Giving Back

“We make a living by what we get, but we make a life by what we give.”
~ Sir Winston Churchill

Our Commitment

Riverside has a long history of offering pro-bono derivative advisory services to non-profits.

Riverside’s decision stemmed from an engagement with a very small 25-person critical care hospital in Oregon where we negotiated with the Lehman Estate on the hospital’s behalf to obtain a fair termination value on their interest rate swap hedges. The negotiations became so prolonged and expensive, and thereby harmful to the ability for the hospital to fulfill its important mission, that we decided we could not charge this client any more.

Our responsibility to the broader community continues at Riverside and through our individual efforts in many different ways.

We hope to inspire and make a difference in all that we do.

In August 2017, Riverside assisted The Fessenden School, an independent day and boarding school for boys located outside of Boston, with the termination of an interest rate swap transaction. After being approached for help by a partner of a Riverside client who is one of Fessenden’s Board of Trustees, Riverside offered its services on a pro-bono basis. Riverside worked closely with a leading dealer to minimize transaction costs. The Fessenden School will contribute the savings from Riverside’s pro-bono services to its Financial Aid Fund.

In June 2017, Riverside assisted Chicago Public Media, Inc, the parent of WBEZ, a non-commercial public radio station and affiliate of National Public Radio, with the execution of two interest rate swap transactions. After being approached for help by a partner of a Riverside client who is on the Board of Directors, Riverside offered its services on a pro-bono basis. Riverside worked closely with Kirkland & Ellis LLP, who also offered its services pro-bono, and Bank of Montreal, to minimize transaction costs. The four worked in partnership with Chicago Public Media saving them a significant amount of money…money that can now be spent to help fulfill their mission!

 

Riverside hosted the third annual Bronx Charter School for Excellence Mentoring Event with Hark Society in August, 2015. Over 25 alumni of top rated Bronx Charter School for Excellence met their new Hark mentors who make a four-year mentoring commitment during the scholars’ high school years.

 

 

Riverside hosted its inaugural Summer Derivatives Seminar in July, 2015 for NYC summer interns attending Indiana’s Kelley School of Business and Michigan’s Ross School of Business.

 

Riverside hosted Kelley School of Business Alumni Association’s June, 2015 panel discussion: Career Momentum: Owning Your Professional Success with moderator Val Grubb, Val Grubb Associates, Theresa Krier, founder of Big T NYC, Riverside’s Joyce Frost, and Diana Kyllmann, Goldman Sachs. Over 60 alumni attended.

 

Riverside supported colleague, Steve Plake, who raised thousands of dollars to help feed the hungry and homeless in the greater New York area through Hillside Food Outreach and a motorbike race in Baja Mexico in 2014.

Co-Founder, Joyce Frost, speaks out in support of Charter Schools in an Op-Ed featured in the New York Post, January 2015.

 

Riverside supported Bronx Charter School for Excellence at its ten-year anniversary Blue Ribbon Gala. Colleague and Founding Board Chair, Joyce Frost, was honored with an award presented by Russ Carson, Co-founder of Welsh, Carson, Anderson & Stowe on October 30, 2014.

Riverside hosted New York Cares summer Board of Directors cultivation event expanding its network of supporters (June, 2014)

 

Riverside and Pimco Foundation supported Central Queens Academy Charter School summer fundraiser hosted by Board member and colleague, Grace Chao, in the fall of 2013. The event raised over $50,000.