Fidelity Investments and
UNH Announce First Community Service Awards
Contact: Lori Wright
UNH Media Relations
May 6, 2004
DURHAM, N.H. -- The University of New Hampshire's Whittemore School
of Business and Economics and Fidelity Investments' Merrimack Region
will award the first Community Service Awards to recognize outstanding
student volunteer activities.
The awards will be presented Wednesday, May 12, 2004, at 1 p.m.
in the reading room of McConnell Hall.
Four awards will be presented to students enrolled in the Whittemore
School's Introduction to Business course taught by Ross Gittell,
James R. Carter Professor of Management. The students are required
to do eight hours of community service as part of learning about
corporate social responsibility, and the awards – a $1,000
grant – will go to the nonprofit organization or agency where
they complete their volunteer work.
On average the students in the class donate more than 5,000 hours
of service a year.
“Community service is a critical part of the academic mission
of the university because it instills an appreciation and dedication
to civic responsibility and citizenship. These students, through
their volunteer efforts, are an example of the importance of students
engaging the community to extend their knowledge beyond the university,”
UNH President Ann Weaver Hart said.
Fidelity committed $10,000 to support the programs for the first
year. Each semester, $1,000 grants will be awarded in four categories.
The awards will recognize student volunteer projects that promote
literacy and/or help strengthen reading skills for a variety of
age groups and populations; promote personal financial education
and further understanding of personal finance concepts; and help
a nonprofit organization use technology to initiate changes in its
operations to expand or improve service. The fourth award will recognize
the project that provides the greatest benefit to families and individual
residents of the town of Durham.
"Fidelity is pleased to partner with the Whittemore School
on this exciting new project," said Tom O'Rourke, director
of public affairs for Fidelity's Merrimack, New Hampshire region.
"Civic responsibility is one of our core values at Fidelity.
The earlier we can expose business students to volunteerism and
community involvement, the more likely they will be to engage in
community service throughout their college careers and as they enter
Fidelity Investments is one of the world's largest providers of
financial services, with custodied assets of $1.9 trillion, including
managed assets of $1,021.3 billion as of March 31, 2004. Fidelity
offers investment management, retirement planning, brokerage, human
resource sand benefits outsourcing services to 18 million individuals
and institutions as well as through 5,500 financial intermediaries.
The firm is the largest mutual fund company in the United States,
the No. 1 provider of workplace retirement savings plans, one of
the largest mutual fund supermarkets and a leading online brokerage
firm. For more information about Fidelity Investments, visit www.fidelity.com.