Say Yes is among the Beneficiaries of BMO Capital Markets’
‘Equity Through Education Trading Day’
- Investment and banking firm’s annual initiative has raised $17.9 million to date, supporting more than 3,000 students
- Program donates day’s worth of trading commissions from Canada, the United States and Europe
TORONTO, NEW YORK and LONDON, September 21, 2016– BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE:BMO)(TSX:BMO), announced today that its 2016 Equity Through Education trading day raised $1.6 million to go toward scholarships for young people.
Each year, BMO Capital Markets donates a day of institutional equity trading commissions from the United States, Canada and Europe, to charities that provide greater access to education for less advantaged students through scholarships, bursaries and other programs.
“Equity Through Education is allowing bright and deserving students to reach their full potential, who may not have had the opportunity otherwise,” said Alan Tannenbaum, Managing Director and Co-head of Global Equity Products, BMO Capital Markets and Executive Sponsor of the program. “BMO is committed to supporting charities focused on education and student success across North America and Europe, helping drive the promotion of diversity in the workplace.”
The Equity Through Education initiative has also helped BMO Capital Markets, which has hired a number of candidates from the program. The initiative has raised $17.9 million dollars since it was launched in 2005.
“We are grateful to BMO Capital Markets for helping Say Yes to Education explore ways we can support students across our communities in several key areas of need,’’ said Mary Anne Schmitt-Carey, President of Say Yes, which partners with cities around the goals of making college accessible and affordable for every public high school graduate, and is one of the nine charities benefiting from Equity Through Education this year. “One initiative under consideration would provide Say Yes Scholars with assistance in visiting minority-serving institutions. Another would support the efforts of Say Yes Scholars to be placed in high quality internships — and, one day, full-time employment.”
Since it was launched, Equity Through Education has assisted more than 3,000 individuals. This year, the proceeds from the BMO Capital Markets Equity Through Education trading day will go to nine charities:
- The Financial Women’s Association
- Imperial College
- The Jackie Robinson Foundation
- The Knowledge is Power Program (KIPP)
- Lime Connect
- The Loran Scholars Foundation
- Say Yes to Education
- Women in Capital Markets Return to Bay Street program
About BMO Capital Markets Equity Through Education Program
Equity Through Education is a charitable initiative aimed at creating a more diverse workplace by offering support to help people realize their educational ambitions by giving them opportunities they might not otherwise have. On one day each year all institutional equity trading commissions are donated to organizations dedicated to the education of bright and deserving individuals. To date, Equity Through Education has provided assistance to over 3,000 students through scholarships, bursaries and job search strategy forums.
To learn more about Equity Through Education visit: http://www.bmocm.com/in-the-community/#equity-through-education.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American financial services provider. With more than 2,200 employees operating in 30 locations, including 16 in North America, BMO Capital Markets offers corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE:BMO)(TSX:BMO), one of the largest diversified financial services providers in North America, with total assets of CDN $692 billion as of July 31, 2016, and over 45,000 employees.
About Say Yes to Education
Founded in 1987, Say Yes to Education is a nonprofit that partners with communities around the goals of every public school student not only graduating high school – but doing so prepared for a college or other postsecondary education, and with access to resources to make that education affordable. At the heart of Say Yes is a powerful incentive for families and communities: the prospect of a college scholarship, whether to an in-state public institution or one of the more than 100 private colleges and universities in the Say Yes National Higher Education Compact. Say Yes and its partners ensure that students have the support outside the classroom – tutoring; after-school and summer programs; medical care; counseling and legal help – to clear the path to academic achievement. Say Yes works with its community partners to bring together every local stakeholder – city and county government; the school district; parents; teachers; businesses; unions; philanthropic and faith-based organizations; colleges and universities – and arms that coalition with the tools to boost postsecondary participation and success. Those systems and structures enable the work of the local Say Yes partnership to go to scale and be sustained through predictable transitions in leadership, and historically unpredictable funding from state and local sources. The organization’s support services are available to nearly 140,000 public school students in pre-kindergarten through grade 12. Most are in communitywide chapters in Syracuse (a pilot that began in 2008) and Buffalo (2012), as well as Guilford County (Greensboro-High Point), North Carolina (2015). Say Yes, which has already begun the search for its fourth community chapter, has smaller chapters in Harlem in New York City and Philadelphia. For more information, visit www.SayYestoEducation.org.
Pav Jordan, BMO, Toronto
Sonja Smash, Say Yes to Education
(212) 415 4590