Thread receives $6 million pledge at Baltimore Homecoming

Editor’s note: The following article appeared on bizjournals.com on October 5, 2018.

By Jessica Iannetta

A Baltimore nonprofit that aims to help underperforming high school students has received a $6 million pledge from a Boston foundation.

The gift was announced Friday following the inaugural Baltimore Homecoming, which sought to spark renewed interest among leaders in various fields who all have a connection to the city.

Jonathan Jacobson, a Baltimore native who attended the homecoming, and his wife, Joanna, are co-trustees of One8 Foundation, which made the pledge.

Echoing Green, a nonprofit that supports social entrepreneurs, also announced on Friday that its inaugural conference for its Black Male Achievement Fellows and other leaders from the government, social impact, and business sectors will be held in Baltimore in September 2019. Cheryl L. Dorsey, a Baltimore native and president of Echoing Green, also attended the homecoming.

“When we started organizing the Homecoming nearly 18 months ago, we had no idea how strong a response we’d have from the city’s alumni community,” said co-founder JM Schapiro, CEO of Continental Realty. “I am thrilled that so many folks made it back for the event and that so many are taking steps to get involved.”

Following the first year’s success, Homecoming organizers have also announced that they intend to hold a second Baltimore Homecoming in 2019. To be invited back next year, this year’s alumni must demonstrate a commitment to Baltimore by getting involved in the life of the city.

Baltimore Homecoming is also launching a new Baltimore Ambassadors program designed to keep alumni engaged throughout the year. The program will identify prominent Baltimore alumni in major cities, who will then be responsible for ongoing organizing with the Baltimore alumni community in their respective areas. The program’s first ambassador is Morris Offit, who will lead the New York City efforts and is the former chairman of the board of Johns Hopkins University and the chairman of Offit Capital, a wealth management advisory firm.

Source: Baltimore Business Journal, October 5, 2018

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