Lehman Brothers - 2007 Annual Report

Philanthropy

Where will you make your mark? At Lehman Brothers, that is what we ask all of our employees.

In 2007, employees responded as they always have, continuing the Firm’s proud history of charitable giving and community involvement. Thousands of our employees participated in the Firm’s 2007 Employee Giving Campaign, personally contributing more than $4.6 million to the Lehman Brothers Foundations for grants. Of those grants, more than 82% were awarded to organizations recommended by our employees. On the ground, more than 8,000 employees volunteered in a community activity, and hundreds more served the community on not-for-profit boards and in leadership groups.

Our focus remains: work with organizations that give children a chance to succeed, help the sick, or benefit the arts. In doing so, we are continuing our mission to support our communities.

The following are some highlights of our philanthropic efforts in 2007:

Lehman Brothers has a strong relationship with The Posse Foundation, a program that prepares urban high school students for enrollment at top-tier universities. In addition to monetary support, the Firm has hired more than 200 Posse scholars over the years, both as interns and full-time employees, and one of our employees serves on the organization’s board of directors.

A Lehman Brothers Foundation grant will support the construction of a medical center at the newly built SOS Children’s Village in Malawi. The Village provides permanent, family-style housing for 150 orphaned, abandoned and neglected children. The new medical facility will provide annual medical and counseling services to an estimated 20,000 children and adults in the surrounding area.

Society for AIDS Care is the only community-based facility in Hong Kong that provides direct care to people living with HIV and their families. At the recommendation of one of our employees, a grant from The Lehman Brothers Foundation funded a training program for AIDS healthcare workers.

CLIC Sargent is the UK’s leading children’s cancer charity, supporting children with cancer and their families by providing care during and after treatment. In 2007, Firm employees raised nearly €130,000 for CLIC, a Lehman Brothers UK employee charity partner, through fundraising events and activities.

Our employees in Milan have partnered with Centro di Aiuto al bambino maltrattato e alla Famiglia in crisi (CAF), the first private facility in Italy to provide shelter for abandoned and abused children. More than half of the employees in our Milan office took part in volunteer opportunities, and a Lehman Brothers Foundation Europe grant will expand the counseling services CAF provides to children and their families.

The Firm initiated the Community Leadership Program. More than 20 of our New York-based summer analysts worked with two local community organizations, renovating schools and rejuvenating public parks, and preparing and delivering meals to homebound patients. The new program offered our summer analysts an opportunity to experience an important part of the Firm’s culture: giving back to the communities in which we live and work.

		PHILANTHROPY Philanthropy Where will you make your mark? At Lehman Brothers, that is what we ask all of our employees. In 2007, employees responded as they always have, continuing the Firm’s proud history of charitable giving and community involvement. Thousands of our employees participated in the Firm’s 2007 Employee Giving Campaign, personally contributing more than $4.6 million to the Lehman Brothers Foundations for grants. Of those grants, more than 82% were awarded to organizations recommended by our employees. On the ground, more than 8,000 employees volunteered in a community activity, and hundreds more served the community on not-for-profit boards and in leadership groups. Our focus remains: work with organizations that give children a chance to succeed, help the sick, or benefit the arts. In doing so, we are continuing our mission to support our communities. The following are some highlights of our philanthropic efforts in 2007: Lehman Brothers has a strong relationship with The Posse Foundation, a program that prepares urban high school students for enrollment at top-tier universities. In addition to monetary support, the Firm has hired more than 200 Posse scholars over the years, both as interns and full-time employees, and one of our employees serves on the organization’s board of directors. A Lehman Brothers Foundation grant will support the construction of a medical center at the newly built SOS Children’s Village in Malawi. The Village provides permanent, family-style housing for 150 orphaned, abandoned and neglected children. The new medical facility will provide annual medical and counseling services to an estimated 20,000 children and adults in the surrounding area. Society for AIDS Care is the only community-based facility in Hong Kong that provides direct care to people living with HIV and their families. At the recommendation of one of our employees, a grant from The Lehman Brothers Foundation funded a training program for AIDS healthcare workers. CLIC Sargent is the UK’s leading children’s cancer charity, supporting children with cancer and their families by providing care during and after treatment. In 2007, Firm employees raised nearly €130,000 for CLIC, a Lehman Brothers UK employee charity partner, through fundraising events and activities. Our employees in Milan have partnered with Centro di Aiuto al bambino maltrattato e alla Famiglia in crisi (CAF), the first private facility in Italy to provide shelter for abandoned and abused children. More than half of the employees in our Milan office took part in volunteer opportunities, and a Lehman Brothers Foundation Europe grant will expand the counseling services CAF provides to children and their families. The Firm initiated the Community Leadership Program. More than 20 of our New York-based summer analysts worked with two local community organizations, renovating schools and rejuvenating public parks, and preparing and delivering meals to homebound patients. The new program offered our summer analysts an opportunity to experience an important part of the Firm’s culture: giving back to the communities in which we live and work.

PHILANTHROPY

Philanthropy