Deutsche Bank Americas Foundation Launches College Ready Communities Initiative, Selects Four NYC Partnerships

College Readiness Program Supported by the Bill & Melinda Gates Foundation;
Community-based Awardees from Central Brooklyn, Central Harlem, Flushing, Queens
and South Bronx
NEW YORK--(Business Wire)--
The Deutsche Bank Americas Foundation, the philanthropic arm of Deutsche Bank in
the United States, today announced the grant recipients for its new College
Ready Communities Initiative, which is designed to connect community
revitalization with education reform efforts in low-income neighborhoods in New
York City. The two-year effort, funded through a $2 million grant from the Bill
& Melinda Gates Foundation with matching funds through the Deutsche Bank
Foundation, will create collaborative projects among community based
organizations that are working to improve middle and high school educational
outcomes and support college readiness initiatives.

In announcing the grant recipients, Gary Hattem, President of the Deutsche Bank
Americas Foundation, said, "There is too much talent going to waste in our
neighborhoods. The same entrepreneurial spirit of local residents and
organizations that led to the revitalization of so many of our communities now
needs to be put to work to build a culture of academic success. College Ready
Communities harnesses these unique capabilities in places where this shared
intent will be given a chance to prove itself."

The awardees were announced at an event hosted by the Deutsche Bank Americas
Foundation at the Thurgood Marshall Academy for Learning and Social Change, a
school launched by the Abyssinian Development Corporation.

"Fostering a `college going culture` is not something that ends at the
schoolhouse door. College Ready Communities Initiative gives community
organizations resources to help us work together more effectively to reach more
young people and families. This is critical in times when the need persists and
every dollar needs to stretch even further," said Rev. Dr. Calvin O. Butts, III,
Pastor of the Abyssinian Baptist Church and Chairman and founder of the
Abyssinian Development Corporation.

The partnerships are as follows:

* Cypress Hills Local Development Corporation/Make the Road New York/Urban Youth
Collaborative
* Abyssinian Development Corporation/The Brotherhood Sister Sol/Coalition for
Educational Justice
* Internationals Network for Public Schools /The South Bronx Overall Economic
Development Corporation/Make the Road New York
* Asian Americans For Equality/Coalition for Asian-American Children and
Families

About Deutsche Bank

Deutsche Bank (NYSE: DB) is a leading global investment bank with a strong and
profitable private clients franchise. A leader in Germany and Europe, the bank
is continuously growing in North America, Asia and key emerging markets. With
78,896 employees in 72 countries, Deutsche Bank competes to be the leading
global provider of financial solutions for demanding clients creating
exceptional value for its shareholders and people.

www.db.com

Deutsche Bank Americas Foundation

The Deutsche Bank Americas Foundation administers the philanthropic activities
of Deutsche Bank within the United States, Latin America and Canada. Together,
the Bank's Community Development Group and Foundation carry out the firm's
corporate citizenship commitments through a program of loans, investments and
grants. Based in New York City, where the majority of grants are awarded, the
Foundation supports nonprofit organizations that concentrate on community
development, education, and the arts.

Deutsche Bank
John Gallagher, 212-250-5525
Media Relations
John-t.gallagher@db.com
or
Brunswick Group
Katie Foley, 212-333-3810
kfoley@brunswickgroup.com

Copyright Business Wire 2009