S O C I A L R E S P O N S I B I L I T Y R E P O R T 2 0 0 1
CREDIT SUISSE F IRST BOSTON FOUNDATION
Dear Colleagues and Friends,
I’m very proud to introduce this Report which describes the philanthropic
efforts of the Credit Suisse First Boston Foundation and the men and women
of the Firm who, through their volunteer efforts, make a positive impact on the
communities in which we live and do business.
Empowering change is more than an eye-catching phrase to support the image
and substance of a global investment bank that strives for excellence in all of
its endeavors. Building for the future, breaking down barriers to success and
creating opportunities for change are important parts of what we do in our day-
to-day business and what we support as a Firm through the Foundation and
the many volunteer programs described in this Report.
The Foundation’s mission is to support programs and education for inner city
youth and to contribute to cultural institutions in our community, both because
of their intrinsic value as a reflection of what we admire in the world around us
and because of the special benefits they offer to the Firm’s employees. While
it would be impossible to describe every act of kindness, support or expression
of the volunteer spirit which permeates the Firm, this Report will give you a
snapshot of the Foundation’s grant making activities and the volunteer
programs in which the men and women of Credit Suisse First Boston are
actively engaged.
I want to thank all of you who support the Foundation’s efforts with your time
and contributions and I hope that in the year ahead all our employees will find
a constructive way to give something back to the community in which they live.
Sincerely,
John J. MackChief Executive Officer
John J. Mack
Page
I. CSFB Foundation – Introduction 1
Mission and Priorities Statement 1
Grants 1
– United States 1
– Europe 1
– Asia Pacific 1
Cultural Commitment 2
Volunteer Program 2
Disaster Relief 3
II. Grants 4
United States 4
– Alphabetical Listing of Grants 7
Europe 8
– Alphabetical Listing of Grants 10
Asia Pacific 11
– Alphabetical Listing of Grants 12
III. CSFB’s Cultural Commitment 13
Museums and Other Cultural Institutions 13
IV. Volunteer Programs 14
Employee Volunteer Activities 14
Departmental Partnerships 20
V. Disaster Relief 24
VI. CSFB Perspectives 26
VII. Grant Making Guidelines 28
VIII. Conclusion 29
T A B L E O F C O N T E N T S
1
M i s s i o n S t a t e m e n t
The CSFB Foundation supports organizations whose primary goals are education and
programs that benefit inner city youth. This support takes the form of both financial
grants and employee volunteers. In addition, the Foundation supports the cultural
institutions in the major cities in which we work and live. Most of the Foundation’s
activities are focused on programs in New York City, the Firm’s headquarters in the
Americas. In addition, the CSFB Foundation allocates funds to our larger branch offices,
including Atlanta, Baltimore, Boston, Chicago, Houston, Los Angeles, Miami, Palo Alto,
Philadelphia, San Francisco and Washington, D.C. Finally, the Foundation coordinates
the philanthropic activities directed by the Europe Charity Committee and Asia Pacific
Philanthropic Committee.
I . C S F B F O U N D A T I O N – I N T R O D U C T I O N
G r a n t s – E u r o p e
The Charity Committee budget is directed primarily at local charities in the Docklands
area of London where our offices are situated. The focus of the funding is to support
organizations concerned mainly with children and education. The Committee also
regularly supports national charities, including the British Red Cross and Macmillan
Cancer Relief. The Charity Committee meets once a quarter to discuss the requests.
G r a n t s – U n i t e d S t a t e s
Choosing which organizations and programs to support financially in the United States,
principally in New York City, is an extremely difficult task given the hundreds of grant
applications the Foundation receives annually from respected groups. Programs for
young people at long established settlement houses, social service agencies and other
community organizations receive a significant portion of the Foundation’s financial grants.
We invest in the leadership of these groups, in innovative projects that may not attract
other funding and in organizations in which our employees are involved as long as they
are consistent with the Foundation’s mission.
The Future
Cheers, CSFB!
Costume Parade at the Globe
The Asia Pacific Philanthropic Committee was established in 1998 to fulfill the Firm’s
responsibility as a good corporate citizen within the nations of that region. Since its
founding, the Committee has donated to over 100 charitable organizations. The
Committee meets on a quarterly basis to consider proposals submitted by employees and
G r a n t s – A s i a P a c i f i c
2
Vo l u n t e e r P r o g r a m
CSFB employee volunteers are personally involved in improving our communities and
neighborhoods and share their time, talents and resources to bring hope and assistance
to those in need. By creating mutually beneficial volunteer programs for the community
and for CSFB employees, we strive to develop model programs, build support and
enthusiasm with our partner non-profits, and solve tough problems.
The CSFB Foundation provides employee volunteer opportunities for both ongoing and
one-time commitments. Individual and team-based volunteer projects offer a wide range
of commitment levels so that every employee can find a way to help.
Over the course of the year, hundreds of CSFB employees volunteered their time tutoring
children, delivering meals to people living with HIV/AIDS, revitalizing city parks and
gardens, visiting the elderly, and working to bridge the digital divide at schools and social
service agencies throughout New York City.
While this report includes a summary of our grants, it is also about people helping people
– volunteering their time, talents and resources.
Credit Suisse First Boston’s cultural commitment is concentrated in New York City, but
also includes other renowned museums and cultural centers. Employees and their
families are able to partake in a host of activities offered by these cultural institutions in
cities such as New York, San Francisco and Venice. The Foundation’s corporate
membership in many of these institutions gives CSFB employees discounts on
admissions and goods purchased in the museum stores, or dining at a museum
restaurant. In addition, the Foundation also funds programs such as the Brooklyn
Museum of Art’s Apprentice Program for high school juniors and seniors, which provides
students with the opportunity to learn and teach art to younger children during the
summer. Programs like the BMA Apprentice Program help the Foundation to fulfill its
mission of supporting educational programs for inner city youth.
C u l t u r a l C o m m i t m e n t
Brooklyn Museum of Art ApprenticeProgram
organizations and makes allocations as appropriate in Asia Pacific. The focus of CSFB
Asia Pacific’s philanthropic giving is disadvantaged children and education. Organizations
seeking funding must be registered charities located in the Pacific region where CSFB
conducts business.
Making new friends volunteering atGreenwich House
3
D i s a s t e r R e l i e f
When disasters like earthquakes, floods and epidemics strike, CSFB and its employees
respond by providing disaster relief funds, often through experienced service providers
such as CARE and the American Red Cross. More recently, in the aftermath of the World
Trade Center disaster on September 11th, the CSFB Foundation organized dozens of
employee volunteer efforts, ranging from preparing and serving food to rescue and
emergency crews to helping high school students displaced from their school by the
events to regain access to a computer network and continue their studies.
2 0 0 1 G r a n t s
New York City $ 2,764,523
Branch Offices outside New York City 377,500
Europe 840,000
Asia Pacific 440,000
Business Line Contributions* 10,830,000
Total $15,252,023
2 0 0 1 C S F B F o u n d a t i o nC o n t r i b u t i o n s b y C a t e g o r y
Arts7%
Education33%
Health & Nutrition6%
HumanServices
31%
Sports &Recreation
3%
YouthDevelopment
20%
* Paid out of the various business lines within CSFB, these gifts are by design business-related andgenerally support the charitable interests of our clients.
CSFB Volunteers working withAmerican Red Cross
Each year, CSFB
supports hundreds of
programs and
in i t ia t ives serv ing
educat ion, the ar ts ,
heal th , human serv ices
and youth
development .
4
Henry Street Settlement BaseballPlayers
U n i t e d S t a t e s – C o r e G r a n t s
In 1998 the CSFB Foundation trustees identified five key organizations which best
represented the Foundation’s mission, had senior management on their boards and
offered volunteer opportunities for our employees. We call those organizations our CORE
group. That list has since expanded to eight organizations. Below is a brief description
of our CORE group.
CityKids Foundation is a New York-based, multi-cultural organization which provides
young people with a forum to discuss and develop constructive responses to issues of
importance to them – racism, drugs, peer pressure, AIDS, violence, literacy, etc. With
programs focusing on self-esteem, health and education, CityKids is dedicated to
communicating positive values to youth and helping them change their world.
Good Shepherd Services is a social service and youth development agency that serves
over 10,000 New York City children and families each year. Good Shepherd Services
provides a continuum of services that includes citywide residential and group care, foster
care/adoption, and professional training services as well as a network of twenty
community-based social, educational, cultural, recreational, health-related, and
vocational-training programs that serve children and adults in New York neighborhoods.
Henry Street Settlement seeks to curb urban poverty by providing individuals and families
with crucial social and cultural services. Today the Settlement’s programs include four
transitional residences for the homeless, a battered women’s shelter, a mental health
clinic, a senior center, a multi-disciplinary arts center, services to homebound New
Yorkers, a day care center, and a broad spectrum of educational, recreational and
vocational programs for youth. Each year, Henry Street reaches 100,000 people.
Junior Achievement of New York (JANY) is the largest partnership linking the business
sector with education in New York City. Each year, more than 2,500 business people
from a variety of industries and management levels volunteer their time to teach JANY’s
programs. The organization offers in-school programs at every grade level. The purpose
of JANY is to “educate and inspire young people to value free enterprise, understand
business and economics, and be workforce ready.”
Prep for Prep is a long-term program to develop the leadership potential of able young
people from segments of society underrepresented in the leadership pool from which all
of our major institutions draw. Prep’s strategy is to identify talented students from
I I . G R A N T S – U N I T E D S T A T E S , E U R O P E A N D A S I A P A C I F I C
Prep for Prep
5
minority group backgrounds, prepare them for placement into independent schools, and
provide a sense of community, peer support, critical post placement services, and a range
of leadership development opportunities.
Pride First is a community-based organization dedicated to improving the scholastic
achievement of young people in Harlem. Through an accelerated learning program and
recreational and cultural exchanges, Pride First works to raise self-esteem, confidence
and dignity, and expand the sense that anything is possible.
Student Sponsor Partners (“SSP”) provides as many of New York City’s at-risk high
school youth as possible with an opportunity to receive a quality non-public high school
education through the financial support, and one-to-one mentoring guidance of a 4-year
sponsor. In doing so, SSP helps young people earn their high school diplomas, and thus
makes a direct and meaningful impact on young peoples’ lives.
The YMCA of Greater New York is a community-based service organization dedicated to
build the mind, body and spirit of New Yorkers, and the quality of life in New York City.
With values-based programs emphasizing education, health and recreation, the Y serves
women and men of all ages, races and religions, with a focus on youth.
Development School for Youth’s Team of All-Stars
Halloween party at the YMCA
6
T h e R o b i n H o o d F o u n d a t i o nL i b r a r y I n i t i a t i v e
The CSFB Foundation recently donated US $1.15 million to fund, in partnership with the
Robin Hood Foundation and the Board of Education, a pilot program to create or rebuild
libraries in ten elementary schools in New York City.
It is well-recognized that the New York City schools must improve the quality of students’
overall educational and learning experience. The school system has 1.1 million children
in 656 elementary schools, many of them either without libraries or with inadequate
library facilities. Only forty percent of children in the third through eighth grades read at
or above their grade level. Fewer than fifty percent of children in New York City public
schools graduate from high school within four years. This new pilot program will be
directed at improving these unacceptable conditions by reinventing the elementary school
library and related services. Schools with better library programs have better reading
scores, and the library and its staff are among the most stable and permanent part of a
child’s elementary school experience.
The CSFB and The Robin Hood Foundation partnership will rebuild elementary school
libraries into vibrant, state-of-the-art facilities and will help to integrate these facilities into
the school and the community. Librarians will be trained and certified. Hours will be
extended and libraries will be open on weekends. Book collections will be improved. The
pilot program, which is nearly complete, is creating or rebuilding ten school libraries
throughout the five boroughs. The first sites chosen are in the most disadvantaged
neighborhoods. The ultimate goal is to attract other financial support to create or rebuild
libraries in all of the 656 New York City elementary schools over the next three-to-five
years.
One important part of this pilot program will be the opportunity for CSFB employees to
become directly involved by adopting a school, mentoring and tutoring students, bringing
career discussions to schools, sponsoring book drives and other similar activities.
For both CSFB and The Robin Hood Foundation, this is a significant commitment to our
community and the children in our public elementary schools.
CSFB Foundat ion
Forms Corporate
Partnership wi th
The Robin Hood
Foundat ion to Improve
New York Ci ty Schools
Computers in New York Cityelementary school library
Doorway to knowledge
7
ARTSAmerican Spanish Dance TheaterAmerica’s SocietyBallet HispanicoBoys and Girls Harbor Boys Choir of HarlemCityKids FoundationCreative Alternatives of New YorkCreative Arts TeamEducational Equity ConceptsFree Arts for Abused ChildrenInside BroadwayInterSchool Orchestras of New YorkLar Lubovitch Dance Company
EDUCATIONCenter for Social & Emotional EducationChange For KidsClearpoolCommittee of Hispanic Children &
FamiliesCommunity District 2: Reading Recovery
ProgramCommunity ImpactCooper Union: Summer Internship
ProgramCoro FoundationEast Harlem Tutorial ProgramEverybody Wins!Gateway SchoolHarlem Center for EducationiMentorInner-City Scholarship FundJunior Achievement of New YorkKnowledge ProjectLearning LeadersLiteracy Partners
Mary McDowell Center for LearningMinds Matter of NYCMOUSE (Making Opportunities for
Upgrading Schools & Education)NOLS (The National Outdoor
Leadership School)New York City Act-SoNew York Presbyterian Hospital:
Reading ProgramNew York Public LibraryOutward Bound of New York CityPENCIL (Public Education Needs Civic
Involvement in Learning)Prep for PrepPride First CorporationRobin Hood FoundationSave the ChildrenSchool for the Physical CitySTRIVEStudent Sponsor PartnersTeach for AmericaTeak FellowshipPublicolor
HEALTH & NUTRITIONChildren’s Blood FoundationChildren’s Hope FoundationCitymeals-on-WheelsEugene Zitwer FoundationGod’s Love We DeliverLeukemia & Lymphoma SocietyMarch of Dimes Terence Cardinal Cooke Health
Care Center
HUMAN SERVICESAmerican Red CrossAssociation to Benefit ChildrenCamphill FoundationCARECareer GearChildren’s Aid SocietyCooke Center for Learning &
DevelopmentCovenant HouseGood Shepherd ServicesGrand Street SettlementGreenwich HouseHabitat for HumanityHELP USAHenry Street SettlementNational Urban LeagueProject ReturnResources for Children with Special
NeedsSalvation ArmyYAI: National Institute for People with
Disabilities
RECREATION & SPORTSAsphalt GreenCity Parks FoundationFiver FoundationFresh Air FundMorry’s CampProspect Park AllianceSpecial Olympics of New YorkTrail Blazers
YOUTH DEVELOPMENTAll-Stars ProjectBig Brothers Big SistersBoys and Girls Clubs of AmericaBoys Club of New York FIRSTFresh Youth InitiativesGirl Scout Council of Greater New YorkGlobal KidsJunior League of the City of New YorkNew York CaresPolice Athletic LeagueProject Reach YouthYMCA of Greater New York
U n i t e d S t a t e s – G r a n t s
New York City elementary school reading room
8
E u r o p e – G r a n t s
Most of CSFB’s grants in Europe are concentrated in London, the location of the Firm’s
largest European office. Examples of recent charitable grants and activities follow.
Shakespeare’s Globe – Globe Education works with students of all ages and abilities both
in the U.K. and internationally. Support from Credit Suisse First Boston has enabled
Globe Education to develop both the quality and the quantity of its work with children
studying at Key Stage 2.
In the past academic year, 11,695 students in 238 schools have participated in Key
Stage 2 workshops. Globe Education has been able to develop and implement an
intensive training and professional development program for its practitioners, creating a
team of Key Stage 2 specialists. This team not only works on a daily basis, leading
workshops, but also contributes to the development and delivery of Globe Education’s
continuing professional development program for teachers, distance learning projects and
work with students who have Special Education needs.
Support from Credit Suisse First Boston has also enabled Globe Education to offer
ChildsPlay workshops for 8-11 year olds during Saturday matinee performances in the
Globe Theatre.
In a workshop setting, the students were given an introduction to Shakespeare and his
works through a series of storytelling exercises and through an exploration of his
playhouse, the Globe Theatre. The workshops are led by one of Globe Education’s
acclaimed actor teachers who aim to provide, for many of the participants, their first
introduction to Shakespeare’s plays and his times. The students also visited the
Shakespeare’s Globe exhibition, which, with its technological and traditional interactive
elements, provides an even greater understanding of the Globe.
Three Knights of the Globe
Future Actors-in-Training at the Globe
9
Royal Academy Education Workshops – CSFB was the main sponsor of “The Genius of
Rome 1592-1623, Caravaggio, Annibale Carracci, Rubens” exhibition at The Royal
Academy in 2001. The Royal Academy ran educational workshops for six groups of
approximately 25 children. The children also tried their hand at still life sketches.
Robin Hood Gardens Estate and Mudchute Farm – CSFB has been involved with two
employee-volunteer activities in our local community this year. Both these initiatives were
carried out with Trees for London, a charity which is exclusively involved with helping local
communities improve their open spaces by the planting of trees, shrubs and plants.
The first expedition was to the Robin Hood Gardens Estate in January. Despite a cold
and frosty day, CSFB employees planted for about six hours. CSFB’s team and other
volunteers planted over 1,000 trees, plants and shrubs which turned a piece of rough
ground into a picture of color and life.
In the summer, CSFB produced a team of volunteers to do some clearing and planting of
new flowerbeds at Mudchute, which is a local community center and farm.
Habitat for Humanity – Over the last three years, volunteers from CSFB have helped build
homes in the London Borough of Southwark, not far from our London offices.
Founded in the U.S., Habitat has built over 100,000 houses worldwide. Southwark
Habitat for Humanity began in 1997 and has built homes for seven families. Habitat for
Humanity houses are built through volunteer labor (unskilled and skilled) and donated
money and materials. The houses are then sold to future homeowners at cost, with a
long-term, interest-free mortgage. The homeowners also put hundreds of hours of their
labor, called “sweat equity,” into the building process. Mortgage payments are deposited
into a “Fund for Humanity” that is used to build more houses for other families in need.
Originally, the CSFB volunteers gave their time on Saturdays. The team spirit from these
events was so positive a number of groups have included team building days at Habitat
in their recruiting or training programs. Recently, CSFB announced a Give-a-Day-to-
Charity Scheme through which London employees will be able to volunteer at the CSFB-
sponsored home on company time.
Building for Habitat for Humanity
On a coffee break working for Habitat
Planting at Mudchute Farm
C h a r i t y C o m m i t t e e E u r o p e
Jonathan Davie, Chairman
Paul Buckley
Isabel Doverty
Jon Grussing
James Leigh-Pemberton
David Mulford
Simon Prior-Palmer
Mark Seligman
Ashe Windham
10
E u r o p e – G r a n t s
ARTSRoyal Academy Education Workshops
Shakespeare’s Globe
EDUCATIONBetts Street Playgroup
Bromley Hall School
Chisenhale Primary School
East London Schools Fund
East-Side Educational Trust
Eleanor Smith School
Fair Play for Children
Finton House School
Help a London Child
KIDS
KIDS Company
Oxford House
Stephen Hawking School Trust
Trees for London
HEALTH & NUTRITIONCrisis FareShare
DEBRA (Dystrophic EpidermolysisBullosa Research)
Douglas House Hospice for Children
Down’s Syndrome Association
Evelina Children’s Hospital Appeal
Foundation for the Study of InfantDeaths
GOSH (Great Ormond Street Hospital)
Haven House Foundation
Little Haven Children’s Hospice
Macmillan Cancer Research
Multiple Sclerosis Society (Jazz Parade2000)
Queen Elizabeth Hospital
SPARKS (Sport Aiding MedicalResearch for Kids)
St. Bartholomew’s Hospital
Trinity Hospice
HUMAN SERVICESBarnardo’s
Business Action on Homelessness
Business in the Community
The Cedar Centre
Centrepoint
Child Victims of Crime
Childline
Children In Need
Citizens Advice Bureau
Comic Relief
Community Links
Company of Hackney Carriage Drivers
East London Business Alliance
Family Welfare Association
Habitat for Humanity
Isle of Dogs Community Foundation
London City Mission
National Homeless Alliance
NCH (National Children’s Home)
Neighbors in Poplar
Rainbow Trust Children’s Charity
Robin Hood Gardens Education andTraining Trust
SPLASH (South Poplar & LimehouseAction for Secure Housing)
St. Giles Trust
Tech4All
Tower Hamlets Mission
Workforce
RECREATION & SPORTSLondon Coaching Foundation
Mudchute Park & Farm
REMEDI
YOUTH DEVELOPMENTAston-Mansfield
Cryptics Youth Club
East London Small Business Centre
Funbus Funbook
Hope for Children
Limehouse Met Police for YouthDiversity Scheme
London Youth Clubs
London Youth Trust
Parents for Children
Poplar Hazard House
The Prince’s Trust
Raleigh International
Smart Change
Spitalfields City Farm
Wooden Spoon Society
A welcome change of pace from the training program for new employees
11
A s i a P a c i f i c – G r a n t s
As part of its philanthropic efforts in Asia, CSFB supports a variety of projects and
programs in a dozen countries. One of the principal projects recently has been support
for a number of rural school projects in China’s interior provinces. This effort began with
our first school refurbishment in 1999, but has grown into a theme for giving in China.
The projects are supported via a number of charities that are based in Hong Kong but
operate on the mainland, including the Caritas organization, the Hong Kong Christian
Council and Oxfam Hong Kong. In 2001, CSFB has committed to the complete
rebuilding of three schools: one in each of the southwestern provinces of Yunnan and
Guangxi, and one in the northwestern province of Shaanxi. The remote areas where
these schools are located are home to hard-working but impoverished communities. In
all cases, the school projects are undertaken with the full cooperation of the local
government at the village and district level. Because of the low costs in these areas, a
great deal can be achieved with relatively modest donations: the Oxfam project is being
undertaken on a budget of $26,000 (with matching funds from the local authorities) while
the other two are in the neighborhood of $20,000. For these amounts, entire schools
can be built that will help hundreds of children in these villages.
In June 2001, CSFB was one of a handful of corporate donors that made possible the
first visit by the ORBIS Flying Eye Hospital to Haikou, the main city on China’s Hainan
Island.
The three week Haikou program was conducted by a team of doctors, nurses,
anesthetists, and biomedical engineers from 13 different countries. 56 ophthalmologists
observed and assisted with surgery performed by volunteer surgeons from Canada,
Mexico, Germany, Italy and Argentina on board the ORBIS DC-10, as well as at Hainan
Provincial People’s Hospital. Participants also attended weekly evening lectures and
practiced corneal transplants and cataract removals in a special laboratory set up at the
airport.
In addition, six local nurses received intensive hands-on-training from the ORBIS nursing
staff, attending daily lectures and working in the DC-10’s operating room, substerile room
and recovery room. ORBIS anesthetists also shared their skills with two local
counterparts, while ORBIS biomedical engineers trained eight local technicians.
ORBIS aims to provide training and the transfer of sustainable skills tailored to the needs
of its partners. In Haikou, ORBIS screened 209 patients as potential candidates for
surgical teaching cases and conducted 47 surgical teaching cases on the DC-10 and 16
at Hainan Provincial People’s Hospital. Six laser operations were also conducted on the
airplane.
Former Mengdan primary school –People’s Republic of China
New Mengdan primary school –People’s Republic of China
12
A s i a P a c i f i c – G r a n t s
EDUCATIONChina School Reconstruction Project, Caritas Hong Kong,
People’s Republic of China
Developments in Literacy, Pakistan
Oxfam China Schools Program, Oxfam Hong Kong, People’sRepublic of China
Poinsetta Primary School, Hong Kong, People’s Republic ofChina
Rebuilding Collapsing Schools Project, Hong Kong ChristianCouncil, People’s Republic of China
HEALTH & NUTRITIONArdoch Youth Foundation, Australia
Make A Wish Foundation of Australia
ORBIS, People’s Republic of China
Starlight Children’s Foundation, Australia
Techotots, Australia
Variety Club’s Children Party, Australia
YOUTH DEVELOPMENTBackward Class Girl’s Hostel, India
Camp Quality, Australia
Care for Children, People’s Republic of China
Chiming Bell Children’s Home, Japan
CRY, India
Joomong Rehabilitation Centre, South Korea
Matilda Sedan Chair Race Charities Fund, Hong Kong
Mother’s Hope, India
Operation Santa Claus, Hong Kong
Pattaya Redemptorist, Thailand
Profession Sevens, Hong Kong
Project Hope, People’s Republic of China
Project K, New Zealand
Riding for the Disabled, Singapore
Save the Children, Hong Kong
Siam Reap Provincial Orphanage, Cambodia
SUPPORT (Society Undertaking Poor People’s Onus forRehabilitation), India
Wellington City Mission, New Zealand
YMCA International Charity Run, Japan
Youth Challenge, Australia
Three villagers in front of their new home in Orissa, India Houses built by Credit Suisse First Boston in partnership withCARE in Orissa, India
A s i a P a c i f i c P h i l a n t h r o p i c C o m m i t t e e
Stephen E. Stonefield, Chairman
Thomas Grimmer
Patrick P. Kerrigan
John Moore
Eoin F. O’Shea
Susumu Omori
Alan H. Smith
Andrew Porter
Bill R. Trotter
Eric M. Varvel
Pote P. Videt
Joyce Yim
13
M u s e u m s a n d O t h e r C u l t u r a l I n s t i t u t i o n s
American Ballet Theatre
American Museum of Natural History
Brooklyn Academy of Music
Brooklyn Children’s Museum
Brooklyn Museum of Art
Carnegie Hall
Central Park Conservancy
Children’s Museum of Manhattan
China Institute
Exploratorium
The Solomon R. Guggenheim Museum
Jewish Museum
Lincoln Center Consolidated
Corporate Fund
(including Chamber Music Society,
Lincoln Center for the Performing Arts
Lincoln Center Theatre
Metropolitan Opera
New York City Ballet
New York City Opera
New York Philharmonic)
Metropolitan Museum of Art and The Cloisters
Museum for African Art
Museum of the City of New York
Museum of Modern Art
The New York Botanical Garden
New York Public Library
San Francisco’s Museum ofModern Art
San Francisco Symphony
Studio Museum in Harlem
Swiss Institute
Tech Museum of Innovation ofSan Jose
Whitney Museum of American Art
Wildlife Conservation Society
Credit Suisse First Boston is committed to supporting the major cultural institutions in
New York City, the site of the Firm’s largest office in the United States. Through the
Foundation, we make grants to support a wide variety of activities including music,
theater, dance, museums, libraries and conservation sites. Our cultural roots reach
deep into the community in which we work and many of us live. The cultural
organizations we support often make available special benefits to our employees in
connection with admission and purchases of goods, thereby extending the benefit of the
Foundation’s cultural mission to the men and women of Credit Suisse First Boston.
The organizations we support are:
I I I . C S F B ’ S C U L T U R A L C O M M I T M E N T
14
I V. V O L U N T E E R P R O G R A M S
CSFB employees around the world are personally involved in a number of volunteer
activities ranging from hands-on efforts to board memberships – helping to make a
difference in the communities where we work and live.
Knowing that it is impossible to report on every individual act of kindness, these are just
recent snapshots highlighting a few programs where we have seen a dramatic increase
in employee involvement and a strengthened community presence. We have a very
special commitment to supporting volunteer efforts in the communities where we do
business. We intend to expand our volunteer efforts so that we can continue to help
more people live happier, healthier, and more productive lives.
YOUTH AND EDUCATION
Student Sponsor Partners involves nearly 75 CSFB employees who, through a
combination of financial and personal support, help students earn high school diplomas.
Each student accepted to the program is paired with a sponsor who agrees to develop a
relationship with the student and pay all, or a portion, of the student’s tuition throughout
their high school education.
Everybody Wins/Power Lunch is a lunchtime literacy and mentoring program matching
elementary school students and 60 CSFB employees who read on a weekly basis to the
children on their lunch hour at the Epiphany School and P.S. 116. One day a week
CSFB employees in New York City and students enjoy conversation and read a book
together.
School for the Physical City students receive weekly math and SAT preparation from
CSFB employees who tutor and teach several students in math, science, humanities and
computers at Eleven Madison Avenue.
Junior Achievement of New York sends volunteers to area schools to present hands-on
curriculum to grades K-12, one hour a week, for five-to-ten weeks, depending on the
program. Additionally, CSFB employees help raise funds for this organization by
participating in annual fundraising events such as Junior Achievement’s Bowl-A-Thon.
East Harlem Tutorial Program is an award-winning non-profit youth educational program
offering educational assistance to young people and their families in East Harlem. The
program has doubled its student base from last year, and CSFB employees provide “one-
on-one” tutors in a variety of areas – reading, math, science, computers and the creative
arts.
E m p l o y e e Vo l u n t e e r A c t i v i t i e s
CSFB Volunteer Fair 2001
Junior Achievement Bowl-A-Thon
“We make a living by what we get, we make a life by what we give.”
– Winston Churchill
School for the Physical City Study Hall
15
Henry Street Settlement – The Division of Youth Services emphasizes the importance of
academic excellence, while building the social skills, leadership qualities, and emotional
well-being necessary for personal and professional success. More than 2,000 children,
teens and adults participate in Henry Street’s programs every year. CSFB employees
tutor teens aged 14-18 after school, evenings and weekends, providing guidance and
support, especially regarding careers.
CSFB Career and College Series/Lectures for “At-Risk” Youth – This is an ongoing
program at CSFB designed to help young people stay in school by introducing them to
careers in various fields in investment banking. This workshop series utilizes various
CSFB departments to partner with organizations the Foundation supports. The Police
Athletic League and Human Resources, Henry Street Settlement and Information
Technology, and Publicolor and Audit are a few of the organizations and CSFB
departments that have formed partnerships and participated.
MENTORING PROGRAMS
Big Brothers Big Sisters Workplace Mentoring Program is a bi-monthly mentoring
program for students who are brought to CSFB for workplace activities from 3:30 p.m.
to 5:30 p.m. The program includes a certified social worker overseeing and facilitating
the program as well as one-to-one mentoring which includes trips to museums and other
outside events.
Good Shepherd Services is a social service agency that has a weekly mentoring program
involving CSFB employees who serve as role models and mentor high school girls in
foster care. Participation involves activities such as meeting with the youngsters at one
of the residential facilities, field trips, internships and job shadowing.
Development School For Youth is a program of The All-Stars Project monthly leadership
training and career education workshops. Designed to enhance leadership performance,
the multi-racial group attended weekly workshops at CSFB learning how to write a
résumé, speak in public and dress professionally.
Take Our Daughters to Work Day included nearly 200 CSFB daughters, 115 volunteers,
22 departments and 20 senior CSFB executive women serving as role models and
preparing the next generation for Wall Street. This event is the single largest effort
involving the most CSFB employees over the course of one day.
The Law Explorers Program enables high school students to learn about the legal
profession from members of the Legal & Compliance Department. Students participate
in interactive sessions in which they are taught skills, including negotiation, advocacy and
trial techniques. A number of these students participate in the Law Explorers’
competitive mock trial program. The Department holds monthly meetings to teach high
school students about the practice of law as a possible career choice.
Big Brothers Big Sisters
Take Our Daughters to Work Day
Good Shepherd girls and their mentors
16
Happy Valentine’s Day – TerenceCardinal Cooke Health Care Center
CSFB Volunteers Light the Night forLeukemia & Lymphoma Society
Friends are made at CSFB’sCounselor for a Day with Fresh AirFund
Urban Peace Academy in East Harlem pairs CSFB employees with junior and senior high
school students at Urban Peace Academy making the commitment to meet for four hours
a month outside of school.
iMentor matches young people from underserved communities with adult volunteers who
share career interests. CSFB mentors e-mail their protégés, meet in person from time-
to-time, and complete projects together on-line to help students learn about careers and
technology.
Sponsors for Educational Opportunities, Prep for Prep, I Have A Dream Foundation and
Good Shepherd Services have had inner city student interns working at CSFB during the
summer. These high school and college students work in all areas of CSFB.
HEALTH
March of Dimes Greater New York Chapter received more than $140,000 due to the
fundraising efforts of the CSFB Walk America Team, including nearly 25 employees who
walked and hundreds more who contributed to help us reach our longstanding
commitment to this group.
The AIDS Rides, The AIDS Vaccine Ride and AIDS Walk received more than $47,000
due to the fundraising efforts of a number of CSFB employees who raised money for
research, providing support and promoting awareness for AIDS.
Leukemia & Lymphoma Society received a combined total of over $25,000 and volunteer
support from CSFB employees who participated in their annual fundraising efforts
including “Team in Training”, “Man and Woman of the Year” and “Light the Night” by
obtaining sponsorship pledges to help improve the quality of life of patients and their
families.
New York Blood Center received hundreds of pints of blood for area hospitals from CSFB
employees who donated during our quarterly blood drives.
Terence Cardinal Cooke Health Care Center and The Jewish Home and Hospital received
over 400 Valentine’s Day cards and gifts from employees who took time to purchase and
send heartfelt wishes to senior citizens living in nursing homes.
American Heart Association’s Wall Street Run – Each year, a team of CSFB employees
participates in the annual Wall Street Run to support the American Heart Association in
their fight against heart disease and stroke.
17
Parkinson’s Unity Walk – CSFB employees teamed up for a two-mile loop around the
park to support a cure for Parkinson’s disease. Every dollar raised goes directly to
research to help find a cure.
Avon 3-Day Breast Cancer Walk – The walk takes place in several cities where CSFB
employees both live and work – Atlanta, Boston, Chicago, Los Angeles, New York, San
Francisco, Seattle and Washington, D.C. Employees organize teams and participate by
walking approximately 60 miles over three days to raise money and awareness for the
fight against breast cancer.
God’s Love We Deliver – CSFB employees prepare meals for people living with
HIV/AIDS. Volunteers work in a professional 4,000 square feet kitchen with a trained
chef chopping, cutting and preparing meals to be delivered to people living with this
illness.
Citymeals-on-Wheels – Each year, CSFB employees participate in the “Have-A-Heart”
fundraising campaign where employees donate a portion of their lunch to provide hot,
nutritious meals for homebound senior citizens. Additionally, throughout the year, CSFB
volunteers write letters to homebound residents to lift their spirits.
PROGRAMS FOR THE ELDERLY
While most of the Foundation’s efforts are dedicated to helping inner city youth, we also
support programs and communities outside our mission where CSFB employees are
personally involved. For this reason, we have developed special partnerships with elderly
residents living in nursing homes needing extra attention. The results have been
heartwarming, and include CSFB employees serving meals and visiting with senior
residents who have very few family and friends with whom to talk or celebrate a holiday
season. Two such examples are:
CSFB Corporate Cupids – CSFB employees brighten hundreds of senior citizens’ lives on
Valentine’s Day by purchasing or making special Valentine cards and including small gifts
such as teddy bears, chocolates and crossword puzzles. CSFB Corporate Cupids bring
smiles to residents living at The Jewish Home and Hospital, Terence Cardinal Cooke
Health Care Center and The Visiting Neighbors Program.
Elves for the Elderly – CSFB employees bring cheer during the holiday season to elderly
residents by purchasing gifts for nursing home residents. Becoming an “Elf for the
Elderly” is easy – CSFB employees choose to purchase something from one of the
resident’s wish list, then they wrap and attach their gift with a holiday card. The CSFB
Foundation makes the delivery to the nursing home in time for the holidays.
God’s Love We Deliver –Chefs for the Day
A CSFB Corporate Cupid gift
Elves for the Elderly – occasionallySanta shows up, too
18
Habitat Handyman
Painting hallways with Publicolor at aNew York City public school
COMMUNITY RESTORATION
Riverside Valley Community Garden/Jenny’s Garden received many new plants and
helping hands from the Information Technology Department who planted flowers to
expand and preserve more green space in New York City.
Habitat for Humanity New York produced “sweat equity” from hundreds of CSFB
employees who spent their time and weekends helping to build affordable apartments for
those who are less fortunate in Harlem, Brooklyn and the Bronx.
Stuyvesant Square Park was spruced up when several volunteers from CSFB helped
“mulch, edge, clean and green”, getting the Park ready for the summer months on New
York Cares Spring Clean-Up Day.
Madison Square Park – More than 35 employees and family members contributed to New
York City’s emotional and physical rebirth, by planting hundreds of daffodil bulbs in
Madison Square Park in memory of those lives lost on September 11th. Next spring,
these bulbs will bloom into “fields of gold” designed to lift the spirits of all New Yorkers
and visitors.
Publicolor – CSFB employees teamed up with Publicolor to help transform several inner
city public schools – Jackie Robinson, St. Augustine, Immaculate Conception and John
Jay High Schools. CSFB volunteers painted with students and discussed career and
education choices – giving everyone a golden opportunity to share and exchange in an
unforgettable and unique experience together.
Greenwich House – CSFB employees volunteered their time and energy at Greenwich
House, one of the country’s oldest and largest social service agencies. On the hottest
day of the summer, volunteers painted Greenwich House’s historic gymnasium, which
serves as a crucial recreation venue for the Greenwich House preschoolers and seniors,
all of whom come from economically disadvantaged backgrounds.
LaGuardia Center – Training Associates from IT participated in painting a nursery at
LaGuardia Center in Harlem. The volunteers split into teams and helped brighten the lives
of the children.
Audrey Johnson Day Care Center – Employees from Corporate Events painted a mural
at the Audrey Johnson Day Care Center in Brooklyn.
New York Cares – A team of employees participated in the 10th Annual New York Cares
Day by painting classroom murals and recreational areas at P.S. 142, The Amalia Castro
School, located downtown near the site of the World Trade Center disaster.
19
RECREATIONAL ACTIVITIES
New York Special Olympics Metro Tournament – Employees from CSFB participated in
the 13th Annual Special Olympics Metro Tournament in New York. The employees
helped escort and cheer on the athletes and distributed lunches to the participants and
coaches.
Fresh Air Fund’s CSFB Camp Counselor for the Day – A group of CSFB employees
spent a day at one of the Fresh Air Fund camps in Fishkill, New York. The day at camp
included meeting 9-12 year old campers who were spending a free, two-week summer
vacation in the country. The CSFB volunteers organized a special scavenger hunt and
decorated treasure boxes filled with items from the great outdoors.
Children’s Hope Foundation – CSFB volunteers spent a Saturday afternoon helping
Children’s Hope Foundation host their annual summer carnival at Columbia University.
Children’s Hope Foundation aims to improve the quality of life for children and their
families infected with HIV or AIDS. Volunteers managed carnival activities, such as
games, arts and crafts, food and prizes.
Rosie and Harry’s Place – A team from the Equity IT decorated t-shirts and made ice
cream sundaes with children living at this temporary homeless shelter.
BOARD MEMBERSHIPS
In addition to the volunteer activities described above, over 100 CSFB employees in the
United States serve on the Boards of Directors of community groups, foundations,
hospitals, social services agencies, educational institutions, disaster relief organizations,
arts councils and recreation groups.
Special Olympics team
Helping Hands – Durrance Elementary School
20
The CSFB Foundation is committed to providing opportunities for employees that meet
various work schedules and reflect employees’ areas of interest. Consequently, we work
with many of the business line department heads and develop specific volunteer activities
for their groups so our employees can continue to develop the spirit of teamwork in the
community.
INFORMATION TECHNOLOGY
Benjamin Banneker Academy in Brooklyn received a new computer lab thanks to the IT
Department whose volunteers donated their time and talents installing and configuring 26
new personal computers and training a part-time technician to run the program at the
school.
Good Shepherd Services – A team of volunteers from IT worked long hours and evenings
to make it possible for more than 100 girls and staff at several foster care group
residencies to have computer access to learn Internet, Word, Excel and basic software
programs. The computer lab will be used for education, SAT preparation, job search,
résumé writing and job readiness. IT volunteers offered technical guidance and support
for set up and configuration, wiring, cabling, installation and training. The computers are
fully operational, and housed in a work-like environment with new furniture.
Ronald McDonald House – Contributing technology skills does not always involve
installing computers, as a team of IT volunteers who set out to provide the Ronald
McDonald House of New York with a new website. Adopting the website as their
volunteer project involved redesigning the current site and training staff members on how
to maintain it.
New York Cares Garden Beautification Project – Nearly 30 volunteers from IT “seeded
up for a good cause” with New York Cares and helped to beautify New York City. The
volunteers spent the afternoon digging, planting, mulching, and watering at Jenny’s
Garden in Riverside Park at 142nd Street. Working together, they transformed a bare plot
of land into a beautiful flower and shrub garden in just a few hours.
High School of Economics and Finance – When the call came for technological
assistance to help one of the schools displaced by the World Trade Center tragedy, CSFB
IT volunteers stepped up to the challenge. The teachers and administrators at the High
School of Economics and Finance, which had been relocated from the site to another
high school on 33rd Street, found themselves with no computers and no way to return to
their internal networks or the Internet. IT volunteers provided services to bring the
students back on-line. A number of our vendors contributed equipment essential to the
project, including IBM, Hewlett Packard and Microsoft.
D e p a r t m e n t a l P a r t n e r s h i p s
Creating T-shirts at Rosie and Harry’sPlace – Equity IT
Learning the ropes at a CSFB tradingdesk
IT volunteers getting ready for a Luauat Terence Cardinal Cooke Health CareCenter
21
Career and College Series for At-Risk Youth – As part of the Foundation’s ongoing
commitment to provide young people with opportunities to build better lives, the CSFB
Foundation organized The Career and College Series for At-Risk Youth involving partner
non-profits and specific departments within the Firm. Volunteers from IT shared their
experiences and advice on career opportunities with young people participating in Henry
Street Settlement’s Jobs For Youth Apprenticeship Program. Following the
presentations, members from IT and other CSFB departments met with the young people
about job opportunities and discussed their future goals and aspirations.
Twilight Garden Club – During the summer, a group of IT volunteers spent early evenings
with senior citizens at Terence Cardinal Cooke Center. The group quickly became known
as the “Twilight Garden Club” because they decorated a small garden at the Center and
hosted a one-hour social for the elderly residents. Volunteers used their team-building
skills to transform an outdoor garden into a festive event.
CREDIT RISK MANAGEMENT DEPARTMENT
Employees from Credit Risk Management (“CRM”) showed their “tools of the trade” by
helping to build low-income housing at one of Habitat For Humanity’s site on East 170th
Street in the Bronx.
In partnership with CARE International, CRM employees from around the globe
participated by sending educational gifts or care packages to preschool children in Orissa,
India, an area devastated by floods last holiday season.
HUMAN RESOURCES AND CAMPUS RECRUITING DEPARTMENT
Volunteers from Human Resources (“HR”) sent hundreds of summer associates and
analysts into several inner city schools and community centers splashing bright colors and
hope across the walls, gyms and auditoriums.
HR partnered with the Foundation on one of the most popular CSFB events, Take Our
Daughters To Work Day. Several volunteers from HR served as role models and
participated as guest speakers.
HR volunteers also participated in our very first Career and College Services benefiting
young people at the Police Athletic League. They helped to create the mold for a future
series introducing young people to the business world and Wall Street.
Greenwich House – 40 CSFB Summer Associates volunteered their time at Greenwich
House, one of the country’s oldest and largest social service settlements. The Summer
Associates painted Greenwich House’s historic gymnasium, which serves as a crucial
recreation venue for the Greenwich House preschool and senior center. In addition, the
CSFB volunteers visited with the preschoolers.
CRM crew – Habitat for Humanity
Here’s looking at you, kid – Take OurDaughters to Work Day
Greenwich House Buddies
22
LEGAL & COMPLIANCE DEPARTMENT
The pro bono activities of members of Legal and Compliance, Americas are coordinated
by a Pro Bono Committee. The Committee looks for and distributes information about
pro bono opportunities; acts as a liaison between organizations that provide pro bono
opportunities and LCD; and maintains a database of the pro bono efforts of LCD –
Americas members.
LCD – Americas is a member of New York Lawyers for the Public Interest (“NYLPI”), a
non-profit organization that provides legal assistance to community-based organizations
and individuals through its own staff attorneys and through its member law firms and
corporate legal departments. A number of LCD members have participated in NYLPI
projects.
LCD – Americas has funded a fellowship through the NYLPI Lawyers that will enable a
lawyer to work for a year at NYLPI. She will research ways of reducing the barriers
linguistic minorities face in trying to access health care.
Working with the Scouts, LCD – Americas set up a Law Explorers Post at Credit Suisse
First Boston. The Department organizes monthly programs to teach high school students
about the practice of law as a possible career choice.
Examples of some of the individual pro bono projects in LCD are:
· Working on a case for a political refugee from Burma;
· Providing legal assistance to iMentor, an Internet-based children’s mentoring program;
· Helping the National Academy of Design with various corporate governance and other
matters. The NAD was founded in 1825 and includes an artists’ association, a
museum and a school of fine arts;
· Serving on a Housing Court case as a guardian ad litem;
· Participating in the Association of the Bar of the City of New York Elderlaw Clinic;
· Counseling indigent elderly people regarding wills, health, welfare, and benefits
issues;
· Representing an individual, convicted of murder, in his parole application before the
Mississippi Parole Board;
· Conducting research on historical preservation and landmarks law and zoning
regulations for the Massachusetts Historical Commission, and preparing a
memorandum on these subjects for a local planning board of a Massachusetts town;
and
· Serving as a volunteer prinicipal in the Principal for a Day program organized by
PENCIL.
LCD employees assisting studentsfrom School for the Physical City
Future “lawyer-in-training” at CSFB
LCD – Amer icas is
commit ted to prov id ing
pro bono serv ices to a
var iety of c l ients
ranging f rom cul tura l
inst i tut ions to
indiv iduals in court
cases.
23
Back to School supplies drive benefiting Teach for America and New York City’s most
disadvantaged schools. CSFB employees donated school supplies to help teachers in
more than 70 schools in Harlem, Washington Heights and the South Bronx. Several
departments pooled their money and their volunteer efforts, purchasing school supplies
as a team and class effort.
CSFB Coats Up for a Good Cause employees donated hundreds of gently-worn winter
coats to support men, women and children living at homeless shelters, as well as families
served by agencies and other community organizations helping less fortunate New
Yorkers make it through the winter season.
CSFB Suits Up for a Good Cause employees donated hundreds of interview-appropriate
clothing to support low-income women and men seeking employment in New York City.
Donated suits and interview-appropriate attire went directly to the non-profit
organizations, Dress for Success and Career Gear, which provide clothing to needy job
applicants.
CSFB Blood Drives – Credit Suisse First Boston is a strong supporter of donating blood.
CSFB employees donate thousands of pints of blood to support hospitals in the New York
region. In partnership with The New York Blood Center, the Foundation supports firm-
wide quarterly blood drives providing nearly 250 hospitals with blood donations from
CSFB employees.
CSFB At Home for the Holidays – Each holiday season, CSFB employees donate toys
and gifts for children and teenagers to be distributed among several charitable
organizations. CSFB employees have the gift of giving, playing “Secret Santa” by
answering and making thousands of holiday wishes come true for needy children
throughout the New York region.
Cell Phone Drive – CSFB employees donated hundreds of cellular phones to help victims
of domestic violence, senior citizens, the homebound and neighborhood watch groups.
Donated cell phones were reprogrammed to call emergency services directly, and
distributed to those New Yorkers who need help quickly.
MINI-GRANTS
As an incentive to promote volunteerism and support employees who volunteer on an
ongoing basis, the CSFB Foundation administers a mini-grant program. Employees who
serve as volunteers or board members can apply for an individual or team grant for their
qualifying not-for-profit organization. Employees can find more information about the
mini-grant program on the CSFB Intranet Page under Philanthropic Programs.
C o l l e c t i o n s a n d D r i v e s To B e n e f i tP a r t n e r N o n - P r o f i t s
CSFB Coats Up for a Good Cause
CSFB has a very special
commitment to making a
difference in the communities
where we work and live. If you
are interested in volunteering, or
would like the Foundation to
assist your business division or
department in organizing a
community service project, please
contact:
Betsy Davis
Vice President
Volunteer Programs and Services
CSFB Foundation
Eleven Madison Avenue, 9th Fl.
New York, New York 10010
(212) 325-1814 (Telephone)
(212) 325-6665 (Fax)
24
V. D I S A S T E R R E L I E F
Over the years, CSFB has responded to disasters around the world by providing disaster
relief funds and by administering employee giving campaigns to aid in those relief efforts.
Since 1989, CSFB has contributed over $7 million to humanitarian aid agencies including
the American Red Cross, the Pan American Development Foundation and CARE. In
addition, the CSFB Foundation established a partnership with the American Red Cross
Disaster Relief Fund in its efforts to prepare for disasters in the United States.
Examples of more recent efforts include:
· CSFB and its employees contributed more than $67,000 to CARE to help aid the
Kosovo relief efforts.
· CSFB and its employees contributed over $100,000 to the American Red Cross to
support the earthquake relief efforts in northwestern Turkey.
· CSFB and its employees contributed $55,000 to the Red Cross Taiwan Earthquake
Relief Fund.
· The CSFB Foundation established a partnership with CARE International. As
appropriate, CSFB contacts CARE and instructs them to allocate funds to aid in
disaster relief efforts globally. The first allocation aided in the relief efforts in Ethiopia,
where the effects of a three year drought have led to critical conditions throughout the
Horn of Africa. The second and third allocations aided in the relief efforts in India and
Bangladesh, where massive flooding caused destruction throughout those areas, and
in El Salvador, where the dengue fever epidemic took hold.
· CSFB’s Disaster Relief Program contributed to the New Life Medical and Educational
Trust to aid the Indian Village of Orissa to recover from a damaging cyclone.
· In the aftermath of September 11, 2001, the CSFB Foundation created a special fund
to provide financial assistance to the families of public service employees –
firefighters, police officers and medical workers – who were lost in the World Trade
Center tragedy. To date, CSFB has donated $5.125 million to The New York Police
and Fire Widows’ and Children’s Benefit Fund to help the families of public service
workers.
Townspeople in Orissa, India in front of their newly-built houses
CSFB has responded to
disasters around the
wor ld by prov id ing
disaster re l ief funds
and by organiz ing
employee volunteers to
aid in part icu lar re l ief
ef for ts .
25
Since September 11th, the CSFB Foundation coordinated the following volunteer efforts:
· Sent 200 volunteers to the Emergency Operations Center to assist the American Red
Cross in serving meals to the relief and rescue workers and organizing supplies.
· Sent another 150 volunteers to prepare meals at a restaurant downtown to feed relief
and recovery workers at Ground Zero. CSFB volunteers worked weekends for six
hour shifts totaling more than 900 hours of service.
· CSFB employees immediately responded to the American Red Cross’ request for
office supplies. During one lunch hour, our employees purchased and donated
hundreds of workplace supplies.
· Partnered our IT Department with the Spirit of New York/New Jersey Chef’s
preparing meals for the relief and rescue workers. Our IT Department donated and
installed a laptop computer, printer and fax to assist the chefs with their inventory and
tracking of food and supplies needed at Ground Zero.
· Linked our IT Department with MOUSE (Making Opportunities for Upgrading Schools
& Education). IBM and Hewlett Packard donated six computers and printers to the
School of Economics & Finance which was damaged by the tragedy. CSFB
volunteers donated their time to set up the computers and assisted teachers and
students in gaining access to the technology.
· Hosted lunch and donated conference space for Voluntary Organizations Active in
Disaster Relief (VOAD).
· Supported an Emergency “I Love New York Blood Drive” for those injured at the World
Trade Center.
Serving food at the site of the WorldTrade Center disaster
Heroes of our time
“Bear ing wi tness to the
intensi ty of the
emergency workers’
ef for ts , we were
reminded of the basic
goodness of humani ty. ”
CSFB Disaster Rel ief
Volunteer
“We regained a sense
of mot ivat ion and
focus whi le
volunteer ing. We were
al l gratefu l for the
chance to of fer a
help ing hand.”
CSFB Disaster Rel ief
Volunteer f rom
Department of Human
Resources
26
CSFB Perspectives showcases volunteers and their achievements. The individuals
featured here, along with many others, embody the qualities and values we strive to instill
at our Firm. And they represent the successes the Firm encourages. We asked each of
them to reflect on what volunteering means to them – and to share their experiences in
such a way as to inspire others to catch the spirit and become a volunteer.
With approximately 26,000 employees worldwide, CSFB is keenly aware of its
responsibilities to give something back to the communities where we work and live. We
believe that important skills such as teamwork, confidence, responsibility and problem-
solving should be nurtured and enhanced in the workplace. Our shared commitment to
the community dates back many years and today represents a key part of CSFB’s culture.
G.T. Sweeney – Managing Director, Chief Technology Officer
“I think that volunteering is part of social responsibility. These projects createsuch positive energy. It is not just about making the world that we live in abetter place, it is about learning something new – about myself; about otherpeople; about other lifestyles; about other cultures. I get so much more out ofthese projects than I give. They make me a better person. I cannot createworld peace, but I can do my share. Complaining about all of the bad thingsthat happen in the world doesn’t do much good. You cannot control whatothers will do, but you can control what you do. Random acts of kindness orbeing part of a team of diverse individuals who come together to do somethinggood – a team which might be predisposed to resent or misunderstand eachother but instead shares something positive – that we can do. It is amazingwhat you can do with a commitment of just one hour a week. It’s more amazinghow much energy that will breathe into all of the other things you do in your life.”
Under the leadership of G.T. Sweeney, the IT Department provided valuable services to
the community by contributing technology skills and equipment to organizations and by
bringing the power of technology to schools and partner organizations in New York City.
Additionally, their efforts went far beyond the classroom and computers. In partnership
with the CSFB Foundation, IT volunteers also participated in building homes for low-
income families with Habitat for Humanity, visited with senior citizens at Terence Cardinal
Cooke Health Care Center, presented information on careers in technology to inner city
youth through the Career and College Series, revitalized parks and painted schools
through New York Cares, and led fundraising efforts to benefit the Leukemia &
Lymphoma Society and Parkinson’s Disease. G.T. Sweeney also serves as a CSFB
student sponsor through Student Sponsor Partners, and has volunteered as a coach,
tutor and mentor for children through several New York City-based organizations.
V I . C S F B P E R S P E C T I V E S
Success
To laugh of ten and much;
To win the respect of
inte l l igent people
And af fect ion of
chi ldren; to earn the
Appreciat ion of honest
cr i t ics and
Endure the betrayal of
fa lse f r iends;
To appreciate beauty ; to
f ind the best
In others; to leave the
wor ld a b i t
Bet ter . . . Th is is to
have succeeded.
– Ralph Waldo Emerson
G.T. Sweeney offering technical adviceto students from Good ShepherdServices
27
Sandi mentoring a student from TheSchool for the Physical City
Nadine reading with student duringEverybody Wins–Power Lunch
Sandra E. Pederzini, Assistant Vice President, Legal & Compliance Department
“I volunteer because I have seen so many great kids who only need someoneto pay attention to them and make them feel special. All they want is to knowthat someone cares about them, their problems and their struggles. It can besomething as simple as helping them out with a math problem or as complex ashelping them to decide on which colleges are most appropriate. For me, it onlytakes an hour a week sometimes, but to the child it is so much more becausethey know they can count on someone to help them and listen to them andmake them feel special and important. It’s also a lot of fun to watch thestudents improve and progress from year-to-year. The students enjoy it somuch – that they’ve asked if they can bring their friends over to CSFB to studywith them. It’s amazing to experience how much you can give and also howmuch you receive from the time spent with a child.”
Sandi Pederzini has been tutoring students from The School for the Physical City for the
past three years. She makes it possible for approximately 25 students to come to the
offices weekly, and coordinates CSFB volunteers to tutor middle and high school students
in math, science, reading, humanities, spelling and SAT preparation. According to Sandi,
volunteering is a win-win situation – both the beneficiaries and the volunteers profit.
Sandi also mentors a young woman in foster care at Good Shepherd Services, and
participates as a student sponsor through the Student Sponsor Partners Program at
CSFB.
Nadine Triola, Vice President, Fixed Income
“I believe that it’s important to give back to the community especially since I feelso privileged and fortunate. Last year, my responsibilities at the Firm increasedtremendously, and it seemed my life was dedicated to work. During that time,I felt that something was missing. What am I doing? I had less time for friendsand family and certainly didn’t think I had time for volunteering. I decided I wasgoing to make it a priority to start getting involved in some of the volunteeropportunities available through the Foundation. One of the first projects Iparticipated in was the CSFB-New York Cares Coat Sorting Night, where ateam of us sorted through thousands of donated winter coats to help keep theneedy New Yorkers warm through the winter season. Once you catch thevolunteer spirit, it becomes contagious, and in each case, you become moreand more aware of how you can help make a difference in someone else’s life.I have built new relationships in the community, and feel this has helped balanceout my life. I can only hope that in some small way I can make a difference. Ithink it’s wonderful that volunteer opportunities are encouraged at CSFB,especially since the environment can be demanding at times.”
Nadine Triola, participating as a CSFB team member, has raised funds for the Leukemia
& Lymphoma Society through the Team-In-Training program; coordinated traders and
salespeople from Fixed Income to take part in the Firm’s annual Take Our Daughters to
Work Day and reads with an elementary school student weekly through Everybody
Wins–Power Lunch Reading Program.
28
V I I . G R A N T M A K I N G G U I D E L I N E S
C u r r e n t G r a n t M a k i n g G u i d e l i n e s
The CSFB Foundation supports organizations whose primary goals are education and
programs that benefit inner city youth. The Foundation makes grants to organizations
with capable leaders who have the ability to fulfill the goals outlined in the grant proposal.
The Foundation also values organizations that provide volunteer opportunities for CSFB
employees.
The Foundation’s Board of Trustees, who have the ultimate responsibility for making
grants, has grant making meetings each year in March and in September. The
Foundation receives more proposals than it can fund. Preference is given to proposals
consistent with the Foundation’s mission where a grant from the Foundation promises to
make a difference, seems likely to attract the support of other funders in subsequent
years, provides community volunteer opportunities for CSFB employees and offers the
greatest promise of a successful outcome. Much of the Foundation’s support is focused
on programs in New York City, but it also includes other cities in the U.S., as well as a
number of countries in Europe and Asia Pacific.
The Foundation accepts the New York Regional Association of Grantmakers (NYRAG),
New York/New Jersey Area Common Application Form. Grant applications should be
submitted no later than the 15th of February for spring/summer distributions and the
15th of August for fall/winter distributions. Please be sure to include all of the following
with your application:
· Current IRS documentation certifying that the applicant is tax-exempt under 501(c)(3)
of the Internal Revenue Code
· Names and affiliations of the Board of Directors
· List of current corporate and foundation supporters
· Audited Financial Statement (if available)
· Information about your organization and the specific project, if any
RESTRICTIONS
The Foundation does not generally support grants to individuals or scholarship programs,
nor does it generally provide support to medical research, religious, veteran, fraternal or
political programs. It generally does not make grants to support capital campaigns,
dinners or events, sponsorships, matching gifts or endowments.
Please do not send videotapes unless specifically requested.
Grant applications should be directed to:
Ms. Casey KarelExecutive DirectorCredit Suisse First Boston Foundation11 Madison AvenueNew York, NY 10010
“ . . . Thank you for
ass ist ing our students
to achieve thei r goals ,
rea l ize thei r dreams,
and prov ide hope for
the future of our
shared community. ”
Prep for Prep
“ . . . Your g i f t
prov ides resources to
help chi ldren in New
York gain a
fundamenta l
understanding of the
free enterpr ise system
and tools to create
opportuni t ies for thei r
future.”
Junior Achievement of
New York
Liza Bailey, Managing Director, Co-Head of Consumer Products Banking Group
Paul Calello, Managing Director, Head of Global Equity Derivatives, Convertibles andRisk Arbitrage; Member of the Executive Board
Gates Helms Hawn, Managing Director Senior Advisor
Grace Koo, Managing Director, Equity Derivatives and Convertibles Unit
Joseph T. McLaughlin, Managing Director Senior Advisor, Chairman of the Credit Suisse First Boston Foundation Trust
Elizabeth Millard, Director and Counsel, Legal & Compliance Department
Arthur U. Mbanefo, Managing Director, Head of Listed and OTC Equity DerivativesTrading Americas
Thomas R. Nides, Chief Administrative Officer; Member of the Executive Board
Robert O’Brien, Managing Director; Chief Credit Officer
David O’Leary, Managing Director, Global Head of Human Resources;Deputy Chairman of the Credit Suisse First Boston Foundation Trust
Douglas Paul, Vice Chairman, Fixed Income
Michael Schmertzler, Managing Director, Co-Head of U.S. and Canadian Private Equity
Richard E. Thornburgh, Vice Chairman of the Executive Board; Chief Financial Officer
Joseph T. McLaughlin, Chairman – (212) 325-4498
Ginny Coy, Administrative Assistant – (212) 325-4511
Casey Karel, Executive Director – (212) 325-4199
Betsy Davis, Volunteer Programs and Services Manager – (212) 325-1814
Tricia Lawrence-Savané, Grants Manager – (212) 325-4458
CSFB Foundation
Eleven Madison Avenue – 9th Floor
New York, NY 10010
(212) 325-6665 (fax)
(212) 325-2389 (recorded information)
Credit Suisse
Group’s Approach
to Philanthropy:
As part of the Swiss
business community, Credit
Suisse Group and its
business units take their
responsibilities to the wider
Swiss and international
community seriously. This
commitment manifests itself
in efforts to take an active
part in shaping the business
environment, within the
context of its business
activities to make an
appropriate contribution to
private organizations with
charitable, social, cultural,
and civic aims, to promote
educational and academic
activities which are of
particular interest to the
Company.
C S F B F O U N D A T I O N T R U S T E E S
29
V I I I . C O N C L U S I O N
As a significant part of Credit Suisse Group, Credit Suisse First Boston and its
philanthropic arm, the Credit Suisse First Boston Foundation, support organizations,
programs and cultural institutions in the major locations where we work and live. With
financial support and dedicated employee volunteers, the Firm strives to empower
constructive change and ensure the future by focusing primarily on programs and
education serving young people across the globe.
We strive to be a responsible corporate citizen in the communities where we work and
live. Our success is closely linked to the overall well-being of these communities and we
make our financial contributions as a reflection of our faith in, and long-term commitment
to, the greater community in which we operate.
Our employees are a critical part of our overall engagement in critical areas such as youth
development, education and human services. The volunteer efforts of dedicated women
and men at Credit Suisse First Boston reinforce our charitable commitment and give it a
greater impact – and a more human dimension.
CSFB Foundation Chairman and Staff From left to right, seated: Ginny Coy, Casey KarelStanding: Betsy Davis, Joseph McLaughlin, Tricia Lawrence-Savané