Little league help.
Monday, August 27 2007
Big Four accounting firm KPMG LLP signed a long-term deal to become a presenting sponsor of Major League Baseball's Reviving Baseball in Inner Cities initiative. The firm will invest $1 million a year and the resources of its employees to support the youth baseball initiative founded in Los Angeles in 1989.
The fm-n initially invested in the program in New York's Harlem neighborhood and decided to expand its sponsorship this year to the national level. That meant becoming a partner for the RBI World Series that took place earlier this month in Compton, which featured both boys and girls youth teams competing from around the country. More than 50 KPMG employees from the L.A. office were asked to volunteer their time as scorekeepers, vendors and such for the event. On a national level, the firm will lend its organizational and managerial skills to the program's overall development.
Major League Baseball has invested $10 million in its first Youth Baseball Academy in Compton. The facility has been open 16 months.
Meanwhile, executives of the Los Angeles-based team The Summa Group of wealth management firm Oppenheimer & Co. Inc., who are usually busy providing asset management and estate planning services to individuals and some institutions, took a break last week to support its baseball initiative by bringing two groups of kids to a Dodgers game.
"When we're not doing what we do Monday-Friday, this is one of our passions," said Brian Werdesheim, executive director of investments for the company. The Summa Group expects to raise $1 million for charity this year.


