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High Water Women’s 9th annual backpack drive delivers 10,000 backpacks to children in need

Monday, August 19, 2013
Opalesque Industry Update - High Water Women, a leading philanthropic organization focused on financial literacy and microfinance, today announced the completion of its 9th annual Backpack Drive, delivering a record 10,000 fully-supplied backpacks to tri-state area children in need. The drive was the culmination of a fundraising effort that started in April and raised more than $170,000, allowing volunteers to assemble 20% more backpacks than last year.

More than 350 financial services industry volunteers participated in this year’s drive, which took place August 9 through 15 at the New York headquarters of Credit Suisse. Participating firms included: Credit Suisse, Barclays, UBS, Deutsche Bank, BNY Mellon, DE Shaw, Carter Ledyard & Milburn, Neuberger Berman, Rothstein Kass, Reed Smith, Pershing Square and Galtere.

Generous donations from the attendees of this year’s Institutional Investor’s annual awards dinners (US Investment Management Awards, Foundations and Endowment Investment Awards, and Hedge Fund Industry Awards) in May and June were particularly important to the drive’s success.

Janice Abert, HWW Board of Directors and Chairperson of the Backpack Drive and Managing Partner at Abert Associates said, “Thanks to some very generous donations and the expanded participation of many corporate groups, we’ve been able to meet our goal. Everyone involved, donors and volunteers should know that because of their support, 10,000 children in need will now be able to start school ready to learn.”

More than twenty participating nonprofits and schools placed orders for the packs, with kindergarten, elementary and middle/high schools all receiving different supplies.

Sister Paulette LoMonaco, the Executive Director of Good Shepherd Services, one of this year’s participating charities, said, “Good Shepherd Services is once again delighted to be a recipient charity partner in High Water Women’s Annual Backpack Drive. Youth from our after-school centers, high school support programs and foster care residences are thrilled to receive new backpacks filled with academic essentials. These items help our program participants to feel proud and prepared, instilling self-confidence and hope for a promising school year full of achievements. We are so grateful for High Water Women’s continued support and commitment to Good Shepherd Services.”

Other recipient charities included: Child Center of New York, Children's Storefront, DreamYard, Inwood House, Iris House, Jubilee Center, Hoboken, Newark Now, Partnership with Children, Inpirica CT, The After School Corporation, TEAK Fellowship, Jewish Childcare, Women in Need, Young Women's Leadership Network, Manhattan Christian Academy, Emmanuel Worship Center, Children's Learning Center, CT, Stanwich Congregational Church, Friends of the Children, and Public Prep.

High Water Women

Press Release


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