Sontag Advisory commits funds for new 400-student school in Haiti

April 30, 2010 at 08:00 PM
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Sontag Advisory, LLC, a leading independent investment advisory firm with offices in New York and Connecticut, announced April 28 that it will support the planning, construction and furnishing of a new primary school in Haiti for 400 children as part of the firm's celebration of its 15th anniversary. Working with National Financial Partners Corp. and charitable giving partners including Breckinridge Capital Advisors, Inc., Corby Asset Management, LLC, Hamlin Capital Management, LLC and other donors, Sontag Advisory is coordinating efforts through Plan, a nonprofit organization with over 35 years of experience working in Haiti. A minimum of $180,000 in funds and supplies have been committed by Sontag and its partners. All donated funds will go toward the construction of the school.

Howard Sontag, founder and CEO of Sontag Advisory, said, "Sontag Advisory has been very successful over our 15-year history, and to celebrate this significant milestone, we wanted to look outward and give back to the global community. We created this project in the wake of the recent devastation in Haiti to do our part to help those less fortunate in honor of our clients. We are thrilled that our fundraising efforts secured funds sufficient to fully build and equip a brand new, earthquake-resistant school, and we thank our contributing partners who have joined us in supporting this important education initiative to help the children of Haiti."

The contribution from Sontag Advisory and its partners will help an estimated 400 primary school children in Haiti go back to school next year. Plan estimates that 5,000 schools were damaged or destroyed in the January 12, 2010 earthquake and more than 300 teachers died in the disaster.

"We believe that investment in education is a powerful driver of any country's success. We are pleased to work with Plan and our contributing partners to support education in Haiti and bring this project to life," said Donna Levy, Chief Investment Officer and a principal of Sontag Advisory.

"Howard and Donna came to us with an extraordinary proposal – to donate funds and equipment sufficient to build and fully equip an elementary school in Haiti," said Audrey Bracey Deegan, President and CEO of Plan USA. "We are thrilled to work with Sontag Advisory and its partners on such a unique and important project, which supports our mission to empower global communities through education and to help girls and boys realize their full potential. We are grateful for this generous contribution, and look forward to building a school in Haiti that will bring much needed hope to one of Haiti's most devastated communities."

The project will be implemented over a period of 12 months, from May 2010 to April 2011. It includes building a new primary school complete with furnishings, supplying teaching and classroom materials and training teachers. The school will be located in Jacmel or Croix-des-Bouquets, Haiti, and it will conform to international earthquake resistance and Sphere standards.

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