadership, high performance culture and a compelling employer brand strategy. The methodology is based on over 20 years of employee research experience at Aon Hewitt, including more than 10 years of local Best Employer Studies.

Sodexo has been recognized as an Aon Hewitt Certified Best Employer based on the opinions of their 133,000 employees, measured against standards from the Aon Hewitt global employee engagement database. Continue reading

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