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News

10/08/18

Boston Business Journal Viewpoint Encourages Businesses to Think Differently About Investment Philanthropy

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In their Oct 3, 2018 Viewpoint, published in the Boston Business Journal, Acadian Asset Management co-CEO Rob Dowd and Thompson Island Outward Bound Board Chair Bill Elcock highlight Acadians' partnership with Thompson Island Outward Bound and encourages other business to engage in investment philanthropy with local non-profits to help close Boston's opportunities gaps. In addition to funding 4 years of Thompson Island Outward Bound education for 100 Boston Public School students, Dowd and Elcock explain how "Acadian employees will get to know the school, provide volunteer labor on the island, and help the organization problem-solve strategic challenges that arise as it expands the number of schools served. Acadian chose Thompson Island not only because of its powerful mission, but also because of its research-based approach to program development, using metrics to track progress in students’ academic performance, social skills and resilience." They continue, "we hope many Boston companies will consider forming sustained partnerships with research-driven educational nonprofits. Boston is home to a number of such powerhouse organizations who meet to share best practices through Boston After School and Beyond."

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