September 10, 2020
Company: Intercontinental Real Estate Corp.
Headquarters: Boston Partners with: 3Point Foundation
Contributions: Financial contributions, volunteer hours, board- level participation
3Point Foundation aims to close the opportunity and achievement gap for economically disadvantaged and underserved middle schoolers in the Roxbury and Dorchester neighborhoods of Boston. The nonprofit, founded in 2012, does this through an afterschool program that combines classroom learning and sports, from basketball to dance.
Real estate investment firm Intercontinental Real Estate Corp. has been working with 3Point Foundation for nearly as long as the nonprofit has existed. The partnership between the two runs from the top of the organizational chart to the bottom: Peter Palandjian, CEO of Intercontinental, serves on the nonprofit's board, while the real estate company’s employees volunteer for 3Point and work with its students. Additionally, the company has made several donations to 3Point and has helped raise funds for the organization in other ways.
“As 3Point has grown, they’ve committed more resources and more people to supporting the program,” Neil Jacobs, founder of 3Point Foundation said.
That multilevel partnership is the reason the two organizations have been recognized by the Boston Business Journal among its 2020 Partners of the Year award honorees, part of the BBJ's 15th Annual Corporate Citizenship Awards.
The foundation started with 15 students in its summer program and now 3Point serves 300 students after-school and 90 students over the summer. Through the years, students have improved with their school subjects as well as social-emotional growth. When Boston Public Schools went virtual in March, the program continued remotely where students created videos and competed in basketball challenges.
Jacobs said Palandjian offers a lot of guidance on the board, informed by his experience with other nonprofit organizations.
“Peter has a very deep concern and compassion for folks who haven’t had the advantages that he’s had, and he’s committed to trying to improve and create opportunities for achievement for those who aren’t on a playing field that is level,” Jacobs said.
While Intercontinental’s employees won’t be volunteering in person this fall, Jacobs said they hope students will be able to visit Intercontinental’s offices next summer to learn more about real estate and to start thinking about their careers.
Peter Palandjian, CEO of Intercontinental Real Estate Corp., (left) and Neil Jacobs, founder of 3Point Foundation (right) have worked together for eight years.