BNY Mellon renews $30K grant to FSU’s Entrepreneurship Bootcamp for Veterans with Disabilities
For the second consecutive year, BNY Mellon is demonstrating its commitment to U.S. military veterans by providing funding that allows wounded warriors to participate in the annual Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) program at Florida State University. The EBV is designed to help veterans with a service-connected disability make the transition to self-employment, develop professional networks and, ultimately, start and grow sustainable businesses.
“The EBV fits perfectly with BNY Mellon’s focus on helping returning military members transition from a military background to civilian life and career,” said BNY Mellon’s managing director for corporate affairs, Daisey Holmes. “It provides disabled veterans with the kind of workforce skills and development needed to succeed and fosters meaningful relationships that develop and last well beyond the program itself.”
The company’s recent $30,000 gift to Florida State will allow six veterans to attend the 2013 EBV program, just as the previous gift in the same amount supported six individuals to participate in the 2012 session. The estimated cost per participant is $5,000. Like other members of an eight-university EBV Consortium, Florida State’s program is privately funded and offered at no cost to veterans.
“We are excited to once again have the support of BNY Mellon,” said Randy Blass, director of Florida State’s EBV program, Their generosity has enabled 12 veterans to attend at no cost, and this world-class program would simply not be possible without our private partners.”
In addition to supporting the EBV program at FSU this year, BNY Mellon is contributing funding to the Whitman School of Management at Syracuse University and the Mays Business School at Texas A&M University. The consortium was developed by the Whitman School in 2008 as a national educational initiative and is operated under the auspices of the university’s Institute for Veterans and Military Families. Since EBV was launched in 2007, more than 450 disabled veterans have graduated from the program and about 190 businesses have been formed.
A global leader in investment management and services, BNY Mellon combines targeted efforts to support returning military personnel. In recent years, it has provided more than $1 million in support to several veteran organizations in the United States and United Kingdom, including the EBV Consortium, Community Hope, HELP USA, New England Center for Homeless Veterans, Sesame Workshop, Veterans Leadership Program, and Coming Home. In addition, BNY Mellon blends its financial support with efforts that support veterans through formal employee, community and academic initiatives.
The EBV program consists of three phases over 14 months: a 30-day online course offering basic skills and the language of business; nine-day residency at a selected business school that includes more than 80 hours of instruction; and 12 months of support and mentorship delivered through a comprehensive network of mentors and national partners.
Other members of the consortium include Cornell University, UCLA, Purdue University, University of Connecticut and Louisiana State University. The consortium represents the first major partnership of America’s schools and colleges of business since WWII, formed with the express purpose of serving military veterans with disabilities.
Two million American soldiers have been deployed to combat since 2001. Roughly 30 percent of those will transition from military to civilian life with an enduring “service connected” disability.
About BNY Mellon:
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.46 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.