Firm is now a recognized LGBT Business Enterprise®
Press Release – NEW YORK, February 26, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor that helps investors achieve their financial and societal objectives without sacrificing investment performance, today announced that it has been granted LGBT Business Enterprise® (LGBTBE) certification through the National LGBT Chamber of Commerce (NGLCC) Supplier Diversity Initiative.
The NGLCC is the business voice of the LGBT community and the largest global not-for-profit advocacy organization specifically dedicated to expanding economic opportunities and advancement for LGBT people.Founded in 2002, the NGLCC serves as the nation’s exclusive certifying body for LGBT-owned business enterprises (LGBTBEs)and currently represents a membership of over 1,000 LGBTBEs.
“We are gratified to be recognized by the National LGBT Chamber of Commerce for our efforts to support inclusion and diversity,” said Erika Karp, Founder and CEO of Cornerstone. “While progress has been made, the LGBT community continues to face widespread discrimination at work. At Cornerstone, we believe that greater diversity will lead toimproved creativity, collaboration, and productivity,which inturn will increase profitability for businesses. We are honored to stand with the NGLCC to advance the inclusion of the LGBT community in the workplace.”
Cornerstonewas founded with a commitment to diversity and inclusion. In 2017, Cornerstone joined Lambda Legal in calling on the Supreme Court to affirm employment discrimination protections for LGBT people. Cornerstone together with 75 other companies filed a friend-of-the-court brief in support of a federal lawsuit asking the U.S. Supreme Court to decide whether sexual orientation discrimination violates Title VII of the Civil Rights Act.
Additionally, Erika Karp was one of the first openly gay female brokers on Wall Street more than 25 years ago. Karp, along with her wife SariKessler, became one of the first gay couples to get married legally in New York City in 2011.
Further, in 2015, the company was certificated as a Women’s Business Enterprise by the Women’s Business Enterprise National Council (WBENC).
Founded in 2013, Cornerstone Capital Group is a financial services firm based in New York. The mission of the firm is to enable investors to achieve their financial and societal objectives without sacrificing investment performance. Cornerstone works with families and individuals, foundations and endowments, multifamily offices and other registered investment advisors to develop and manage customized investment strategies to achieve bespoke financial and impact objectives.
The National LGBT Chamber of Commerce is the business voice of the LGBT community and the largest global not-for-profit advocacy organization specifically dedicated to expanding economic opportunities and advancements for LGBT people. NGLCC is the exclusive certification body for LGBT-owned businesses. www.nglcc.org
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