Bain Capital was one of City Year’s early supporters and co-founded the organization’s endowment in 1998 with a $1 million gift, permanently endowing the Bain Capital Team of young adults in service. Bain Capital has contributed more than $25 million in donations since City Year’s inception in 1988 while also contributing firm-wide service ideas and countless volunteer hours. More than 150 City Year AmeriCorps members have served on the Bain Capital City Year Team, contributing more than 250,000 hours of service in the Boston community. Bain Capital also helped found City Year's annual Investment Community Breakfast in Boston, now in its fifth year. Most recently, Bain Capital has served as the National Gala Sponsor for City Year.
Jonathan Lavine, Co-Managing Partner of Bain Capital and Chief Investment Officer of Bain Capital Credit, Bain Capital’s global credit affiliate, currently serves as chair of City Year’s National Board of Trustees while Bain Capital Managing Director Josh Bekenstein and Sandy Edgerley, wife of Bain Capital Managing Director Paul Edgerley, serve as Trustees.
Speaking about the partnership, Lavine said, “City Year and Bain Capital share a common belief that supporting young people’s education, growth and development is the single most important investment we can make in our future. City Year is an incredible double bottom-line investment. It helps students in high poverty public schools succeed, and at the same time develops AmeriCorps members into civic-minded leaders of tomorrow."
Bain Capital is one of the world's leading private multi-asset alternative investment firms. Since their founding, they’ve supported a wide array of charitable and nonprofit organizations in communities around the world. Through the Bain Capital Community Partnership, Bain Capital works with organizations like City Year to make real impact in the neighborhoods where we work and live.
Follow Bain Capital on Twitter for more information about their partnership with City Year.