April 1, 2014 | New York

Anchoring Achievement in Mexican communities: Deutsche Bank Americas Foundation announces $ 1,5 million in grants

Deutsche Bank announced the five neighborhood networks selected by the Deutsche Bank Americas Foundation to receive $1.5 million in grants over the next three years as part of the Anchoring Achievement in Mexican Communities Initiative.

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Mexican New Yorkers are relatively young and the population is growing rapidly – Mexicans are among the fastest-growing subgroups in New York City – since 1990 the number has been increased about 472 percent. When the issue of underachievement in education by Mexicans and Mexican-Americans was brought to light in an article that appeared in the New York Times, Deutsche Bank was moved to act. Following consultations with nonprofit, private and public sector leaders, employees, and clients with a connection to Mexico and the experience of Mexicans in the US, Deutsche Bank has launched the initiative “Anchoring Achievement in Mexican Communities”. On March 27 the Deutsche Bank Americas Foundation announced the five neighborhood networks – coalitions of nonprofits and other institutions – which receive $1.5 million in grants over the next three years. The goal is to serve as a catalyst and model to attract other funders.

“So many education issues are so large and overwhelming – as a donor, you could feel inhibited,” said Gary Hattem, president of the Deutsche Bank Americas Foundation, “In this instance, we thought we could be a good convener, donor and thought partner that would have lasting benefits for New York and Mexicans.”

Called to supportive action

Chosen through a competitive application process, the five neighborhood networks will bring together nonprofit organizations, schools, libraries and other community institutions to form educational services hubs designed to ensure greater student and parent engagement, and improve academic performance and employment prospects. The projects are located in each of the five boroughs with concentrated populations of Mexicans.

The networks will focus on:

  • Creating a new high school to address academic needs and economic demands in Jackson Heights and Elmhurst, Queens
  • Connecting families to strong early childhood programs and comprehensive support services in East Harlem, Manhattan
  • Bringing new literacy and expanded educational support to toddlers through elementary-age children in Mott Haven in the Bronx
  • Forming home school connections and parent leadership to boost third-grade literacy in Port Richmond on Staten Island
  • Reconnecting out-of-school youth and their families to educational resources and employment in Bushwick, Brooklyn

The focus of the networks depends on the single needs of the particular boroughs and addresses mainly the lack of education.

“I applaud Deutsche Bank Americas Foundation’s commitment to the Mexican-American community. These kinds of partnerships between schools, non-profits, and community-based groups are the best way to ensure our families get the comprehensive support they need to succeed. As Chair of the Immigration Committee, I will work to replicate and bring locally-based initiatives like this to immigrant communities across the City,” said NYC Council Member Carlos Menchaca.

At Deutsche Bank the Anchoring Achievement in Mexican Communities Initiative is being used to engage employees and clients in both New York and Mexico.

As part of the Initiative, The Deutsche Bank Americas Foundation is partnering with the Metropolitan Center for Urban Education at New York University, the Youth Development Institute, and Institute for Mexican Studies at the City University of New York.

“We are proud to invest in efforts that support this group’s pathway to success, and of our long-term commitment to the five neighborhood networks and the families they will serve.”

Gary Hattem President, Deutsche Bank Americas Foundation

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