Hedge funders boost New York City non-profit CollegeBound Initiative

July 6, 2014

hedge-funders-boost-new-york-city-non-profit-collegebound-initiative/

Hedge funders boost New York City non-profit CollegeBound Initiative

A gala Thursday honored Pinebridge COO George Hornig and Giants QB Eli Manning.
By Lawrence Delevingne

Members of the hedge fund community were among those who feted the CollegeBound Initiative’s 10th anniversary Thursday night at a gala honoring New York Giants quarterback Eli Manning, Pinebridge Investments chief operating officer George Hornig and News Corporation group general counsel Lon Jacobs.

CollegeBound, a program of the New York education non-profit Young Women’s Leadership Network, is a school-based college guidance program for high-need public schools and students who are usually the first in their families to attend college.

Hedge fund supporters of the fundraising effort included Karen Finerman of Metropolitan Capital, Lawrence Golub of Golub Capital, Gary Gerstein and Phyllis Weaver of Red Oak Commodity Advisors (Weaver is a Young Women’s Leadership Network board member), Carrie Ann McCabe of Lasair Capital and Michael Ansour of March Partners.

The event, held at Jazz at Lincoln Center, raised more than $725,000 and was attended by nearly 400 guests, who mingled with beaming, college-bound seniors from the program. Hornig pledged to be a regular contributor to the group and Manning, also a donor, obliged countless requests from students and admirers for handshakes, autographs and photos.

CBI says it serves more than 6,000 students in 13 public high schools, 12 in New York City and one in Philadelphia. Since 2001, CBI has helped more than 4,000 students attend college and has generated more than $48 million in financial aid and scholarships to keep them there.

“CBI makes the dream of going to college a tangible reality for these kids,” said Marjorie Kaufman, also a Network board member and the former head of investor relations at Kingdon Capital Management. “The return on investment is huge—just look at the pride on the faces of the seniors here.

Find out how you can help: CBI

 
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