U.K. disability charity Scope has selected Bank of New York Mellon Corp. (BNY Mellon) as pro-bono corporate trust services provider for the first issuance of Scope’s £20 million charity bond program. The charity is looking to use the funding to develop its income generation avenues comprising fundraising programs and charity shops.
Scope has structured the charity bond program to meet both the ethical and financial needs of social investments. BNY Mellon is an asset management and securities services company, managing $11.8 trillion in outstanding debt across 20 countries.
Click here for the release from BNY Mellon.