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Transcript of 1 What Is New York Needs You? Mission: Prepare low-income first-generation college students to...
2
What Is New York Needs You?
Mission: Prepare low-income first-generation college students to realize their college and career potential
Problem / Opportunity
First-generation college students:− Drop out 5x more than their peers (89%)− Earn 10% less after graduation− Are low-income 85% of the time
Moreover, they lack access to:− Mentors who can provide career advice and
reinforce importance of college persistence− Internships and exposure to career options
Despite these challenges, first-generation students can succeed with guidance and support
− Representing the American Dream of upward mobility in its purest form
NYNY Solution
NYNY Fellowship Program 2-year program, including 2 summer internships Provide 1,000+ hours of training, exposure, and
access Deliver program through highly-motivated volunteer-
driven organization, consisting of over 400 young professionals
Program Components 1) College Graduation: College Success, Transfer & Completion 2) Career Development: Selecting, Securing & Succeeding in Careers
Community College Transfer Program (2011 Pilot) Fellows and volunteers partner with CUNY to teach
1,000 community college students how to graduate and transfer to 4-yr colleges
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1. K-12 NYNY Partners are nonprofits that NYNY actively seeks to support by i) encouraging their alumni to apply to NYNY and ii) asking NYNY Fellows to encourage their siblings to apply to them.2. Jackie Robinson Foundation and Posse require students to be a senior in high school when they apply, however, the program offering is focused on the college experience.3. Although Year-Up focuses on students outside of college, as long as you have less than 60 college credits a college student can apply.
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Low
Low Career Development Service Offering High
Pipeline of Nonprofit Support: Where NYNY Fits
For College Students Seeking Nonprofit Support, NYNY Provides a Unique Mix of Both College Support and Career Development Services
The overwhelming majority of nonprofits target K-12 students…
…Leaving few nonprofits available for college students to apply to
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1. A Better Chance2. Achievement First3. Breakthrough4. College Summit5. Democracy Prep6. Eagle Academy7. Harlem Children Zone8. Jackie Robinson Foundation2
9. I Have a Dream Foundation10. iMentor11. KIPP Schools12. Minds Matter13. MLT (Journey To College)14. National Academy Foundation15. NFTE16. Posse2
17. Prep for Prep18. SEO Scholars Program19. Student Sponsor Partners20. Summer Search21. Uncommon Schools
Jackie Robinson Foundation2
Posse2
Year-Up3Inroads
MLT (Career Prep)
UNCF
Gates Millennium Scholarships
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What Makes NYNY Different?
Only non-profit in NYC focused on first-generation college students
Volunteer Driven
Full Serviceand
High-Touch Program
Unique Focus
Incorporates the most time-intensive structured mentoring program in NYC– Over 400 highly accomplished professionals volunteer 75,000 hours per year*
A $2,000 donation required to support a Fellow results in $22,500 of in-kind support and services → reflecting 11.5x donation multiplier
MultiplierEffect
Note: Laptops, GMAT / LSAT / MCAT preparation courses, ESL classes, remedial writing classes, and braces are all currently being secured as in-kind gifts* At scale, 200 Mentor-Coaches individually volunteer 344 hours per year (8hrs over 18 Saturdays + 4 hrs a week) reflecting 68,800 hours a year. In addition, 200 Industry Coaches, Writing
Coaches and Life Coaches individually volunteer 34 hours a year, reflecting 6,800 hours a year.
Fellows and volunteers partner with CUNY to teach 1,000 community college students how to graduate and transfer to 4-yr colleges
Fellow Support: – Fully Dedicated Mentor– Career Development (bi-weekly)– 2 Summer Internships– $2,500 Professional Development Grant– Professional attire– Community college transfer coaching
Additional Support in Development:– Laptops– Intensive writing coaching– ESL and Accent-reduction coaching– GMAT/LSAT/GRE/MCAT Prep Resources
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What Are The Program Components?
Months 1-6 Months 7-12 2nd Year 3rd Year
11 Sessions 11 Sessions 13 Sessions
Sophomore Year Junior Year Senior Year
100%
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lloca
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0%
Securing Careers∙Resumes Writing∙Interview Skills∙Elevator Pitches∙Cover Letters, Thank You Notes & Emails
Succeeding in Careers∙Internship-Based Communication Skills (Oral & Written)∙Team-Based Work Environments∙Asking for & Receiving Feedback
Succeeding in Careers
∙Critical Thinking∙Creativity in the Workplace∙Converting an Internship to a Full-Time Job
Fellows and volunteers
partner with CUNY to
teach 1,000 community
college students how to
graduate and transfer to
4-year colleges
Selecting Careers∙Career Exposure and Exploration∙Career Research∙Life Planning
Securing Careers∙Interviewing∙Applying for Internships∙Networking & Relationship Management∙Dress & Professional Etiquette
1st Summer Internship 2nd Summer Internship
The NYNY Fellowship ProgramCommunity College
Transfer Program
College Graduation∙College Success∙Transferring from Community college to a 4-year Program∙College Completion∙Scholarship opportunities
Securing Careers∙Resume Writing∙Interview Skills∙Networking to find Opportunities∙Graduate School Applications
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Fellow Selection Process:Year / Year Applications Are Up 208%
Application submission
• 3 essays• 1 letter of recommendation• High-school & college transcripts
Application
review
• Academic performance• Writing proficiency and critical thinking• Strength of recommendation
Interview
day
• One-on-one interview• Group exercise with fellow applicants
Target class profile
• 100% first-generation• 80% low income, 50% below poverty line• 25% current community college students• Ethnically diverse• 80% Freshman, 20% Sophomores
Class 1 Class 2
290 applications 171 deemed complete
Avg. applicant GPA 3.6
100 interviews
50 Fellows selected
894 applications 356 deemed complete
Avg. applicant GPA 3.47
170 interviews
100 Fellows selected
+ 208%
NYNY Mentor-Coaches are selected through a similar recruiting process.
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Who Are The NYNY Fellows?
Se-ries1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Economic Status
Ethnicity
77% Low Income
(Family income below $44K)*
45% Below the Poverty Line
(Family Income below $22K)*
*Federal thresholds
College Type
NYNY’s Barbell Approach
Career Ambitions
Additional demographic notes: 60% Female, 40% Male, consistent with CUNY student population (60% female, 40 % male ). All NYNY Fellows may work legally in the United States (all are U.S. Citizens or Permanent Residents.)
23 schools
52% CUNY 4-Yr
78% CUNY
26% CUNY
Community College
22%Non-CUNY Colleges
(Columbia, NYU, etc.)
NYC low income youth population: 37% Latino / Hispanic, 31% Black, 20% White, and 12% Asian.
White
Black
Asian
Latino/Hispanic
0% 5% 10% 15% 20% 25% 30% 35%
20%
23%
23%
33%
Science/Tech
Education
Creative/Media
Government
Law
Healthcare
Finance/Business
0% 5% 10% 15% 20% 25% 30% 35% 40%
5%
9%
9%
9%
11%
19%
35%
23% Moderate Income
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Class 1 Highlights
Class 1 Outcomes
• Internship Placement – 92% have secured a summer 2011 internship
• College Persistence – 100% Class 1 Fellows enrolled in college
• Fellowship Persistence – 96% Class 1 Fellows completed the first year of the program
Nate Singh
Andre Perez
U.S. Department of Homeland SecurityJohn Jay College of
Criminal Justice
Credit Suisse Cornell University
Ramandeep Singh
Abbott LabsBaruch College
Class 1 Expectations
• Full-time College Attendance
• Time commitment Sophomore Year: 4-7 hour Saturday sessions, twice per
month Junior Year: 4- 7 hour Saturday sessions, every other month Assignments between sessions (~1 hour per week)
• Full engagement in the NYNY process• Commitment to personal growth and development• Openness to feedback • Commitment to the NYNY community
Joelle Barreau
United States Senator Kirsten Gillibrand
Kingsborough Community College
Transferring to Cornell University
in the Fall
Morgan StanleyBaruch College
Christian Sarmiento
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Reducing Poverty In NYC through NYNY Program Outcomes
4-Year College Graduates•Have expected lifetime earnings of $3,400,000 – double the earnings of a high school graduate.•Pay 2x more in taxes ($935, 000 vs. $475,000);•Use only 30% as much public assistance and government resources•Are almost twice as likely as high school graduates to receive formal training from their employers.•Had the lowest unemployment rates over the past three years.
Only 36% of community college students who intend to transfer to a 4-year college make the transition.
Only 11% of first generation college students graduate from college.
30% of Fellows began the program in community college. 100% are on track to successfully transfer.
100% of class one Fellows are on track to graduate (intensive mentoring has been statistically linked to college persistence ).
To be evaluated as we track our alumni
College students who have internships on average earn $42k after graduation. Those without internships earn $35k.
90% of class one Fellows have internships.
First-generation college students earn 10% less than their peers after graduation.
77% of NYNY Fellows are from low income families, and 45% live below the poverty line.
NY
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Internships Increased Lifetime Earning Potential
College Transfer
College Graduation
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NYNY Needs to Raise $2.5mm
1 In addition to all the technology-related expenses, it includes fundraising fees, D&O insurance, professional fees and other expenses2 Grants given to Fellows for travel to interviews, clothing, graduate school admission test preparation fees etc.
CommentsPersonnel Expenses
Program $ 929,696Development 198,244Operations 239,260
Total Personnel Expenses $ 1,367,200
Administrative ExpensesOffice Space $ 165,553Technology, General & Other (1) 126,899
Total Administrative Expenses $ 292,452
Program Expenses
Professional Development Grants (2) $ 234,000 Phased in over 150 Fellows in Class 1 and Class 2Curriculum Development 300,000 Pearson Foundation Curriculum Development ($450,000 over 18 months)Recruiting, Materials & Supplies 28,500 Food & Beverages 132,300 Venue Expense 77,400 Misc / Other 29,469
Total Program Expenses $801,669
Sub-Total of Cash Expenses $2,461,321Cost per student $ 2,051 Includes 200 Fellows plus 1,000 community college students
In-Kind Support 4,503,720 Includes volunteer time, internships, suits, etc.
Total Budget $ 6,965,041 % of Budget on Total Staff (incl. program staff) 20% 6% if excluding program staff% on Total Staff and Admin 24%% Delivered to Students (Program Exp + In-Kind) 76% 90% if including program staff
FY 2012 Budget
$150,000 for Community College Transfer Initiative
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Investments Generate Significant Donation Multiplier For Fellows
Comments
Meeting Space Donations
Laptop Subsidy
Professional Attire Subsidy
Career, Writing, Life-Coach Volunteer Time1
GMAT / LSAT / MCAT Kaplan Courses
ESL & Remedial Writing Classes
Summer Internship
Mentor-Coach Volunteer Time2
Cost per Student3
1
2
3
4
5
6
7
8
9
A $2,000 donation required to support a Fellow over 1 year results in $22,500 in support and services
Reflecting 11.5x donation multiplier
1 Calculated as 32 hrs of donated time per mentor multiplied by an avg. income of $40/hr per mentor for approximately 100 mentors (1.2$k annual income per person; $126k for total)2 Calculated as 344 hrs of donated time (8hrs over 18 Saturdays + 4 hrs a week) multiplied by an avg. income of $40/hr per mentor ($14k annual income per person; $2.75mm for total)3 Calculated as $2.36mm in staff and overhead expenses divided by 1,200 students (200 Fellows and 1,000 community college students)
Upfront Philanthropic Need Total Value to Fellow
$2,051
$22,519
$13,760
$5,000
$1,000
$1,000
$634
$500
$400
$225
11.5x Donation Multiplier
1
4
3
5
6
7
8
9
2
In-kind Support
13
Tom A. BernsteinPresident and Co-Founder
Chelsea Piers L.P.
Alexander S. FriedmanChief Investment Officer
UBS Wealth Management
Vernon E. Jordan Jr.Senior Managing Director
Lazard
Raymond McGuireGlobal Head of Investment Banking
Citigroup
Kathryn WyldePresident & CEO
Partnership for New York City
Steve DannhauserChairman and the Chief Executive
Weil, Gotshal & Manges LLP
Advisory Board Members
John H. Schaefer President and Chief Operating Officer of Global Wealth Management (Retired)
Morgan Stanley
Matthew GoldsteinChancellor,
The City University of New York
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Board Members
Robert Reffkin (Founder and President) Vice President, Goldman Sachs
Andrew Marks (Vice President)Analyst, Blue Ridge Capital
Roland Merchant (Vice President)Director, Eastdil Secured
Kimberly Harris (Secretary)Associate, Skadden, Arps, Slate, Meagher & Flom
Sebastian Arango (Treasurer)Vice President, Blackstone
Cindy Helen BreaVice President, Morgan Stanley
Marvet BrittoPresident, The Britto Agency
Howard W. Buffett*Executive Director, The Howard G. Buffett Foundation
Shawn GolharVice President, Barclays Capital
Daron Greene Director, BlackRock
Harry Hutchinson Vice President, Bad Boy Entertainment
Yusef Kassim Senior Member, Eton Park Capital Management
Joshua KushnerManaging Partner, Thrive Capital
Stephanie MannVice President, Citi
Andrea RemynHead of Corporate and Business Development (Financial Products), Bloomberg
Jamie SholemVice President, TPG Capital
Dan SmithManaging Director, Raines International Inc.
Ben TischLoews Corporation
Juan UribePrincipal, Boston Consulting Group
*Director Emeritus
Governing Board Members
15
NYNY Organizational Chart
Mentor Leadership Council
YoungLeadership
Board
Organization also reflects: 400+ Mentors 150 Fellows
Note: Strategic Partnerships responsible for Government Partners, Corporate Partners, Nonprofit Partners, and Volunteers. Development responsible for Foundations and Individual donors. Programs responsible for University Partners. Community College Initiative responsible for Community College Partners. Some modest overlap exists.
Executive Director
VP of Programs
Associate Director of Programs
Fellowship Program
Coordinator 1
Fellowship Program
Coordinator 2
VP of Community College Program
Community College Program Coordinator (Fall)
VP of Strategic Partnerships
Volunteer ManagerAssociate Director
of Strategic Partnerships
Internship Coordinator (December)
Strategic Partnerships
Manager
VP of Growth Strategy
Development Manager
COO & CFO
Operations Coordinator
Finance and Operations Manager
• Drum Major Institute (Exec. Dir.)• McKinsey & Goldman Sachs• Harvard Bschool & Kennedy School of Gov’t• Princeton University Trustee• President of Princeton Student Body
• CUNY and NYU (Teaching Faculty)
• Phillips Academy (Program Director)
• NYU (PhD), Michigan (MA), UVA (BA)
• Dare Mighty Things Consulting (Dir. of Strategic Partnerships)
• Univ. of Chicago (MA), Pitzer (BA)
• NY Cares (COO & CFO)• Morgan Stanley & Merrill Lynch• Ohio Wesleyan University (BA)
• CCS Fund Raising (Assoc. Director)
• Council on Foreign Relations
• Columbia Univ. (MBA & BA)
Governing Board
Advisory Board
• Co-Founder of Urban Assembly School for Law and Justice and
Executive Director of Adams Street Foundation
• Brown University (BA)