nypace was established...
in the spring of 2001 by a group of finance professionals who were unable to find a similar program through their respective company's community-related activities. After having experienced various firm-organized community-related projects they were looking to find a more productive use of their business skills in giving back to the community. Not being able to find such a group that would allow them to achieve this outcome, they realized that no such organization existed.
In response, they proceeded to think through ways in which such an organization could be set-up and the various forms such a contribution from professionals could take. During this exploratory phase the Harlem Ventures Group became an important partner in developing the NYPACE concept and providing it with businesses for its advisors to partner with.
A number of pilot programs were undertaken, each with a varying structure, to explore the most appropriate model for NYPACE to pursue. This evolutionary format has allowed NYPACE to finesse its structure to best suit both its advisors and entrepreneurs. NYPACE now has a sustainable model, which it believes will effectively allow entrepreneurs to gain access to experienced professionals from some of New York's highest caliber professional services organizations and to provide a vehicle for these professionals to give back to their community.
NYPACE was incorporated in the state of New York in 2003 and has received its non-profit status under Section 501(c)3 of the Internal Revenue Service Code. NYPACE recently kicked off its inaugural fundraising campaign, so please click on the link to the right if you would like to make a contribution to NYPACE.