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MONEY MANAGEMENT

Neuberger Berman employees help spruce up community

Neuberger Berman Managing Director Richard Werman, right, helps maneuver a garden box into place.

More than 30 employees from Neuberger Berman Group LLC volunteered alongside Bronx residents to paint murals and walls, build planters and plant flowers at the Bronx River Community Center, a facility serving residents of the New York City Housing Authority's Bronx River Houses, to mark Neuberger Berman's 75th anniversary.

All told, more than 75 volunteers participated in the beautification and revitalization of the Bronx River Community Center on April 26 as part of the New York-based money manager's community service initiative.

“We wanted to kick off our global week of service with something fun and family friendly in which we felt we could make a meaningful impact,” said Elizabeth Cribbs, president of the Neuberger Berman Foundation, New York. She declined to disclose the asset size of the foundation. In addition to providing volunteers, Ms. Cribbs said Neuberger Berman provided its partner —philanthropic organization New York Cares — with a $15,000 grant, which was used to buy chairs, tables, gardening supplies, plants and paint for the center.

Neuberger Berman's “Celebrate with Service” initiative takes place annually in late April and early May. This year alone, the initiative has more than 1,000 volunteers connected with Neuberger Berman — employees, friends and family members — working on more than 80 projects globally, according to company spokesman Alexander Samuelson.

This article originally appeared in the May 12, 2014 print issue as, "Neuberger Berman employees help spruce up community".