HSBC Commits $1.5 Million to City Year for Math Mentoring Programs

HSBC Commits $1.5 Million to City Year for Math Mentoring Programs

City Year has announced a three-year, $1.5 million grant from HSBC to implement an assessment that will enable the youth service organization to more effectively measure student improvement in math.

The grant will make it possible for more City Year AmeriCorps members to serve students full-time in schools in at-risk communities and provide them with tutoring and in-class support. Among other things, the funds will support the development of a standardized approach to monitoring student progress, with a focus on mathematics. The framework takes a methodical approach to identifying individualized academic needs, recommending instructional practices to address those needs, and evaluating student progress. Resources provided by the grant are expected to significantly improve the in-classroom support City Year AmeriCorps members are able to provide to students.

Since 2008, HSBC has supported City Year's efforts locally in New York City through participation in service days, mentoring programs, professional leadership development for City Year AmeriCorps members, and the management of financial literacy curricula for students. Over the next two years, HSBC will expand its support for such programs to Chicago, Miami, Los Angeles, and Washington, D.C.

"We are grateful to HSBC for supporting City Year's efforts to invest in programs that will help us accelerate and monitor student progress," said City Year CEO Michael Brown. "As a longstanding partner, I can attest to HSBC's deep commitment to educational programs for youth and its willingness to lead from the front as a model corporate citizen."