And, on May 17, “Horizons Giving Day,” HSBC
will match first $100,000 in public donations
Studies show all children learn at similar pace
during school hours but lower-income children fall critically
behind during the summer months;Horizons works to change that.
HSBC today announced a charitable grant of $1.5 million to help
bring Horizons multi-year learning programs to new communities and
serve more low-income children across the country. In addition,
HSBC will support Horizons National’s “Horizons Giving Day,” held
for 24 hours on Wednesday, May 17, by matching the first $100,000
of the public’s generous donations.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170515005798/en/
Studies show that, while children across different income levels
learn at similar rates during the school year, during the summer
months lower-income students sustain a substantial learning
disadvantage. According to Johns Hopkins researchers, by 9th grade,
approximately two-thirds of the reading achievement gap between
higher and lower income students can be attributed to summer
learning loss and differences in out of school opportunities.
The disparities are substantial and persistent. The achievement
gap between children from high- and low-income families is roughly
30 to 40 percent larger among children born in 2001 than among
those born twenty-five years earlier.
Horizons challenges this ever-widening gap by providing
low-income children with an opportunity to gain, rather than lose,
skills each summer and throughout the school year.
The results are impressive. Students who attend Horizons’
highly-effective, tuition-free, six-week summer program achieve, on
average, 8-12 week gains in reading and math compared to the 8-12
week loss most low-income children experience. Most return year
after year from kindergarten through high school. Horizons high
school students have a 99% graduation rate, and 91% of these
graduates go on to college or other post-secondary education.
Demand for summer programs is high, and outstrips supply.
According to an Afterschool Alliance national study, 33% of
families said at least one child attended a summer program in 2013,
while 51% of families reported they would like their child to
participate. Additionally, parents of 19.4 million children,
roughly equivalent to two in five children in public schools, said
they would enroll their child in an afterschool program if one were
available.
Horizons currently has over 50 programs in 17 states and
continues to expand. HSBC’s funds will help make this a reality,
bringing learning opportunities to more children in need.
“Our purpose as a bank is to help people realize their
ambitions, and through this partnership we’ll be able to help
children, regardless of their economic status, reach their full
potential,” said Pat Burke, President and Chief Executive Officer,
HSBC USA. “Today, as part of the ‘Horizons Giving Day,’ I invite
the public to see firsthand what these programs achieve and join us
to support existing Horizons programs in their hometowns.”
To learn when HSBC announces an expansion of Horizon programs to
new cities, “like” HSBC on Facebook or follow on Twitter.
“The real gaps in opportunity and achievement affect everyone.
It’s easy to think, ‘this isn’t my problem,’ but limited
opportunity and achievement for any one of us means a limited
future for all of us,” said Horizons National CEO Lorna Smith.
“Becoming a successful adult isn’t a short term proposition, and a
one-time intervention won’t fix the problem. Horizons works because
both students and educators make a long term commitment.”
Horizons Giving Day (www.horizonsgivingday.org) is a nationwide
digital fundraising effort on May 17 with a single goal: to raise
more than one million dollars to grow existing Horizons programs
and bring Horizons to more communities and families nationwide.
Gifts given to local Horizons sites stay local, and gifts given to
Horizons National will help bring Horizons to even more
communities.
Notes to editors:
HSBC Bank USA, National Association
HSBC Bank USA, National Association (HSBC Bank USA, N.A.), with
total assets of US $178.7 billion as of 31 December 2016 (US GAAP),
serves 2.4 million customers through retail banking and wealth
management, commercial banking, private banking, asset management,
and global banking and markets segments. It operates more than 230
bank branches throughout the United States. There are over 145 in
New York as well as branches in: California; Connecticut; Delaware;
Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania;
Virginia; and Washington. HSBC Bank USA, N.A. is the principal
subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary
of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a member
of the FDIC.
Horizons National
Horizons is a growing, community-centered network of over 50
affiliate sites across the country that provides high-quality
academic enrichment programs to children in need, from Pre-K
through high school. Coming to Horizons with a broad range of
academic ability, low-income students discover the joy of learning,
the skills for success, and the inspiration to achieve their
dreams. With an intensive six-week summer program, and afterschool
and weekend programs throughout the year, Horizons students explore
a project-based curriculum and focus on reading and STEM, and
participate in the arts, fitness, nutrition, and field trips.
Horizons programs are located on the campuses of independent
schools, colleges, and universities, and are taught by professional
teachers with a 5:1 student to teacher ratio.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170515005798/en/
Media enquiries to:Horizons NationalKelly Mattox, +1
203-594-7040kmattox@horizonsnational.org@HorizonsNatlorHSBCRob
Sherman, +1 212-525-6901robert.a.sherman@us.hsbc.com@HSBC_US
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