FOR IMMEDIATE RELEASE
Citigroup Inc. (NYSE: C)
April 28, 2008
Nonprofit Organizations to Discuss the Impact of the Recession
New York – In today's economy, nonprofit organizations across New York face considerable challenges in managing increased demand for services while balancing cutbacks in government and private funding. Throughout the months of May and June 2008, hundreds of New York-based nonprofit organizations will attend Citi's 14th Annual Nonprofit Days to discuss the impact of the economic downturn on the nonprofit sector. Citi and the Citi Foundation support Nonprofit Days which are free and open to nonprofit leaders throughout NYC and Long Island. This year, Nonprofit Days will be offered on May 1 (Citi Center, Manhattan), May 7 (Citi Center, Long Island City), May 14 (Brooklyn Borough Hall), and June 5, (Melville, Long Island).
Dr. James Parrott, Deputy Director and Chief Economist for the Fiscal Policy Institute will present the keynote addresses for the 2008 Nonprofit Day series. He will provide information on critical economic trends and their impact on the NYC nonprofit sector. Dr. Pearl Kamer of the Long Island Association will speak on this topic, in Long Island. Nonprofit Connection will present educational workshops designed to help nonprofit organizations develop proactive strategies to ensure sustainability in an economic downturn. Building on a tradition of public private partnership established with the 1995 launch of this annual series, Manhattan Borough President Scott Stringer and Bronx Borough President Adolfo Carrion will join us on May 1 in Manhattan; Queens Borough President Helen Marshall will join us on May 7 in Long Island City; and Brooklyn Borough President Marty Markowitz will join us on May 14 in Brooklyn.
"To address the needs of our non profit partners during these rapidly changing economic times, Citi and the Citi Foundation are proud to support the 14th Annual Nonprofit Days in collaboration with Nonprofit Connection," said Eileen A. Auld, New York Community Relations State Director. "At Citi we continually seek ways to best serve our communities by working with organizations that take a leadership approach to finding solutions. We thank the Nonprofit Connection for sharing our commitment to help make communities better because we are there."
Launched in 1995, the Nonprofit Days series is a unique public private partnership, uniting Citi, the Citi Foundation, Nonprofit Connection and the Offices of the Borough Presidents to provide timely information and capacity building and management training to thousands of nonprofit organizations in New York City's five boroughs.
For more information about the Citi 14th Annual Nonprofit Days, please visit: www.nonprofitconnection.org.
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Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.
Citi Foundation
The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. Globally, the Citi Foundation is focusing its giving on Microfinance and Microentrepreneurship, which helps individuals become economically self-sufficient; Small and Growing Businesses leading to economic expansion and job creation; Education, which prepares young people for personal and professional success; Financial Education, which helps individuals make informed financial decisions; and the Environment with a focus on sustainable enterprises that generate jobs and stimulate economic growth while preserving the environment. In the U.S. and Canada, the Citi Foundation supports Community Development programs that help build and revitalize neighborhoods and Education programs that prepare students for college and careers. Additional information can be found at http://www.citigroupfoundation.org.
Nonprofit Connection
Nonprofit Connection, founded in 1976, builds and strengthens the capacity of New York City's diverse communities through management consulting, training and access to resources. Nonprofit Connection's expertise includes strategic and program planning, governance, financial management, fund development, organizational development, and human resources. Over the course of 32 years, Nonprofit Connection has helped countless nonprofit leaders from across the City and beyond to better anticipate, understand and manage change. Additional information can be found at: www.nonprofitconnection.org.