This week, our team volunteered at the Food Bank for New York City to help prepare and serve breakfast to 150 residents of West Harlem. The Food Bank is an amazing organization, and we were ecstatic to help out our community. From their website:
As one of the country's largest food banks, our mission is to end hunger in New York City by organizing food, information and support for community survival and dignity. As the city's hub for integrated food poverty assistance, the Food Bank tackles the hunger issue on three fronts — food distribution, income support and nutrition education — all strategically guided by its research.
We made a hearty meal of eggs, grits and bread rolls—all in four hours on a Tuesday morning. It is very easy to donate some of your time to help others, and make an enormous difference in the lives of our fellow New Yorkers. You can find all the opportunities with the Food Bank here.
As with everything else NestEgg does, we analyzed several different organizations before choosing the one to support. Here are the runners-up:
There’s a lot of talk in the media about the financial services industry, the politics and economics of investment management, and the equities of financial advice. We think that actions are louder than words, and that it is important to set an example. Though we’re a bit off from a $100 million donation to New Jersey’s school system, we can at least share our time. NestEgg the company will do the same—provide high-quality, tailored advice for people traditionally unable to get it. We hope you’ll join us.
A credit default swap (CDS) is an infamous financial instrument that earned a bad reputation from its involvement in the recent financial crisis. The term refers to swapping the risk of a loan’s default with another party. An easy way to think of a CDS is a kind of insurance for debt lenders that can be bought and sold by investors other than the lenders themselves. Credit default swaps are a recent invention dating back only to the mid-1990s.