Deutsche Bank Americas Foundation today announced the launch of a program aimed at fostering educational stability and academic achievement for New York City students living in temporary housing. The initiative provides grants to seven local organizations and will establish an advisory group of industry thought leaders who will provide guidance and support the development of best practices for the network of grantees and partners.
During the 2013-2014 school year, nearly 83,000 New York City public school students were homeless, a 25% increase over the four years prior. Of these school-age children, approximately 28,000 lived in the City’s homeless shelters, 48,000 were living in the homes of friends and family members, and 7,000 lived outside of shelters or other residences, according to data from the New York City Independent Budget Office and the Institute for Children, Poverty & Homelessness.
“At Deutsche Bank, we recognize the impact of housing instability on educational engagement. This initiative aims to address the educational needs of homeless students and to further their well-being through a coordinated continuum of resources and support,” said Nicole Leach, Head of Education Programming for Deutsche Bank Americas Foundation. “Given the large number of children and youth experiencing homelessness, it is vital to understand the unique challenges that homeless students face and to promote education interventions and opportunities that can help them. We believe these seven organizations will develop innovative strategies and solutions toward these goals.”
The seven grantees include:
- Counseling in Schools
- Office of Community Schools (NYC Department of Education through The Fund for Public Schools)
- Henry Street Settlement
- Leake & Watts
- Lower East Side Girls' Club
- Partnership with Children
- United Way of NYC
As part of its ongoing commitment to addressing homelessness in the five boroughs, last December the Foundation provided grants to four New York City organizations that support four distinct homeless populations – veterans, domestic violence survivors, LGBTQ youth, and formerly incarcerated individuals and their families. The initiatives are part of a global youth engagement program at Deutsche Bank, called Born to Be, which aims to unlock the potential of the next generation by breaking down barriers to opportunity and supporting a strong educational environment for all.