New York Needs YouProgram Overview

2011

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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 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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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.

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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

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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

Leadership

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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

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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)

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NYNY in Action