The Children’s Aid Society Receives Grant to Reduce Bronx Poverty

Michael Mikelic serves as managing partner of King Penguin Opportunity Fund II and King Penguin Opportunity Fund III. Outside of work, Michael Mikelic gives back to the community through his support of several organizations, including the Children’s Aid Society, which works to improve quality of life for children across New York City.

Recently, the organization received a $2.75 million grant from the New York State Assembly through the Empire State Poverty Reduction Initiative. With this money, Children’s Aid is charged with leading efforts in the Bronx to reduce poverty. The project will start with a task force to identify high-need areas and key problems. Then, a comprehensive plan to adequately address those issues will be formulated. 

Children’s Aid has worked extensively with youth and families in the South Bronx to help them overcome barriers to success and realize potential. Officials at the organization are thrilled to support the diverse Bronx community and develop new resources for a chronically underserved community. 

Already, Children’s Aid has a strong network of services for individuals in key Bronx neighborhoods with particularly high poverty and unemployment rates. This funding will help expand and adapt programming.