“Futures & Options for Kids and NYBOT have always been closely connected,” said Fred Mascia, Chairman of Futures and Options for Kids. “But now with this new designation and our affiliation with the Exchange, we will further enhance our ability to provide funds for children in need. We are very pleased to now be a part of NYBOT.”
The non-profit has established a reputation as a reliable source of funding for charitable organizations that serve the needs of children. Futures & Options for Kids’ receives a significant portion of its donations from NYBOT and the New York floor community, as well as others in the futures industry. With NYBOT assuming the administrative costs of running the organization, more of the money raised by Futures & Options for Kids will go directly to the groups helping children.
“We welcome Futures & Options for Kids into the NYBOT family,” said C. Harry Falk, NYBOT’s President and CEO. “For many years, the membership and staff of the Exchange have enthusiastically supported the work of Futures & Options for Kids, and we look forward to expanding our efforts on behalf of children in need. As a service organization with a global constituency, we at NYBOT understand how much can be accomplished by providing more resources and visibility to this charitable effort.”
Futures & Options for Kids is a philanthropic organization whose mission is to raise funds for distribution to agencies committed to improving the lives of children in need in the areas of health, education & welfare. Futures & Options for Kids, formerly known as the CEC Children’s Fund, was founded in 1980 by several inspiring members of the New York Commodities Exchange Center (CEC). Over $10 million has been raised and distributed to hundreds of organizations throughout the tri-state area and Chicago. To learn more about Futures & Options for Kids, please visit www.futuresandoptionsforkids.org, or call 212-748-4146.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
