NYMEX Foundation

From MarketsWiki
Jump to navigation Jump to search



NYMEX Foundation
Founded 1989
Headquarters New York, New York USA
Products Philanthropic organization
Web site www.nymexfoundation.org

The NYMEX Foundation (NF), [1] established in 1989, coordinates the philanthropic efforts of the former New York Mercantile Exchange, now part of the CME Group.

The NYMEX Foundation is a registered as a 501 c 3, not-for-profit organization serving children, elderly persons and local environmental causes.[2]

The NYMEX Children in Need Fund supports children's causes. The NYMEX Charitable Assistance Fund, Inc., [3] which was established after the September 11, 2001, terrorist attack, is a public charity that raises funds to assist surviving spouses and/or dependents of a NYMEX family member, including, but not limited to, those who died in the terrorist attack on the World Trade Center, and those similarly situated in the future.

History[edit]

In 1989, the NYMEX Children in Need Fund's budget was $125,000. From 1989 to 2006, the foundation was able to distribute more than $20 million to several hundred charitable organizations. In 2006, more than $3.1 million was distributed to 317 charitable organizations.

Key People[edit]

The foundation is headed by former NYMEX executive Madeline Boyd. CME Group Executive Chairman Terrence Duffy serves as chairman.

Fund Raising[edit]

The NYMEX Foundation holds a live and silent auction[4] at a yearly event to help raise money for the foundation to distribute.

Annual Reports[edit]

References[edit]