Insignia CEO to lead YMCA campaign

Real Estate Weekly, April 4, 2001

Stephen B. Siegel, Chairman and Chief Executive Officer of the premier commercial real estate company Insignia/ESG, Inc., has been appointed Chair of the YMCA of Greater New York's $50 million Capital Campaign for Kids, announced Paula Gavin, President of the YMCA. The campaign is the centerpiece of the YMCA's $1 15-million master plan, a redevelopment strategy for 20 YMCA Branches that will enable the YMCA to serve 200,000 New York City children and teens -- one in ten -- by 2005.

"For so many kids, the YMCA is a home away from home, fostering learning and personal development. We are delighted that Steve Siegel has agreed to serve as Campaign Chair," stated Board of Directors Chairman Robert Annunziata, also recently appointed. As a result of the campaign, by 2005 every Branch will have a teen center; additional program areas dedicated to pre-teens, and a community computer center. Every Branch will be able to provide more academic support, including tutoring, as well as arts and culture programming for all children and teens. The redevelopment will further the Y's ability to launch or expand outreach programs in public schools and other community facilities.

Since joining Insignia's predecessor company, Edward S. Gordon Company in 1992, Siegel has presided over the rapid growth of the firm, which has seen its annual revenues surge from approximately $50 million to more than $700 million on an international basis. "With Steve's successful record in the real estate business combined with his concern for and dedication to children, I am confident that New York City's kids and the YMCA are in very good hands," said Gavin. Siegel is also involved in a number of other charitable organizations such as the Association for the Help of Retarded Children (AHRC), where he is General Chairman.