BNY Mellon is Accepting Applications for Grants on Behalf of the Ernest Q. Johnson Trust to Benefit Canonsburg Youth

Rhea-AI Summary

BNY Mellon Wealth Management has announced the acceptance of grant applications from the Ernest Q. Johnson Trust, aimed at benefiting youth in Canonsburg, PA. Since its establishment in 1970, the trust has supported local charitable, religious, and educational organizations. Applications must include a project proposal, recent financial statements, and an IRS 501(c)(3) tax determination letter, with a submission deadline of April 17, 2023. Recipients will be announced and disbursements made in May 2023. As of December 31, 2022, BNY Mellon manages $269 billion in client assets, with a notable presence in wealth management and financial services.

Positive

• BNY Mellon Wealth Management has a strong client asset base of $269 billion as of December 31, 2022.
• The Ernest Q. Johnson Trust provides financial support to local youth, positively impacting the community.

Negative

• None.

PITTSBURGH, March 15, 2023 /PRNewswire/ -- BNY Mellon Wealth Management is accepting applications for grants from the Ernest Q. Johnson Trust to benefit youth from Canonsburg, PA, a suburb of Pittsburgh. The fund was established in 1970 to support organizations providing for Canonsburg-area youth. It distributes income to charitable, religious or educational organizations. The Ernest Q. Johnson Trust is administered by BNY Mellon Wealth Management and honors the memory of Ernest Q. Johnson's parents, John G. and Annie K. M. Johnson, local Canonsburg residents.

To apply for a grant, organizations must provide:

• A proposal in letter form requesting funds for a specific dollar amount for a special project or for general support
• Their most recent financial statement
• Their IRS 501(c)3 tax determination letter

Applications submitted by organizations must be postmarked by Monday, April 17, 2023. BNY Mellon Wealth Management will announce the recipients in May and also make disbursements in May.

Proposals should be mailed to:
Ernest Q. Johnson Trust
Attn:  Laurie A. Moritz
BNY Mellon
500 Grant Street – Suite 3825
Pittsburgh, PA  15258-0001

About BNY Mellon Wealth Management

For more than two centuries, BNY Mellon Wealth Management has provided services to financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $269 billion in total client assets as of December 31, 2022, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. A line of business within Wealth Management, BNY Mellon Investor Solutions includes the firm's institutional multi-asset solutions business. The Investor Solutions AUM/AUA is $44.3bn as of December 31, 2022. For more information, visit www.bnymellon.com or follow us on Twitter @BNYMellonWealth. 

About BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of December 31, 2022, BNY Mellon had $44.3 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contact Jennifer Casey, jennifer.casey@bnymellon.com

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SOURCE BNY Mellon Wealth Management

FAQ

What is the purpose of the Ernest Q. Johnson Trust grants by BNY Mellon?

The grants aim to benefit youth in Canonsburg, PA, through support for charitable, religious, and educational organizations.

When is the deadline for submitting grant applications for the Ernest Q. Johnson Trust?

The deadline for submitting grant applications is April 17, 2023.

How much total client assets does BNY Mellon Wealth Management manage?

As of December 31, 2022, BNY Mellon Wealth Management manages $269 billion in total client assets.

What is required to apply for a grant from the Ernest Q. Johnson Trust?

Organizations must submit a proposal, their most recent financial statement, and an IRS 501(c)(3) tax determination letter.

When will the grant recipients be announced by BNY Mellon?

BNY Mellon will announce the grant recipients in May 2023.