October 20, 2011 - College Summit Selected for BlackRock’s “Connectivity and Giving Day” Donation

BlackRock and the 49ers Foundation present a check for $830,000 to Children’s Hospital Oakland Foundation and College Summit.  From left to right: David Pope, BlackRock; Geoffrey Flynn, BlackRock; Kara Helander, BlackRock; John York, San Francisco 49ers; Dr. Keith Frome, co-founder of College Summit; Dr. Bert Lubin, president and CEO of Children’s Hospital Oakland; Jed York, San Francisco 49ers; Robert Fischbach, BlackRock; Mike Latham, BlackRock.

 

Children’s Hospital & Research Center Oakland and College Summit are Recipients of “Connectivity and Giving” Program Donation Led by BlackRock, Inc. and its Partner Firms

 

SAN FRANCISCO, Calif., October 20, 2011 - Children’s Hospital & Research Center Oakland and College Summit, a nonprofit organization that partners with high schools to raise college-going and success rates, received more than $830,000 donation from a “Connectivity and Giving” program led by BlackRock, Inc. (NYSE: BLK) and partner firms. The one day program took place on October 14th.

“We are delighted to receive this gift from BlackRock and its partner firms which represents the largest corporate contribution to Children’s Hospital Oakland this year,” said Bert Lubin, MD, President and CEO of Children’s Hospital & Research Center Oakland. “The community spirit Blackrock employees and their partners exemplify is inspiring, and the money raised will help Children’s continue to offer Bay Area kids the most innovative, up-to-date healthcare available.”

Also receiving a donation is College Summit Northern California. “The generosity of these firms to give back to their communities and support high school students in the Bay Area is deeply admirable,” said Paul Collins, Executive Director of College Summit Northern California. “This gift demonstrates to area students that the people and businesses in our community care and want them to succeed.”

Over 600 participants from BlackRock and partner firms, including S&P Indices, Russell Investments, Northern Trust and others, raised funds for what marked the largest fundraising program to date for BlackRock’s San Francisco office.

“We’re proud to support the life-saving mission of Children’s Hospital & Research Center Oakland. We believe that gathering BlackRock’s employees together with our partner firms is more meaningful and impactful than doing it alone, and also creates a stronger, more unified community,” said Michael Latham, co-head of BlackRock’s San Francisco office who presented the checks to Mr. Lubin and Dr. Keith Frome, co-founder of College Summit.

BlackRock partnered with the 49ers Foundation, the non-profit community funding extension of the San Francisco 49ers, which acts as a pass-through for all donations received in support of the fundraiser. 

About Children’s Hospital & Research Center Oakland

Children’s Hospital & Research Center Oakland is a not-for-profit pediatric medical center providing high quality medical care to all children, regardless of the families’ ability to pay. We are Northern California’s premier resource for children’s health and well-being: a center of excellence in pediatric healthcare, research, child advocacy and medical training for nearly 100 years. As the region’s only comprehensive, independent pediatric medical center, we focus 100 percent on kids. www.childrenshospitaloakland.org

About College Summit

College Summit was founded 18 years ago in the basement of a low-income housing development by a teen center director, J.B. Schramm, who saw how college transformed the lives of young people in the neighborhood, and how peer influence pushed some students off the college path, and spurred other students to thrive. From that modest experience, College Summit has grown to serving more than 30,000 students annually in 170 partner high schools in 12 states by providing a comprehensive system for improving college-going and success rates.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2011, BlackRock’s AUM was $3.659 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iSharesR (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock SolutionsR. Headquartered in New York City, as of June 30, 2011, the firm has approximately 9,700 employees in 26 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com.