A Grant from HSBC Bank USA Brings Critical Horizons National Summer Program to Chicago for the First Time

With the support of HSBC, Horizons
National has launched three new Horizons programs in Chicago this
summer. Two programs serve families on the South Side and another
focuses on the West Side of the city.

HSBC and Horizons make the announcement on the eve of National
Summer Learning Day, an advocacy day aimed at elevating the
importance of keeping kids learning, safe, and healthy during the summer
break from school.

By providing low-income children with an opportunity to gain, rather
than lose, skills each summer and throughout the school year, Horizons
National makes an ideal investment for HSBC in Chicago. Preventing a
summer slide is the source of increased anxiety for many Chicago
families, including those on the South and West sides of the city, where
the four-year
high school graduation rate is less than 75%. Horizons can help to
address that, since the program’s participants in other cities currently
demonstrate a high school graduation rate of 97% on average, and 91% of
these graduates go on to college or other post-secondary education.

The HSBC grant of $1.5 million to Horizons National, announced in 2017,
has helped the program explore expanding in New York City and is
bringing Horizons to new cities, starting with Chicago.

Students who participate in Horizons’ highly effective, tuition-free,
six-week summer program gain 8-12 weeks on average in reading and math
compared to the 8-12 week loss most low-income children experience. More
than four in five students return to the program year after year from
kindergarten through high school, building lasting relationships with
their teachers and peers while developing essential life skills. This
impacts Horizons’ success with high school graduation rates, which
outpace the national
average.

“These gaps in opportunity and achievement affect everyone. It’s easy to
think, ‘this isn’t my problem,’ but limited opportunity and achievement
for any one of us means a limited future for all of us,” said Horizons
National CEO, Lorna Smith.

“HSBC wants to help people realize their ambitions, and through this
partnership we’ll be able to help more children aspire to achieving
their potential,” said Patrick J. Burke, President and Chief Executive
Officer, HSBC USA. “I invite the public to see first-hand what Horizons
National has achieved and to join us in supporting its programs in
Chicago and their hometowns.”

Find out more at horizonsnational.org
and join the conversation on Twitter
and Facebook.

Note to editors:

Horizons National is a growing, community-centered network of
over 50 affiliate sites across the country that provides high-quality
academic enrichment programs to children in need, from Pre-K through
high school. Coming to Horizons with a broad range of academic ability,
low-income students discover the joy of learning, the skills for
success, and the inspiration to achieve their dreams. With an intensive
six-week summer program, plus afterschool and weekend programs
throughout the year, Horizons students explore a project-based
curriculum and focus on reading and STEM, and participate in the arts,
fitness, nutrition, and field trips. Horizons programs are located on
the campuses of independent schools, charter schools, colleges, and
universities, and are taught by professional teachers with a 5:1 student
to teacher ratio.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves
customers through retail banking and wealth management, commercial
banking, private banking, and global banking and markets segments. It
operates bank branches in: California; Connecticut; Delaware;
Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania;
Virginia; and Washington. HSBC Bank USA, N.A. is the principal
subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North
America Holdings Inc. HSBC Bank USA, N.A. is a Member of the FDIC.
Investment and brokerage services are provided through HSBC Securities
(USA) Inc., (Member NYSE/FINRA/ SIPC) and insurance products are
provided through HSBC Insurance Agency (USA) Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005697/en/

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