(New York, N.Y.) — New York City education nonprofit Breakthrough New York (BTNY) has appointed J.P. Morgan’s William Clark and Metropolitan Real Estate’s David Sherman to its board of directors. BTNY transforms the lives of talented kids from low-income backgrounds by providing comprehensive support from middle school through college and into careers.
“We are delighted to welcome William Clark and David Sherman to our board of directors,” said Beth Onofry, Executive Director of BTNY. “As long-time supporters of Breakthrough New York, they share a passion for empowering young people from low-income backgrounds to access the kinds of educational opportunities that helped them both to become so successful.”
Mr. Clark served in a variety of positions at J.P. Morgan, and currently is Vice Chairman of Global Corporate Banking. He joined J.P. Morgan after 20 years at Citigroup, where he last was Co-Head of Healthcare Global Banking. He has been covering the healthcare sector since 1996, prior to which he was an investment and corporate banker in London with Citi responsible for managing relationships in the consumer industry. Before that he was an investment banker with First Boston Corporation (now Credit Suisse). Mr. Clark graduated from the University of Virginia in 1980 with a BA in Economics and Foreign Affairs.
“Breakthrough New York’s mission to level the playing field for students who lack resources is more critical today than ever before,” said Mr. Clark, who was honored for his generous support of the organization at BTNY’s gala earlier this year. “I’m excited to serve on the board, to help this tremendous nonprofit transform more young lives through education and develop the talent that can change the world for the better.”
Mr. Sherman is Senior Advisor and Chairman of the Investment Committee at Metropolitan, a real estate investment management company that he co-founded in 2002 and served as president through 2018. In addition, he is Co-Director of the Paul Milstein Center for Real Estate at the Columbia University Graduate School of Business Administration. Previously he was Managing Director of Salomon Smith Barney’s REIT research team. He has held positions in real estate finance, investment banking, consulting, and strategic planning at D. Sherman & Company, Smith Barney, The Harlan Company, First Boston, and Paine Webber. He was also an Adjunct Professor of Real Estate Finance at Columbia Business School for seven years. Mr. Sherman holds an AB in Mathematical Economics from Brown University and an MBA in Finance from Columbia Business School.
Mr. Sherman and his wife Liz, a former BTNY board chair, have been benefactors of BTNY students since the organization’s establishment as an independent nonprofit in 2009. They fund Sherman Scholars, a grant program that enables BTNY students to attend private schools by covering financial aid gaps that would otherwise prevent them from attending.
“For over a decade, I have seen the life-changing impact Breakthrough New York has on talented young people — and their families — from low-income backgrounds,” said Mr. Sherman. “It’s been my privilege to support Breakthrough New York’s work to nurture its students’ potential and help them achieve the success they deserve in college and careers. Now, as a board member, I look forward to helping this organization continue to grow responsibly and sustainably in the years to come.”
BTNY was founded as Summerbridge at The Town School in Manhattan in 1999 and has since expanded in size and scope, now serving 527 students and providing a full ten years of support for every student. Services include rigorous summer academic programming, after-school tutoring, test prep, high school and college admissions guidance, financial advisement, internship placements, and more.
The organization boasts a stellar track record, helping 100% of its graduating seniors matriculate to college this year. In 2015, BTNY expanded services beyond high school, to help students all the way through college graduation. This past spring, its second class to have gone through all ten years of the program graduated from college.
With three program sites in Manhattan, Brooklyn, and the Bronx, BTNY draws students from across New York City. The organization strives to create leaders who break the cycle of poverty in their families and effect positive change in their communities. It also inspires talented young people to enter careers in education through its unique students-teaching-students model.
Demand is steep for the organization’s services. A record 476 sixth graders applied for spots in BTNY’s new class, which started its 10-year journey to college graduation with summer classes in July and is now receiving after-school tutoring, enrichment, and guidance.
For the full list of BTNY’s board of directors, visit www.btny.org/our-board.