New York, NY (PRWEB) June 09, 2011
The Broadsmoore Group (“Broadsmoore”), a privately held investment advisory and merchant banking firm, today announced its first contribution to the To Be Giving Foundation, a charitable arm of Broadsmoore committed to supporting humanitarian initiatives and non-profit organizations that are aligned with the firm’s core values. The foundation is co-directed by Broadsmoore president David Ring and chairman Joseph Di Scala, and co-chaired by Broadsmoore’s chief executive officer, Abraxas Discala, and chairman of the board, Michael Ring.
Broadsmoore’s initial $100,000 donation is the first investment in To Be Giving’s multi-tiered approach to philanthropy. The foundation focuses on capacity building through creating jobs, education and training and will invest in each of the communities where Broadsmoore has offices – New York, NY, Washington, D.C., New Orleans, LA, Huntingdon Valley, PA and San Diego, CA.
“As Broadsmoore drives significant financial return through private transactions and investments in the public market, we are able to direct a portion of our attention and profit to our philanthropic endeavors,” says To Be Giving co-chair and Broadsmoore CEO Abraxas Discala. “Especially at this difficult time in our country’s history, To Be Giving aims to support community leaders who have a vision and passion for execution, but who lack the resources necessary to sustain their charitable initiatives. This first $100,000 donation is part of our ongoing commitment to uphold civic leaders, providing them with resources – from money to mentorship – that allow them to be giving more to their communities, particularly in regions recovering from the catastrophic damage of floods and tornadoes this year.”
The Broadsmoore Group has committed to contribute 10 percent of its annual net profits towards To Be Giving. Serving as a positive influence in the communities where Broadsmoore operates, To Be Giving will provide a springboard to opportunity, achievement and development. The Foundation also welcomes additional donations, which enable individuals and organizations to support meaningful causes with confidence; one hundred percent of outside donations will be directed to the selected charities.
“We see this as a centerpiece of the Broadmoore legacy,” says To Be Giving co-chair Michael Ring. “As many of the regions of our country enter a period of rebuilding in the wake of floods and tornadoes, To Be Giving aims to help and inspire small business and charitable organizations to collaborate and address the problems facing their communities.”
For more information about The Broadsmoore Group and To Be Giving Foundation, please visit http://www.broadsmoore.com/pages/to-be-giving.html or call Joe Di Scala at 212-380-3055.
About The Broadsmoore Group:
The Broadsmoore Group is a family office providing investment advisory and merchant banking services, dedicated to making a difference and creating a secure financial market place, with proven security systems in place to prevent abuse and fraud, and where the client's needs come first. The company's network of family offices and high net worth individuals provide the ability to connect strong, socially responsible companies to the resources required for sustainable growth and profitability. The company’s priority is to provide its strategic partners with proven expertise in finance, operations, marketing, security and cyber brand management.
The Broadsmoore Group's core philosophy encourages sound business fundamentals, providing liquidity to those who need it, working to reduce fraud and corruption and strategically partnering with only those companies who support a humanitarian, socially responsible or paradigm shifting investment opportunity. The result of these actions is a financial marketplace with sustainable capital infusion and growth where investors share in profitability and the fulfillment of making a difference.
The Broadsmoore Group initiates due diligence after identifying the humanitarian or socially responsible value found within the business model. Once the value is established, Broadsmoore adds an essential step in the due diligence process: KYC, or “Know your Counterparty.” KYC evaluates and scores the potential counterparty risk inherent in each transaction. This additional step is both essential and inherent in investing where the higher the risk, the greater return.
GGC Public Relations, LLC
# # #