The Deal profiled Cynthia Remec’s board matching work in a December 2002 article on New Yorkers making a difference in the nonprofit community.
The following is an excerpt from the same and describes how Ms. Remec works to make it easier for committed New Yorkers to find nonprofit board spots:
“We take the whole cloak-and-dagger double secret out of the board process. I spell out what the time commitment is, what the financial commitment is and what the board culture is.” She points out that while “I was concerned that the organizations would want my [candidates] just for their checkbooks, the organizations I work with want something in the range of $5,000 to $10,000” and managerial involvement. “These executives can come in and look at an organization like a McKinsey consultant and see where it needs to go. I won’t work with a nonprofit who says we want $25,000 a year but they don’t have to show up.”
Remec calls education boards “some of the most desirable to [candidates].” She notes that two of the nonprofits she has worked with are Volunteers of America, which provides outreach services such as job training for the homeless and elder care, and the Patrons Program, which works with Catholic elementary schools in New York City.
Patrons allows donors to adopt inner-city schools. The program is backed by a number of past and current Wall Streeters such as U.S. Sen. Jon Corzine, D-N.J., formerly of Goldman Sachs; Thomas McInerney, Russell Carson and Richard Stowe of Welsh, Carson, Anderson & Stowe; Mario Gabelli of Gabelli Funds Inc.; Roger Altman of Evercore Partners; John J. Mack of Credit Suisse First Boston; and Phillip Purcell of Morgan Stanley.
Despite that kind of firepower, Remec says board members “don’t need to be over 40 and have a roman numeral at the end of your name. But it’s a wonderful gift, a chance to serve in a meaningful way.” –The Deal, December 13, 2002