Credit Where Credit Is Due


	CWCID Wins Award in Morgan Stanley Strategy Challenge

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JUNE 17, 2010

On June 16, 2010, Morgan Stanley CEO James Gorman presented CWCID second place in the Morgan Stanley Social Enterprise Strategy Challenge.

Over eight weeks, teams of Morgan Stanley employees provided pro-bono consulting services to CWCID and eleven other New York City nonprofits around issues of organizational growth, programming, and expansion.

The Morgan Stanley team's services came at the perfect time--just as CWCID was embarking on a strategic planning process. CWCID's Board of Directors made it a top priority to identify the optimal strategy for further scaling its effective financial empowerment work. The Morgan Stanley team researched and made recommendations on the best options for the model, pacing and organizational resources required to achieve scale.

CWCID is grateful for the tireless efforts of the team of volunteers.CWCID received a grant to implement the Morgan Stanley team's recommendations as a top finisher in the Strategy Challenge. CWCID looks forward to getting started and to sharing updates on our strategic planning process over the next year.

The press release is available here or download a PDF.

Credit Where Credit Is Due empowers low-income people to become productive participants in the mainstream economy through a unique model that works. We deliver financial education programs in partnership with leading nonprofit and government agencies across New York City. And we offer these services in tandem with access to safe, affordable financial services at Neighborhood Trust Federal Credit Union, the community development credit union that we chartered in 1997, and a network of CDCUs around the city.

June, 17 2010

CWCID Board of Directors

Ben Appen, Chair
Founding Partner
Magnitude Capital

Diane Callan
Senior Vice President
TD Bank USA, N.A.

Sebastián Ceria

Chief Executive Officer Axioma

Kirsten Frivold
Vice President
Goldman Sachs & Co.

Ben Levin, Treasurer
and Secretary
Founder and Partner
Level Equity

Matthew Rhodes-Kropf
Professor
Harvard Business School

Todd Savage
Managing Director
Savage Partners, LLC

José Tavarez
Managing Director
Bank of America

Justine Zinkin
CEO
Credit Where Credit
Is Due

For more information, please visit www.cwcid.org or contact:

Lauren Andrews

Development Director

e-mail Lauren Andrews

(212) 927-5771, ext. 216

Justine Zinkin

Executive Director

e-mail Justine Zinkin

(212) 927-5771, ext. 213