Vanguard is bringing together all of its Vanguard Gives Back community service activities, including its employee giving efforts, volunteer initiatives, and a new philanthropic impact program, Vanguard Capital for Kids, under the leadership of Carra Cote-Ackah.

Ms. Cote-Ackah has been appointed to a newly created position with the responsibility of leading Vanguard's community service efforts. She joins Vanguard from the University of Pennsylvania's Center for High Impact Philanthropy, one of the strategic partners Vanguard engaged to enhance the firm's philanthropic program.

"Vanguard has had a culture of caring since our founding and remains very committed to community involvement," said Vanguard CEO Bill McNabb. "We believe our focus on high impact philanthropy, under Ms. Cote-Ackah's direction, will drive real, measurable change in the communities where we live and work."

"I look forward to guiding Vanguard's community and philanthropic activities into this exciting next phase," said Ms. Cote-Ackah. "Vanguard's leadership and crew are committed to being a partner in their communities, and we have an incredible opportunity to harness the existing enthusiasm and decades of good work to address our regions' greatest needs."

The Vanguard Capital for Kids Program, established in 2015, will provide funding and skills-based volunteer service to nonprofits that support high-quality early child learning in communities in which Vanguard has major operations: Philadelphia, Phoenix, and Charlotte. The program works with experts in the field to identify groups that are highly effective in driving results and helping young children with the greatest needs.1

Vanguard created the Capital for Kids Program with the belief that investments made early in a child's life are critical to their own development, as well as to the long-term well-being of our communities. It is being funded through both company and employee giving, and will be managed and assessed with rigorous oversight to ensure the resources are making a maximum impact.

Ms. Cote-Ackah has dedicated her career to working on issues facing vulnerable children and disadvantaged communities. She holds a Bachelor of Science in psychology and child development from Vanderbilt Universityand a Master of Arts in Liberal Studies from Duke University. She received her M.B.A. from The Wharton School, University of Pennsylvania, where she was awarded the Morgenthau Public Administration Fellowship in support of excellence in public interest and public policy.

1Grants are being made on an invitation-only basis.

About Vanguard
Vanguard is one of the world's largest investment management companies. As of June 30, 2016, Vanguard managed more than $3.6 trillion in global assets. The firm, headquartered in Valley Forge, Pennsylvania, offers more than 350 funds to its more than 20 million investors worldwide. For more information, visit vanguard.com.

About the Center for High Impact Philanthropy

The Center is a global authority on analyzing opportunities for social impact and practicing high impact philanthropy. Based at the University of Pennsylvania, its multi-disciplinary team provides public information, education, and advisory services to funders around the world. For more information, visitwww.impact.upenn.edu.