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UBS gives $1 million in grants to Connecticut non-profit organizations for 2003
UBS announced today that it has provided nearly $1 million in grants to charities, cultural institutions, civic organizations and schools in Connecticut over the past year
New York, February 1, 2004 - UBS announced today that it has provided nearly $1 million in grants to charities, cultural institutions, civic organizations and schools in Connecticut over the past year. Nearly half of that amount was presented recently at an evening reception at the Investment Bank's U.S. headquarters in Stamford, with UBS executives awarding nearly $500,000 in grants to 34 organizations, 23 of which will use the funds to support youth programs.
The reception, titled "Miracles Happen," featured a youth panel discussing "If Stamford were Brigadoon" with young leaders from the Boys & Girls Club of Stamford, CTE, Junior Achievement of Southwest Connecticut, Urban League of Southwestern Connecticut, Yerwood Center and the YMCA of Stamford. Mayor Dannel P. Malloy introduced the panel. Concluding the program, Curtain Call's Summer Youth Theatre performed musical selections from Brigadoon.
"As a firm, UBS is committed to giving back to the communities in which our employees live and work," said Robert Wolf, Managing Director, Global Head of Fixed Income and co-chair of UBS Investment Bank's Americas management committee. "Just as important as the money is the commitment of our employees to be actively engaged as volunteers." Wolf cited the 110 employees who volunteer weekly to read to students at Stark Elementary School in Stamford.
This was the sixth annual grants event held by UBS Investment Bank since moving its headquarters to Stamford in 1997, bringing it s total support for community programs in Connecticut to nearly $8 million.
UBS is one of the world's leading financial firms, combining financial strength with a reputation for innovation and a global culture that embraces change. UBS is the world's largest wealth manager, a premier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. UBS, headquartered in Zurich and Basel, employs more than 68,000 people, and has operations in over 50 countries and in all major financial centers.
Inquiries: Kristopher A. Kagel: +1 212-713-8703 of UBS