Futures and Options Places Second In
Morgan Stanley Strategy Challenge
Colm Kelleher, Morgan Stanley President of Institutional Securities,
presents the Second Place award to Futures and Options Staff
Members and the Morgan Stanley Strategy team.
Futures and Options was one of 12 non-profit organizations chosen to participate in Morgan Stanley’s fifth annual Strategy Challenge, a pro bono strategic consulting project this spring. Over the course of eight weeks, a team of Morgan Stanley consultants was tasked with helping us to gain a better understanding of our cost structure and program outcomes.
The Strategy Challenge came to a close on Wednesday, June 19, as each of the Morgan Stanley teams presented their recommendations to a panel of senior leaders from Morgan Stanley, Bridgespan and the nonprofits at the company’s headquarters in Manhattan. Futures and Options was awarded the second place prize overall, and received a grant of $15,000. Bring Me a Book was awarded first prize and Let’s Get Ready, one of our internship partners, finished in third.
Aside from the grant, Futures and Options stands to be a big winner from the competition. The Morgan Stanley team worked tirelessly at analyzing our Internship Program, and equipped us with a systematic way to figure out exactly what each customized program costs, which will enable us to reach even more New York City students each year. We were also provided with revised program evaluation templates that will allow us to better understand and analyze the short- and long-term outcome of our programs. The Morgan Stanley project will help us make smart decisions about program development, allocation processes, partnership funding, staffing and expansion planning.
Futures and Options deeply appreciates the hard work that their team from Morgan Stanley devoted to the organization and we look forward to rolling out our new tools starting this summer.
Coro Highlights Summer Partnerships
Coro interns interact with their supervisors at the opening breakfast.
Futures and Options is thrilled to launch its inaugural summer Internship Program in partnership with Coro New York, our city's premier leadership training program. The Internship Program will offer a way to further develop relationships among Coro alumni – the interns are youth from Coro’s Exploring Leadership and Mayor’s Youth Leadership Council Programs and supervisors are alumni of Coro’s programs for adults. The interns will bring their backgrounds working in their schools and communities to various internship sites across New York City. A total of 19 Coro high school students will participate as interns in this year’s partnership.
Supervisors and interns began to get to know each other at the program’s Opening Breakfast on Friday, June 21. The interns and supervisors shared personal stories and made plans for the summer ahead. Many thanks to our partners at Coro New York, Executive Director Scott Millstein, and Program Director for Exploring Leadership Chris Neal, for their efforts to set up this summer’s program. We are also grateful to The Pinkerton Foundation for their generous support of this program.
Futures and Options summer internships will kick-off across the city on Monday, July 8. A record 216 high school students will be interning through Futures and Options programming this summer. In addition to Coro, we are proud to partner with the following groups this summer:
Futures and Options Interns Roll Into Summer Work
Once again Futures and Options is partnering with Bike and Roll, an organization that provides rental bikes to tourists and residents around NYC. 19 Futures and Options interns will be assisting visitors at Governors Island. Interns began work on Memorial Day weekend and will spend the summer at one of New York City’s most visited weekend locations. Interns at Bike and Roll will work on their customer service and communication skills by helping customers rent bikes to tour the Island. In addition to working outdoors, these interns interact with people from all over the world, as a large portion of the people who rent bikes from Bike and Roll are international tourists.
Bike and Roll has worked with Futures and Options for seven years, offering 63 student internships during that time. There is a history of continuing to hire our students as supervisors and managers, as is the case with Kevin Rodriguez, who worked at Bike and Roll last year as a high school intern and is now in college supervising some of our current high school interns. Kevin is just one example of a Futures and Options’ intern who has been invited back to work at their company after their internship was completed. Kevin attended All Hallows High School in the Bronx and has just completed his freshman year at LaGuardia Community College. Kevin also participated in a Habitat for Humanity service learning trip while involved at Futures and Options, which prompted his interest to get involved in construction.
If you participated in a Futures and Options internship, we would love to know what you are up to now. To let us know of your updates, you can simply click here.
Disco for a Cause Event Raises $20,000 for
Futures and Options
Students from George Westinghouse High School at this year's
Disco for a Cause.
On Monday, June 17, members of the Bankruptcy, Restructuring and Distressed Investing Community hosted the second annual Disco for a Cause event, raising money for Futures and Options. More than 100 guests were in attendance to share good spirits and company while raising more than $20,000 for our career development programs.
Former Chief Judge of the US Bankruptcy Court for the Southern District of New York, Arthur J. Gonzalez welcomed the crowd and stressed the importance of career exploration and development for New York City youth. He then presented the Bankruptcy, Restructuring and Distressed Investing Community Commitment to the Future Award to George Westinghouse Career and Technical High School. George Westinghouse principal Janine Kieran graciously accepted this award and thanked the crowd for attending, and was joined by Westinghouse students who participate in our Internship Program. Ed Neiger of ASK LLP then raffled off an iPad, which was won by Dennis James, a junior at George Westinghouse. Dennis was appreciative of the generous attendee who purchased raffle tickets and distributed them among the students.
We are grateful for all of the sponsors of this year’s Disco for a Cause, especially Gold Sponsors Donlin, Recano & Company, Mesirow Financial and Joele Frank, Wilkinson Brimmer Katcher and Silver Sponsors ASK LLP, Broadgate Consultants, Lowenstein Sandler LLP, Henry Miller and Toppan Vite. Many thanks also go to the Disco for a Cause event committee for organizing this great event – particularly Futures and Options Board Member Scott Stuart and his colleagues at Donlin, Recano & Company.
We wish everyone a happy and safe
4th of July Weekend!