Boston, December 20, 2017 -- Acadian Asset Management LLC, a leader in active global and international investing with $92 billion in assets under management, today announced it will strategically partner with three local non-profits, making annual high-impact investments over the next three years and providing additional on-the-ground support as needed.
The three organizations—Thompson Island Outward Bound Education Center, Inversant, and Budget Buddies—were selected by Acadian’s Charitable Giving Committee following a months-long information gathering and due diligence process. Laurent De Greef, Committee Co-Chair and Director of Client Solutions and Product Development for the firm, said, “Acadian is a mission-led organization, and we believe that we can only thrive if our local community thrives.” Acadian said it wanted to focus on local organizations with a strong educational component to their mission and sought organizations where it felt the firm could have the most tangible impact.
Thompson Island’s Outward Bound Education Center offers an immersive program on the island for experiential learning, social and emotional growth, and science curriculum enrichment, currently serving 2,500 middle school students in the Boston Public School system. Acadian’s investment will allow 100 middle schoolers from the Young Achievers Science & Math Pilot School in Mattapan to attend the four-year Connections program on the island. Said Thompson Island President and CEO Arthur Pearson, “I’m really grateful that there are companies that approach their philanthropy with rigor…and it has been great to have an organization focus on us and focus on our impact, and make their choice to support us based on the quality of our value proposition.”
Inversant works to ensure that low-to-moderate income families have the resources and understanding they need to achieve their goals for their children’s higher education. The group helps its participant families navigate the complex world of college applications, financial aid, and higher education saving. Currently partnering with public school systems and services in Boston, Chelsea, Revere, Lynn, and Salem, Inversant plans to use Acadian’s investment to expand its program more deeply into the Boston metro area as well as launch satellite programs in the western Massachusetts communities of Pittsfield and Springfield. Inversant CEO Charlie Desmond commented of Acadian’s discovery process, “the deep dive into our work, real questions about the efficacy of our efforts, and conversations around how the firm can best support the mission…it’s been a totally unparalleled experience and we are delighted to be a part of this team.”
Budget Buddies is a Chelmsford, MA-based organization that provides both group-based and one-on-one financial coaching for low-income women and female heads of household, laying the groundwork for future successes. Since launching in 2010, Budget Buddies has implemented 50 customized programs in partnership with 25 community agencies. Executive Director and Co-Founder Anita Saville noted that Acadian’s investment will allow Budget Buddies to fully build out the Boston-based program, serving a growing need in communities such as East Boston, Dorchester, and Roxbury. Said Saville, “We’re so excited to enter into a partnership with Acadian that helps us expand capacity and we look forward to drawing on the employees’ rich experience to help with workshop presentations and personal mentoring of the women in our program.”