A Grant from HSBC Bank USA Brings Critical Horizons National Summer Program to Chicago for the First Time
July 11 2018 - 1:23PM
Business Wire
Studies show all children learn at similar pace
during school hours but lower-income children fall critically
behind during the summer months; Horizons works to change that.
With the support of HSBC, Horizons National has launched three
new Horizons programs in Chicago this summer. Two programs serve
families on the South Side and another focuses on the West Side of
the city.
HSBC and Horizons make the announcement on the eve of National
Summer Learning Day, an advocacy day aimed at elevating the
importance of keeping kids learning, safe, and healthy during the
summer break from school.
By providing low-income children with an opportunity to gain,
rather than lose, skills each summer and throughout the school
year, Horizons National makes an ideal investment for HSBC in
Chicago. Preventing a summer slide is the source of increased
anxiety for many Chicago families, including those on the South and
West sides of the city, where the four-year high school graduation
rate is less than 75%. Horizons can help to address that, since the
program’s participants in other cities currently demonstrate a high
school graduation rate of 97% on average, and 91% of these
graduates go on to college or other post-secondary education.
The HSBC grant of $1.5 million to Horizons National, announced
in 2017, has helped the program explore expanding in New York City
and is bringing Horizons to new cities, starting with Chicago.
Students who participate in Horizons’ highly effective,
tuition-free, six-week summer program gain 8-12 weeks on average in
reading and math compared to the 8-12 week loss most low-income
children experience. More than four in five students return to the
program year after year from kindergarten through high school,
building lasting relationships with their teachers and peers while
developing essential life skills. This impacts Horizons’ success
with high school graduation rates, which outpace the national
average.
“These gaps in opportunity and achievement affect everyone. It’s
easy to think, ‘this isn’t my problem,’ but limited opportunity and
achievement for any one of us means a limited future for all of
us,” said Horizons National CEO, Lorna Smith.
“HSBC wants to help people realize their ambitions, and through
this partnership we’ll be able to help more children aspire to
achieving their potential,” said Patrick J. Burke, President and
Chief Executive Officer, HSBC USA. “I invite the public to see
first-hand what Horizons National has achieved and to join us in
supporting its programs in Chicago and their hometowns.”
Find out more at horizonsnational.org and join the conversation
on Twitter and Facebook.
Note to editors:
Horizons National is a growing, community-centered
network of over 50 affiliate sites across the country that provides
high-quality academic enrichment programs to children in need, from
Pre-K through high school. Coming to Horizons with a broad range of
academic ability, low-income students discover the joy of learning,
the skills for success, and the inspiration to achieve their
dreams. With an intensive six-week summer program, plus afterschool
and weekend programs throughout the year, Horizons students explore
a project-based curriculum and focus on reading and STEM, and
participate in the arts, fitness, nutrition, and field trips.
Horizons programs are located on the campuses of independent
schools, charter schools, colleges, and universities, and are
taught by professional teachers with a 5:1 student to teacher
ratio.
HSBC Bank USA, National Association (HSBC Bank USA, N.A.)
serves customers through retail banking and wealth management,
commercial banking, private banking, and global banking and markets
segments. It operates bank branches in: California; Connecticut;
Delaware; Washington, D.C.; Florida; Maryland; New Jersey; New
York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A.
is the principal subsidiary of HSBC USA Inc., a wholly-owned
subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A.
is a Member of the FDIC. Investment and brokerage services are
provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/
SIPC) and insurance products are provided through HSBC Insurance
Agency (USA) Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20180711005697/en/
Media enquiries to:Horizons NationalKelly Mattox,
+1-203-594-7040kmattox@horizonsnational.org@HorizonsNatlorHSBCRob
Sherman, +1-212-525-6901robert.a.sherman@us.hsbc.com@HSBC_US
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