Giving Back“We make a living by what we get, but we make a life by what we give.” ~ Sir Winston Churchill
In 2011 Riverside announced that it would offer pro-bono derivative advisory services on a selected basis to non-profits that were adversely affected by Lehman derivative defaults. This decision stemmed from an engagement with a very small 25-person critical care hospital in Oregon while 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 and that we would advise other not-for-profits in similar positions on a pro-bono basis.
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.
Riverside hosted its inaugural Summer Derivatives Seminar for NYC summer interns currently attending Indiana’s Kelley School of Business and Michigan’s Ross School of Business in July, 2015.
Riverside hosted Kelley School of Business Alumni Association’s 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 in June, 2015.
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.