S O C I A L R E S P O N S I B I L I T Y R E P O R T 2 0 0 1

CREDIT SUISSE F IRST BOSTON FOUNDATION

Dear Colleagues and Friends,

I’m very proud to introduce this Report which describes the philanthropic

efforts of the Credit Suisse First Boston Foundation and the men and women

of the Firm who, through their volunteer efforts, make a positive impact on the

communities in which we live and do business.

Empowering change is more than an eye-catching phrase to support the image

and substance of a global investment bank that strives for excellence in all of

its endeavors. Building for the future, breaking down barriers to success and

creating opportunities for change are important parts of what we do in our day-

to-day business and what we support as a Firm through the Foundation and

the many volunteer programs described in this Report.

The Foundation’s mission is to support programs and education for inner city

youth and to contribute to cultural institutions in our community, both because

of their intrinsic value as a reflection of what we admire in the world around us

and because of the special benefits they offer to the Firm’s employees. While

it would be impossible to describe every act of kindness, support or expression

of the volunteer spirit which permeates the Firm, this Report will give you a

snapshot of the Foundation’s grant making activities and the volunteer

programs in which the men and women of Credit Suisse First Boston are

actively engaged.

I want to thank all of you who support the Foundation’s efforts with your time

and contributions and I hope that in the year ahead all our employees will find

a constructive way to give something back to the community in which they live.

Sincerely,

John J. MackChief Executive Officer

John J. Mack

Page

I. CSFB Foundation – Introduction 1

Mission and Priorities Statement 1

Grants 1

– United States 1

– Europe 1

– Asia Pacific 1

Cultural Commitment 2

Volunteer Program 2

Disaster Relief 3

II. Grants 4

United States 4

– Alphabetical Listing of Grants 7

Europe 8

– Alphabetical Listing of Grants 10

Asia Pacific 11

– Alphabetical Listing of Grants 12

III. CSFB’s Cultural Commitment 13

Museums and Other Cultural Institutions 13

IV. Volunteer Programs 14

Employee Volunteer Activities 14

Departmental Partnerships 20

V. Disaster Relief 24

VI. CSFB Perspectives 26

VII. Grant Making Guidelines 28

VIII. Conclusion 29

T A B L E O F C O N T E N T S

1

M i s s i o n S t a t e m e n t

The CSFB Foundation supports organizations whose primary goals are education and

programs that benefit inner city youth. This support takes the form of both financial

grants and employee volunteers. In addition, the Foundation supports the cultural

institutions in the major cities in which we work and live. Most of the Foundation’s

activities are focused on programs in New York City, the Firm’s headquarters in the

Americas. In addition, the CSFB Foundation allocates funds to our larger branch offices,

including Atlanta, Baltimore, Boston, Chicago, Houston, Los Angeles, Miami, Palo Alto,

Philadelphia, San Francisco and Washington, D.C. Finally, the Foundation coordinates

the philanthropic activities directed by the Europe Charity Committee and Asia Pacific

Philanthropic Committee.

I . C S F B F O U N D A T I O N – I N T R O D U C T I O N

G r a n t s – E u r o p e

The Charity Committee budget is directed primarily at local charities in the Docklands

area of London where our offices are situated. The focus of the funding is to support

organizations concerned mainly with children and education. The Committee also

regularly supports national charities, including the British Red Cross and Macmillan

Cancer Relief. The Charity Committee meets once a quarter to discuss the requests.

G r a n t s – U n i t e d S t a t e s

Choosing which organizations and programs to support financially in the United States,

principally in New York City, is an extremely difficult task given the hundreds of grant

applications the Foundation receives annually from respected groups. Programs for

young people at long established settlement houses, social service agencies and other

community organizations receive a significant portion of the Foundation’s financial grants.

We invest in the leadership of these groups, in innovative projects that may not attract

other funding and in organizations in which our employees are involved as long as they

are consistent with the Foundation’s mission.

The Future

Cheers, CSFB!

Costume Parade at the Globe

The Asia Pacific Philanthropic Committee was established in 1998 to fulfill the Firm’s

responsibility as a good corporate citizen within the nations of that region. Since its

founding, the Committee has donated to over 100 charitable organizations. The

Committee meets on a quarterly basis to consider proposals submitted by employees and

G r a n t s – A s i a P a c i f i c

2

Vo l u n t e e r P r o g r a m

CSFB employee volunteers are personally involved in improving our communities and

neighborhoods and share their time, talents and resources to bring hope and assistance

to those in need. By creating mutually beneficial volunteer programs for the community

and for CSFB employees, we strive to develop model programs, build support and

enthusiasm with our partner non-profits, and solve tough problems.

The CSFB Foundation provides employee volunteer opportunities for both ongoing and

one-time commitments. Individual and team-based volunteer projects offer a wide range

of commitment levels so that every employee can find a way to help.

Over the course of the year, hundreds of CSFB employees volunteered their time tutoring

children, delivering meals to people living with HIV/AIDS, revitalizing city parks and

gardens, visiting the elderly, and working to bridge the digital divide at schools and social

service agencies throughout New York City.

While this report includes a summary of our grants, it is also about people helping people

– volunteering their time, talents and resources.

Credit Suisse First Boston’s cultural commitment is concentrated in New York City, but

also includes other renowned museums and cultural centers. Employees and their

families are able to partake in a host of activities offered by these cultural institutions in

cities such as New York, San Francisco and Venice. The Foundation’s corporate

membership in many of these institutions gives CSFB employees discounts on

admissions and goods purchased in the museum stores, or dining at a museum

restaurant. In addition, the Foundation also funds programs such as the Brooklyn

Museum of Art’s Apprentice Program for high school juniors and seniors, which provides

students with the opportunity to learn and teach art to younger children during the

summer. Programs like the BMA Apprentice Program help the Foundation to fulfill its

mission of supporting educational programs for inner city youth.

C u l t u r a l C o m m i t m e n t

Brooklyn Museum of Art ApprenticeProgram

organizations and makes allocations as appropriate in Asia Pacific. The focus of CSFB

Asia Pacific’s philanthropic giving is disadvantaged children and education. Organizations

seeking funding must be registered charities located in the Pacific region where CSFB

conducts business.

Making new friends volunteering atGreenwich House

3

D i s a s t e r R e l i e f

When disasters like earthquakes, floods and epidemics strike, CSFB and its employees

respond by providing disaster relief funds, often through experienced service providers

such as CARE and the American Red Cross. More recently, in the aftermath of the World

Trade Center disaster on September 11th, the CSFB Foundation organized dozens of

employee volunteer efforts, ranging from preparing and serving food to rescue and

emergency crews to helping high school students displaced from their school by the

events to regain access to a computer network and continue their studies.

2 0 0 1 G r a n t s

New York City $ 2,764,523

Branch Offices outside New York City 377,500

Europe 840,000

Asia Pacific 440,000

Business Line Contributions* 10,830,000

Total $15,252,023

2 0 0 1 C S F B F o u n d a t i o nC o n t r i b u t i o n s b y C a t e g o r y

Arts7%

Education33%

Health & Nutrition6%

HumanServices

31%

Sports &Recreation

3%

YouthDevelopment

20%

* Paid out of the various business lines within CSFB, these gifts are by design business-related andgenerally support the charitable interests of our clients.

CSFB Volunteers working withAmerican Red Cross

Each year, CSFB

supports hundreds of

programs and

in i t ia t ives serv ing

educat ion, the ar ts ,

heal th , human serv ices

and youth

development .

4

Henry Street Settlement BaseballPlayers

U n i t e d S t a t e s – C o r e G r a n t s

In 1998 the CSFB Foundation trustees identified five key organizations which best

represented the Foundation’s mission, had senior management on their boards and

offered volunteer opportunities for our employees. We call those organizations our CORE

group. That list has since expanded to eight organizations. Below is a brief description

of our CORE group.

CityKids Foundation is a New York-based, multi-cultural organization which provides

young people with a forum to discuss and develop constructive responses to issues of

importance to them – racism, drugs, peer pressure, AIDS, violence, literacy, etc. With

programs focusing on self-esteem, health and education, CityKids is dedicated to

communicating positive values to youth and helping them change their world.

Good Shepherd Services is a social service and youth development agency that serves

over 10,000 New York City children and families each year. Good Shepherd Services

provides a continuum of services that includes citywide residential and group care, foster

care/adoption, and professional training services as well as a network of twenty

community-based social, educational, cultural, recreational, health-related, and

vocational-training programs that serve children and adults in New York neighborhoods.

Henry Street Settlement seeks to curb urban poverty by providing individuals and families

with crucial social and cultural services. Today the Settlement’s programs include four

transitional residences for the homeless, a battered women’s shelter, a mental health

clinic, a senior center, a multi-disciplinary arts center, services to homebound New

Yorkers, a day care center, and a broad spectrum of educational, recreational and

vocational programs for youth. Each year, Henry Street reaches 100,000 people.

Junior Achievement of New York (JANY) is the largest partnership linking the business

sector with education in New York City. Each year, more than 2,500 business people

from a variety of industries and management levels volunteer their time to teach JANY’s

programs. The organization offers in-school programs at every grade level. The purpose

of JANY is to “educate and inspire young people to value free enterprise, understand

business and economics, and be workforce ready.”

Prep for Prep is a long-term program to develop the leadership potential of able young

people from segments of society underrepresented in the leadership pool from which all

of our major institutions draw. Prep’s strategy is to identify talented students from

I I . G R A N T S – U N I T E D S T A T E S , E U R O P E A N D A S I A P A C I F I C

Prep for Prep

5

minority group backgrounds, prepare them for placement into independent schools, and

provide a sense of community, peer support, critical post placement services, and a range

of leadership development opportunities.

Pride First is a community-based organization dedicated to improving the scholastic

achievement of young people in Harlem. Through an accelerated learning program and

recreational and cultural exchanges, Pride First works to raise self-esteem, confidence

and dignity, and expand the sense that anything is possible.

Student Sponsor Partners (“SSP”) provides as many of New York City’s at-risk high

school youth as possible with an opportunity to receive a quality non-public high school

education through the financial support, and one-to-one mentoring guidance of a 4-year

sponsor. In doing so, SSP helps young people earn their high school diplomas, and thus

makes a direct and meaningful impact on young peoples’ lives.

The YMCA of Greater New York is a community-based service organization dedicated to

build the mind, body and spirit of New Yorkers, and the quality of life in New York City.

With values-based programs emphasizing education, health and recreation, the Y serves

women and men of all ages, races and religions, with a focus on youth.

Development School for Youth’s Team of All-Stars

Halloween party at the YMCA

6

T h e R o b i n H o o d F o u n d a t i o nL i b r a r y I n i t i a t i v e

The CSFB Foundation recently donated US $1.15 million to fund, in partnership with the

Robin Hood Foundation and the Board of Education, a pilot program to create or rebuild

libraries in ten elementary schools in New York City.

It is well-recognized that the New York City schools must improve the quality of students’

overall educational and learning experience. The school system has 1.1 million children

in 656 elementary schools, many of them either without libraries or with inadequate

library facilities. Only forty percent of children in the third through eighth grades read at

or above their grade level. Fewer than fifty percent of children in New York City public

schools graduate from high school within four years. This new pilot program will be

directed at improving these unacceptable conditions by reinventing the elementary school

library and related services. Schools with better library programs have better reading

scores, and the library and its staff are among the most stable and permanent part of a

child’s elementary school experience.

The CSFB and The Robin Hood Foundation partnership will rebuild elementary school

libraries into vibrant, state-of-the-art facilities and will help to integrate these facilities into

the school and the community. Librarians will be trained and certified. Hours will be

extended and libraries will be open on weekends. Book collections will be improved. The

pilot program, which is nearly complete, is creating or rebuilding ten school libraries

throughout the five boroughs. The first sites chosen are in the most disadvantaged

neighborhoods. The ultimate goal is to attract other financial support to create or rebuild

libraries in all of the 656 New York City elementary schools over the next three-to-five

years.

One important part of this pilot program will be the opportunity for CSFB employees to

become directly involved by adopting a school, mentoring and tutoring students, bringing

career discussions to schools, sponsoring book drives and other similar activities.

For both CSFB and The Robin Hood Foundation, this is a significant commitment to our

community and the children in our public elementary schools.

CSFB Foundat ion

Forms Corporate

Partnership wi th

The Robin Hood

Foundat ion to Improve

New York Ci ty Schools

Computers in New York Cityelementary school library

Doorway to knowledge

7

ARTSAmerican Spanish Dance TheaterAmerica’s SocietyBallet HispanicoBoys and Girls Harbor Boys Choir of HarlemCityKids FoundationCreative Alternatives of New YorkCreative Arts TeamEducational Equity ConceptsFree Arts for Abused ChildrenInside BroadwayInterSchool Orchestras of New YorkLar Lubovitch Dance Company

EDUCATIONCenter for Social & Emotional EducationChange For KidsClearpoolCommittee of Hispanic Children &

FamiliesCommunity District 2: Reading Recovery

ProgramCommunity ImpactCooper Union: Summer Internship

ProgramCoro FoundationEast Harlem Tutorial ProgramEverybody Wins!Gateway SchoolHarlem Center for EducationiMentorInner-City Scholarship FundJunior Achievement of New YorkKnowledge ProjectLearning LeadersLiteracy Partners

Mary McDowell Center for LearningMinds Matter of NYCMOUSE (Making Opportunities for

Upgrading Schools & Education)NOLS (The National Outdoor

Leadership School)New York City Act-SoNew York Presbyterian Hospital:

Reading ProgramNew York Public LibraryOutward Bound of New York CityPENCIL (Public Education Needs Civic

Involvement in Learning)Prep for PrepPride First CorporationRobin Hood FoundationSave the ChildrenSchool for the Physical CitySTRIVEStudent Sponsor PartnersTeach for AmericaTeak FellowshipPublicolor

HEALTH & NUTRITIONChildren’s Blood FoundationChildren’s Hope FoundationCitymeals-on-WheelsEugene Zitwer FoundationGod’s Love We DeliverLeukemia & Lymphoma SocietyMarch of Dimes Terence Cardinal Cooke Health

Care Center

HUMAN SERVICESAmerican Red CrossAssociation to Benefit ChildrenCamphill FoundationCARECareer GearChildren’s Aid SocietyCooke Center for Learning &

DevelopmentCovenant HouseGood Shepherd ServicesGrand Street SettlementGreenwich HouseHabitat for HumanityHELP USAHenry Street SettlementNational Urban LeagueProject ReturnResources for Children with Special

NeedsSalvation ArmyYAI: National Institute for People with

Disabilities

RECREATION & SPORTSAsphalt GreenCity Parks FoundationFiver FoundationFresh Air FundMorry’s CampProspect Park AllianceSpecial Olympics of New YorkTrail Blazers

YOUTH DEVELOPMENTAll-Stars ProjectBig Brothers Big SistersBoys and Girls Clubs of AmericaBoys Club of New York FIRSTFresh Youth InitiativesGirl Scout Council of Greater New YorkGlobal KidsJunior League of the City of New YorkNew York CaresPolice Athletic LeagueProject Reach YouthYMCA of Greater New York

U n i t e d S t a t e s – G r a n t s

New York City elementary school reading room

8

E u r o p e – G r a n t s

Most of CSFB’s grants in Europe are concentrated in London, the location of the Firm’s

largest European office. Examples of recent charitable grants and activities follow.

Shakespeare’s Globe – Globe Education works with students of all ages and abilities both

in the U.K. and internationally. Support from Credit Suisse First Boston has enabled

Globe Education to develop both the quality and the quantity of its work with children

studying at Key Stage 2.

In the past academic year, 11,695 students in 238 schools have participated in Key

Stage 2 workshops. Globe Education has been able to develop and implement an

intensive training and professional development program for its practitioners, creating a

team of Key Stage 2 specialists. This team not only works on a daily basis, leading

workshops, but also contributes to the development and delivery of Globe Education’s

continuing professional development program for teachers, distance learning projects and

work with students who have Special Education needs.

Support from Credit Suisse First Boston has also enabled Globe Education to offer

ChildsPlay workshops for 8-11 year olds during Saturday matinee performances in the

Globe Theatre.

In a workshop setting, the students were given an introduction to Shakespeare and his

works through a series of storytelling exercises and through an exploration of his

playhouse, the Globe Theatre. The workshops are led by one of Globe Education’s

acclaimed actor teachers who aim to provide, for many of the participants, their first

introduction to Shakespeare’s plays and his times. The students also visited the

Shakespeare’s Globe exhibition, which, with its technological and traditional interactive

elements, provides an even greater understanding of the Globe.

Three Knights of the Globe

Future Actors-in-Training at the Globe

9

Royal Academy Education Workshops – CSFB was the main sponsor of “The Genius of

Rome 1592-1623, Caravaggio, Annibale Carracci, Rubens” exhibition at The Royal

Academy in 2001. The Royal Academy ran educational workshops for six groups of

approximately 25 children. The children also tried their hand at still life sketches.

Robin Hood Gardens Estate and Mudchute Farm – CSFB has been involved with two

employee-volunteer activities in our local community this year. Both these initiatives were

carried out with Trees for London, a charity which is exclusively involved with helping local

communities improve their open spaces by the planting of trees, shrubs and plants.

The first expedition was to the Robin Hood Gardens Estate in January. Despite a cold

and frosty day, CSFB employees planted for about six hours. CSFB’s team and other

volunteers planted over 1,000 trees, plants and shrubs which turned a piece of rough

ground into a picture of color and life.

In the summer, CSFB produced a team of volunteers to do some clearing and planting of

new flowerbeds at Mudchute, which is a local community center and farm.

Habitat for Humanity – Over the last three years, volunteers from CSFB have helped build

homes in the London Borough of Southwark, not far from our London offices.

Founded in the U.S., Habitat has built over 100,000 houses worldwide. Southwark

Habitat for Humanity began in 1997 and has built homes for seven families. Habitat for

Humanity houses are built through volunteer labor (unskilled and skilled) and donated

money and materials. The houses are then sold to future homeowners at cost, with a

long-term, interest-free mortgage. The homeowners also put hundreds of hours of their

labor, called “sweat equity,” into the building process. Mortgage payments are deposited

into a “Fund for Humanity” that is used to build more houses for other families in need.

Originally, the CSFB volunteers gave their time on Saturdays. The team spirit from these

events was so positive a number of groups have included team building days at Habitat

in their recruiting or training programs. Recently, CSFB announced a Give-a-Day-to-

Charity Scheme through which London employees will be able to volunteer at the CSFB-

sponsored home on company time.

Building for Habitat for Humanity

On a coffee break working for Habitat

Planting at Mudchute Farm

C h a r i t y C o m m i t t e e E u r o p e

Jonathan Davie, Chairman

Paul Buckley

Isabel Doverty

Jon Grussing

James Leigh-Pemberton

David Mulford

Simon Prior-Palmer

Mark Seligman

Ashe Windham

10

E u r o p e – G r a n t s

ARTSRoyal Academy Education Workshops

Shakespeare’s Globe

EDUCATIONBetts Street Playgroup

Bromley Hall School

Chisenhale Primary School

East London Schools Fund

East-Side Educational Trust

Eleanor Smith School

Fair Play for Children

Finton House School

Help a London Child

KIDS

KIDS Company

Oxford House

Stephen Hawking School Trust

Trees for London

HEALTH & NUTRITIONCrisis FareShare

DEBRA (Dystrophic EpidermolysisBullosa Research)

Douglas House Hospice for Children

Down’s Syndrome Association

Evelina Children’s Hospital Appeal

Foundation for the Study of InfantDeaths

GOSH (Great Ormond Street Hospital)

Haven House Foundation

Little Haven Children’s Hospice

Macmillan Cancer Research

Multiple Sclerosis Society (Jazz Parade2000)

Queen Elizabeth Hospital

SPARKS (Sport Aiding MedicalResearch for Kids)

St. Bartholomew’s Hospital

Trinity Hospice

HUMAN SERVICESBarnardo’s

Business Action on Homelessness

Business in the Community

The Cedar Centre

Centrepoint

Child Victims of Crime

Childline

Children In Need

Citizens Advice Bureau

Comic Relief

Community Links

Company of Hackney Carriage Drivers

East London Business Alliance

Family Welfare Association

Habitat for Humanity

Isle of Dogs Community Foundation

London City Mission

National Homeless Alliance

NCH (National Children’s Home)

Neighbors in Poplar

Rainbow Trust Children’s Charity

Robin Hood Gardens Education andTraining Trust

SPLASH (South Poplar & LimehouseAction for Secure Housing)

St. Giles Trust

Tech4All

Tower Hamlets Mission

Workforce

RECREATION & SPORTSLondon Coaching Foundation

Mudchute Park & Farm

REMEDI

YOUTH DEVELOPMENTAston-Mansfield

Cryptics Youth Club

East London Small Business Centre

Funbus Funbook

Hope for Children

Limehouse Met Police for YouthDiversity Scheme

London Youth Clubs

London Youth Trust

Parents for Children

Poplar Hazard House

The Prince’s Trust

Raleigh International

Smart Change

Spitalfields City Farm

Wooden Spoon Society

A welcome change of pace from the training program for new employees

11

A s i a P a c i f i c – G r a n t s

As part of its philanthropic efforts in Asia, CSFB supports a variety of projects and

programs in a dozen countries. One of the principal projects recently has been support

for a number of rural school projects in China’s interior provinces. This effort began with

our first school refurbishment in 1999, but has grown into a theme for giving in China.

The projects are supported via a number of charities that are based in Hong Kong but

operate on the mainland, including the Caritas organization, the Hong Kong Christian

Council and Oxfam Hong Kong. In 2001, CSFB has committed to the complete

rebuilding of three schools: one in each of the southwestern provinces of Yunnan and

Guangxi, and one in the northwestern province of Shaanxi. The remote areas where

these schools are located are home to hard-working but impoverished communities. In

all cases, the school projects are undertaken with the full cooperation of the local

government at the village and district level. Because of the low costs in these areas, a

great deal can be achieved with relatively modest donations: the Oxfam project is being

undertaken on a budget of $26,000 (with matching funds from the local authorities) while

the other two are in the neighborhood of $20,000. For these amounts, entire schools

can be built that will help hundreds of children in these villages.

In June 2001, CSFB was one of a handful of corporate donors that made possible the

first visit by the ORBIS Flying Eye Hospital to Haikou, the main city on China’s Hainan

Island.

The three week Haikou program was conducted by a team of doctors, nurses,

anesthetists, and biomedical engineers from 13 different countries. 56 ophthalmologists

observed and assisted with surgery performed by volunteer surgeons from Canada,

Mexico, Germany, Italy and Argentina on board the ORBIS DC-10, as well as at Hainan

Provincial People’s Hospital. Participants also attended weekly evening lectures and

practiced corneal transplants and cataract removals in a special laboratory set up at the

airport.

In addition, six local nurses received intensive hands-on-training from the ORBIS nursing

staff, attending daily lectures and working in the DC-10’s operating room, substerile room

and recovery room. ORBIS anesthetists also shared their skills with two local

counterparts, while ORBIS biomedical engineers trained eight local technicians.

ORBIS aims to provide training and the transfer of sustainable skills tailored to the needs

of its partners. In Haikou, ORBIS screened 209 patients as potential candidates for

surgical teaching cases and conducted 47 surgical teaching cases on the DC-10 and 16

at Hainan Provincial People’s Hospital. Six laser operations were also conducted on the

airplane.

Former Mengdan primary school –People’s Republic of China

New Mengdan primary school –People’s Republic of China

12

A s i a P a c i f i c – G r a n t s

EDUCATIONChina School Reconstruction Project, Caritas Hong Kong,

People’s Republic of China

Developments in Literacy, Pakistan

Oxfam China Schools Program, Oxfam Hong Kong, People’sRepublic of China

Poinsetta Primary School, Hong Kong, People’s Republic ofChina

Rebuilding Collapsing Schools Project, Hong Kong ChristianCouncil, People’s Republic of China

HEALTH & NUTRITIONArdoch Youth Foundation, Australia

Make A Wish Foundation of Australia

ORBIS, People’s Republic of China

Starlight Children’s Foundation, Australia

Techotots, Australia

Variety Club’s Children Party, Australia

YOUTH DEVELOPMENTBackward Class Girl’s Hostel, India

Camp Quality, Australia

Care for Children, People’s Republic of China

Chiming Bell Children’s Home, Japan

CRY, India

Joomong Rehabilitation Centre, South Korea

Matilda Sedan Chair Race Charities Fund, Hong Kong

Mother’s Hope, India

Operation Santa Claus, Hong Kong

Pattaya Redemptorist, Thailand

Profession Sevens, Hong Kong

Project Hope, People’s Republic of China

Project K, New Zealand

Riding for the Disabled, Singapore

Save the Children, Hong Kong

Siam Reap Provincial Orphanage, Cambodia

SUPPORT (Society Undertaking Poor People’s Onus forRehabilitation), India

Wellington City Mission, New Zealand

YMCA International Charity Run, Japan

Youth Challenge, Australia

Three villagers in front of their new home in Orissa, India Houses built by Credit Suisse First Boston in partnership withCARE in Orissa, India

A s i a P a c i f i c P h i l a n t h r o p i c C o m m i t t e e

Stephen E. Stonefield, Chairman

Thomas Grimmer

Patrick P. Kerrigan

John Moore

Eoin F. O’Shea

Susumu Omori

Alan H. Smith

Andrew Porter

Bill R. Trotter

Eric M. Varvel

Pote P. Videt

Joyce Yim

13

M u s e u m s a n d O t h e r C u l t u r a l I n s t i t u t i o n s

American Ballet Theatre

American Museum of Natural History

Brooklyn Academy of Music

Brooklyn Children’s Museum

Brooklyn Museum of Art

Carnegie Hall

Central Park Conservancy

Children’s Museum of Manhattan

China Institute

Exploratorium

The Solomon R. Guggenheim Museum

Jewish Museum

Lincoln Center Consolidated

Corporate Fund

(including Chamber Music Society,

Lincoln Center for the Performing Arts

Lincoln Center Theatre

Metropolitan Opera

New York City Ballet

New York City Opera

New York Philharmonic)

Metropolitan Museum of Art and The Cloisters

Museum for African Art

Museum of the City of New York

Museum of Modern Art

The New York Botanical Garden

New York Public Library

San Francisco’s Museum ofModern Art

San Francisco Symphony

Studio Museum in Harlem

Swiss Institute

Tech Museum of Innovation ofSan Jose

Whitney Museum of American Art

Wildlife Conservation Society

Credit Suisse First Boston is committed to supporting the major cultural institutions in

New York City, the site of the Firm’s largest office in the United States. Through the

Foundation, we make grants to support a wide variety of activities including music,

theater, dance, museums, libraries and conservation sites. Our cultural roots reach

deep into the community in which we work and many of us live. The cultural

organizations we support often make available special benefits to our employees in

connection with admission and purchases of goods, thereby extending the benefit of the

Foundation’s cultural mission to the men and women of Credit Suisse First Boston.

The organizations we support are:

I I I . C S F B ’ S C U L T U R A L C O M M I T M E N T

14

I V. V O L U N T E E R P R O G R A M S

CSFB employees around the world are personally involved in a number of volunteer

activities ranging from hands-on efforts to board memberships – helping to make a

difference in the communities where we work and live.

Knowing that it is impossible to report on every individual act of kindness, these are just

recent snapshots highlighting a few programs where we have seen a dramatic increase

in employee involvement and a strengthened community presence. We have a very

special commitment to supporting volunteer efforts in the communities where we do

business. We intend to expand our volunteer efforts so that we can continue to help

more people live happier, healthier, and more productive lives.

YOUTH AND EDUCATION

Student Sponsor Partners involves nearly 75 CSFB employees who, through a

combination of financial and personal support, help students earn high school diplomas.

Each student accepted to the program is paired with a sponsor who agrees to develop a

relationship with the student and pay all, or a portion, of the student’s tuition throughout

their high school education.

Everybody Wins/Power Lunch is a lunchtime literacy and mentoring program matching

elementary school students and 60 CSFB employees who read on a weekly basis to the

children on their lunch hour at the Epiphany School and P.S. 116. One day a week

CSFB employees in New York City and students enjoy conversation and read a book

together.

School for the Physical City students receive weekly math and SAT preparation from

CSFB employees who tutor and teach several students in math, science, humanities and

computers at Eleven Madison Avenue.

Junior Achievement of New York sends volunteers to area schools to present hands-on

curriculum to grades K-12, one hour a week, for five-to-ten weeks, depending on the

program. Additionally, CSFB employees help raise funds for this organization by

participating in annual fundraising events such as Junior Achievement’s Bowl-A-Thon.

East Harlem Tutorial Program is an award-winning non-profit youth educational program

offering educational assistance to young people and their families in East Harlem. The

program has doubled its student base from last year, and CSFB employees provide “one-

on-one” tutors in a variety of areas – reading, math, science, computers and the creative

arts.

E m p l o y e e Vo l u n t e e r A c t i v i t i e s

CSFB Volunteer Fair 2001

Junior Achievement Bowl-A-Thon

“We make a living by what we get, we make a life by what we give.”

– Winston Churchill

School for the Physical City Study Hall

15

Henry Street Settlement – The Division of Youth Services emphasizes the importance of

academic excellence, while building the social skills, leadership qualities, and emotional

well-being necessary for personal and professional success. More than 2,000 children,

teens and adults participate in Henry Street’s programs every year. CSFB employees

tutor teens aged 14-18 after school, evenings and weekends, providing guidance and

support, especially regarding careers.

CSFB Career and College Series/Lectures for “At-Risk” Youth – This is an ongoing

program at CSFB designed to help young people stay in school by introducing them to

careers in various fields in investment banking. This workshop series utilizes various

CSFB departments to partner with organizations the Foundation supports. The Police

Athletic League and Human Resources, Henry Street Settlement and Information

Technology, and Publicolor and Audit are a few of the organizations and CSFB

departments that have formed partnerships and participated.

MENTORING PROGRAMS

Big Brothers Big Sisters Workplace Mentoring Program is a bi-monthly mentoring

program for students who are brought to CSFB for workplace activities from 3:30 p.m.

to 5:30 p.m. The program includes a certified social worker overseeing and facilitating

the program as well as one-to-one mentoring which includes trips to museums and other

outside events.

Good Shepherd Services is a social service agency that has a weekly mentoring program

involving CSFB employees who serve as role models and mentor high school girls in

foster care. Participation involves activities such as meeting with the youngsters at one

of the residential facilities, field trips, internships and job shadowing.

Development School For Youth is a program of The All-Stars Project monthly leadership

training and career education workshops. Designed to enhance leadership performance,

the multi-racial group attended weekly workshops at CSFB learning how to write a

résumé, speak in public and dress professionally.

Take Our Daughters to Work Day included nearly 200 CSFB daughters, 115 volunteers,

22 departments and 20 senior CSFB executive women serving as role models and

preparing the next generation for Wall Street. This event is the single largest effort

involving the most CSFB employees over the course of one day.

The Law Explorers Program enables high school students to learn about the legal

profession from members of the Legal & Compliance Department. Students participate

in interactive sessions in which they are taught skills, including negotiation, advocacy and

trial techniques. A number of these students participate in the Law Explorers’

competitive mock trial program. The Department holds monthly meetings to teach high

school students about the practice of law as a possible career choice.

Big Brothers Big Sisters

Take Our Daughters to Work Day

Good Shepherd girls and their mentors

16

Happy Valentine’s Day – TerenceCardinal Cooke Health Care Center

CSFB Volunteers Light the Night forLeukemia & Lymphoma Society

Friends are made at CSFB’sCounselor for a Day with Fresh AirFund

Urban Peace Academy in East Harlem pairs CSFB employees with junior and senior high

school students at Urban Peace Academy making the commitment to meet for four hours

a month outside of school.

iMentor matches young people from underserved communities with adult volunteers who

share career interests. CSFB mentors e-mail their protégés, meet in person from time-

to-time, and complete projects together on-line to help students learn about careers and

technology.

Sponsors for Educational Opportunities, Prep for Prep, I Have A Dream Foundation and

Good Shepherd Services have had inner city student interns working at CSFB during the

summer. These high school and college students work in all areas of CSFB.

HEALTH

March of Dimes Greater New York Chapter received more than $140,000 due to the

fundraising efforts of the CSFB Walk America Team, including nearly 25 employees who

walked and hundreds more who contributed to help us reach our longstanding

commitment to this group.

The AIDS Rides, The AIDS Vaccine Ride and AIDS Walk received more than $47,000

due to the fundraising efforts of a number of CSFB employees who raised money for

research, providing support and promoting awareness for AIDS.

Leukemia & Lymphoma Society received a combined total of over $25,000 and volunteer

support from CSFB employees who participated in their annual fundraising efforts

including “Team in Training”, “Man and Woman of the Year” and “Light the Night” by

obtaining sponsorship pledges to help improve the quality of life of patients and their

families.

New York Blood Center received hundreds of pints of blood for area hospitals from CSFB

employees who donated during our quarterly blood drives.

Terence Cardinal Cooke Health Care Center and The Jewish Home and Hospital received

over 400 Valentine’s Day cards and gifts from employees who took time to purchase and

send heartfelt wishes to senior citizens living in nursing homes.

American Heart Association’s Wall Street Run – Each year, a team of CSFB employees

participates in the annual Wall Street Run to support the American Heart Association in

their fight against heart disease and stroke.

17

Parkinson’s Unity Walk – CSFB employees teamed up for a two-mile loop around the

park to support a cure for Parkinson’s disease. Every dollar raised goes directly to

research to help find a cure.

Avon 3-Day Breast Cancer Walk – The walk takes place in several cities where CSFB

employees both live and work – Atlanta, Boston, Chicago, Los Angeles, New York, San

Francisco, Seattle and Washington, D.C. Employees organize teams and participate by

walking approximately 60 miles over three days to raise money and awareness for the

fight against breast cancer.

God’s Love We Deliver – CSFB employees prepare meals for people living with

HIV/AIDS. Volunteers work in a professional 4,000 square feet kitchen with a trained

chef chopping, cutting and preparing meals to be delivered to people living with this

illness.

Citymeals-on-Wheels – Each year, CSFB employees participate in the “Have-A-Heart”

fundraising campaign where employees donate a portion of their lunch to provide hot,

nutritious meals for homebound senior citizens. Additionally, throughout the year, CSFB

volunteers write letters to homebound residents to lift their spirits.

PROGRAMS FOR THE ELDERLY

While most of the Foundation’s efforts are dedicated to helping inner city youth, we also

support programs and communities outside our mission where CSFB employees are

personally involved. For this reason, we have developed special partnerships with elderly

residents living in nursing homes needing extra attention. The results have been

heartwarming, and include CSFB employees serving meals and visiting with senior

residents who have very few family and friends with whom to talk or celebrate a holiday

season. Two such examples are:

CSFB Corporate Cupids – CSFB employees brighten hundreds of senior citizens’ lives on

Valentine’s Day by purchasing or making special Valentine cards and including small gifts

such as teddy bears, chocolates and crossword puzzles. CSFB Corporate Cupids bring

smiles to residents living at The Jewish Home and Hospital, Terence Cardinal Cooke

Health Care Center and The Visiting Neighbors Program.

Elves for the Elderly – CSFB employees bring cheer during the holiday season to elderly

residents by purchasing gifts for nursing home residents. Becoming an “Elf for the

Elderly” is easy – CSFB employees choose to purchase something from one of the

resident’s wish list, then they wrap and attach their gift with a holiday card. The CSFB

Foundation makes the delivery to the nursing home in time for the holidays.

God’s Love We Deliver –Chefs for the Day

A CSFB Corporate Cupid gift

Elves for the Elderly – occasionallySanta shows up, too

18

Habitat Handyman

Painting hallways with Publicolor at aNew York City public school

COMMUNITY RESTORATION

Riverside Valley Community Garden/Jenny’s Garden received many new plants and

helping hands from the Information Technology Department who planted flowers to

expand and preserve more green space in New York City.

Habitat for Humanity New York produced “sweat equity” from hundreds of CSFB

employees who spent their time and weekends helping to build affordable apartments for

those who are less fortunate in Harlem, Brooklyn and the Bronx.

Stuyvesant Square Park was spruced up when several volunteers from CSFB helped

“mulch, edge, clean and green”, getting the Park ready for the summer months on New

York Cares Spring Clean-Up Day.

Madison Square Park – More than 35 employees and family members contributed to New

York City’s emotional and physical rebirth, by planting hundreds of daffodil bulbs in

Madison Square Park in memory of those lives lost on September 11th. Next spring,

these bulbs will bloom into “fields of gold” designed to lift the spirits of all New Yorkers

and visitors.

Publicolor – CSFB employees teamed up with Publicolor to help transform several inner

city public schools – Jackie Robinson, St. Augustine, Immaculate Conception and John

Jay High Schools. CSFB volunteers painted with students and discussed career and

education choices – giving everyone a golden opportunity to share and exchange in an

unforgettable and unique experience together.

Greenwich House – CSFB employees volunteered their time and energy at Greenwich

House, one of the country’s oldest and largest social service agencies. On the hottest

day of the summer, volunteers painted Greenwich House’s historic gymnasium, which

serves as a crucial recreation venue for the Greenwich House preschoolers and seniors,

all of whom come from economically disadvantaged backgrounds.

LaGuardia Center – Training Associates from IT participated in painting a nursery at

LaGuardia Center in Harlem. The volunteers split into teams and helped brighten the lives

of the children.

Audrey Johnson Day Care Center – Employees from Corporate Events painted a mural

at the Audrey Johnson Day Care Center in Brooklyn.

New York Cares – A team of employees participated in the 10th Annual New York Cares

Day by painting classroom murals and recreational areas at P.S. 142, The Amalia Castro

School, located downtown near the site of the World Trade Center disaster.

19

RECREATIONAL ACTIVITIES

New York Special Olympics Metro Tournament – Employees from CSFB participated in

the 13th Annual Special Olympics Metro Tournament in New York. The employees

helped escort and cheer on the athletes and distributed lunches to the participants and

coaches.

Fresh Air Fund’s CSFB Camp Counselor for the Day – A group of CSFB employees

spent a day at one of the Fresh Air Fund camps in Fishkill, New York. The day at camp

included meeting 9-12 year old campers who were spending a free, two-week summer

vacation in the country. The CSFB volunteers organized a special scavenger hunt and

decorated treasure boxes filled with items from the great outdoors.

Children’s Hope Foundation – CSFB volunteers spent a Saturday afternoon helping

Children’s Hope Foundation host their annual summer carnival at Columbia University.

Children’s Hope Foundation aims to improve the quality of life for children and their

families infected with HIV or AIDS. Volunteers managed carnival activities, such as

games, arts and crafts, food and prizes.

Rosie and Harry’s Place – A team from the Equity IT decorated t-shirts and made ice

cream sundaes with children living at this temporary homeless shelter.

BOARD MEMBERSHIPS

In addition to the volunteer activities described above, over 100 CSFB employees in the

United States serve on the Boards of Directors of community groups, foundations,

hospitals, social services agencies, educational institutions, disaster relief organizations,

arts councils and recreation groups.

Special Olympics team

Helping Hands – Durrance Elementary School

20

The CSFB Foundation is committed to providing opportunities for employees that meet

various work schedules and reflect employees’ areas of interest. Consequently, we work

with many of the business line department heads and develop specific volunteer activities

for their groups so our employees can continue to develop the spirit of teamwork in the

community.

INFORMATION TECHNOLOGY

Benjamin Banneker Academy in Brooklyn received a new computer lab thanks to the IT

Department whose volunteers donated their time and talents installing and configuring 26

new personal computers and training a part-time technician to run the program at the

school.

Good Shepherd Services – A team of volunteers from IT worked long hours and evenings

to make it possible for more than 100 girls and staff at several foster care group

residencies to have computer access to learn Internet, Word, Excel and basic software

programs. The computer lab will be used for education, SAT preparation, job search,

résumé writing and job readiness. IT volunteers offered technical guidance and support

for set up and configuration, wiring, cabling, installation and training. The computers are

fully operational, and housed in a work-like environment with new furniture.

Ronald McDonald House – Contributing technology skills does not always involve

installing computers, as a team of IT volunteers who set out to provide the Ronald

McDonald House of New York with a new website. Adopting the website as their

volunteer project involved redesigning the current site and training staff members on how

to maintain it.

New York Cares Garden Beautification Project – Nearly 30 volunteers from IT “seeded

up for a good cause” with New York Cares and helped to beautify New York City. The

volunteers spent the afternoon digging, planting, mulching, and watering at Jenny’s

Garden in Riverside Park at 142nd Street. Working together, they transformed a bare plot

of land into a beautiful flower and shrub garden in just a few hours.

High School of Economics and Finance – When the call came for technological

assistance to help one of the schools displaced by the World Trade Center tragedy, CSFB

IT volunteers stepped up to the challenge. The teachers and administrators at the High

School of Economics and Finance, which had been relocated from the site to another

high school on 33rd Street, found themselves with no computers and no way to return to

their internal networks or the Internet. IT volunteers provided services to bring the

students back on-line. A number of our vendors contributed equipment essential to the

project, including IBM, Hewlett Packard and Microsoft.

D e p a r t m e n t a l P a r t n e r s h i p s

Creating T-shirts at Rosie and Harry’sPlace – Equity IT

Learning the ropes at a CSFB tradingdesk

IT volunteers getting ready for a Luauat Terence Cardinal Cooke Health CareCenter

21

Career and College Series for At-Risk Youth – As part of the Foundation’s ongoing

commitment to provide young people with opportunities to build better lives, the CSFB

Foundation organized The Career and College Series for At-Risk Youth involving partner

non-profits and specific departments within the Firm. Volunteers from IT shared their

experiences and advice on career opportunities with young people participating in Henry

Street Settlement’s Jobs For Youth Apprenticeship Program. Following the

presentations, members from IT and other CSFB departments met with the young people

about job opportunities and discussed their future goals and aspirations.

Twilight Garden Club – During the summer, a group of IT volunteers spent early evenings

with senior citizens at Terence Cardinal Cooke Center. The group quickly became known

as the “Twilight Garden Club” because they decorated a small garden at the Center and

hosted a one-hour social for the elderly residents. Volunteers used their team-building

skills to transform an outdoor garden into a festive event.

CREDIT RISK MANAGEMENT DEPARTMENT

Employees from Credit Risk Management (“CRM”) showed their “tools of the trade” by

helping to build low-income housing at one of Habitat For Humanity’s site on East 170th

Street in the Bronx.

In partnership with CARE International, CRM employees from around the globe

participated by sending educational gifts or care packages to preschool children in Orissa,

India, an area devastated by floods last holiday season.

HUMAN RESOURCES AND CAMPUS RECRUITING DEPARTMENT

Volunteers from Human Resources (“HR”) sent hundreds of summer associates and

analysts into several inner city schools and community centers splashing bright colors and

hope across the walls, gyms and auditoriums.

HR partnered with the Foundation on one of the most popular CSFB events, Take Our

Daughters To Work Day. Several volunteers from HR served as role models and

participated as guest speakers.

HR volunteers also participated in our very first Career and College Services benefiting

young people at the Police Athletic League. They helped to create the mold for a future

series introducing young people to the business world and Wall Street.

Greenwich House – 40 CSFB Summer Associates volunteered their time at Greenwich

House, one of the country’s oldest and largest social service settlements. The Summer

Associates painted Greenwich House’s historic gymnasium, which serves as a crucial

recreation venue for the Greenwich House preschool and senior center. In addition, the

CSFB volunteers visited with the preschoolers.

CRM crew – Habitat for Humanity

Here’s looking at you, kid – Take OurDaughters to Work Day

Greenwich House Buddies

22

LEGAL & COMPLIANCE DEPARTMENT

The pro bono activities of members of Legal and Compliance, Americas are coordinated

by a Pro Bono Committee. The Committee looks for and distributes information about

pro bono opportunities; acts as a liaison between organizations that provide pro bono

opportunities and LCD; and maintains a database of the pro bono efforts of LCD –

Americas members.

LCD – Americas is a member of New York Lawyers for the Public Interest (“NYLPI”), a

non-profit organization that provides legal assistance to community-based organizations

and individuals through its own staff attorneys and through its member law firms and

corporate legal departments. A number of LCD members have participated in NYLPI

projects.

LCD – Americas has funded a fellowship through the NYLPI Lawyers that will enable a

lawyer to work for a year at NYLPI. She will research ways of reducing the barriers

linguistic minorities face in trying to access health care.

Working with the Scouts, LCD – Americas set up a Law Explorers Post at Credit Suisse

First Boston. The Department organizes monthly programs to teach high school students

about the practice of law as a possible career choice.

Examples of some of the individual pro bono projects in LCD are:

· Working on a case for a political refugee from Burma;

· Providing legal assistance to iMentor, an Internet-based children’s mentoring program;

· Helping the National Academy of Design with various corporate governance and other

matters. The NAD was founded in 1825 and includes an artists’ association, a

museum and a school of fine arts;

· Serving on a Housing Court case as a guardian ad litem;

· Participating in the Association of the Bar of the City of New York Elderlaw Clinic;

· Counseling indigent elderly people regarding wills, health, welfare, and benefits

issues;

· Representing an individual, convicted of murder, in his parole application before the

Mississippi Parole Board;

· Conducting research on historical preservation and landmarks law and zoning

regulations for the Massachusetts Historical Commission, and preparing a

memorandum on these subjects for a local planning board of a Massachusetts town;

and

· Serving as a volunteer prinicipal in the Principal for a Day program organized by

PENCIL.

LCD employees assisting studentsfrom School for the Physical City

Future “lawyer-in-training” at CSFB

LCD – Amer icas is

commit ted to prov id ing

pro bono serv ices to a

var iety of c l ients

ranging f rom cul tura l

inst i tut ions to

indiv iduals in court

cases.

23

Back to School supplies drive benefiting Teach for America and New York City’s most

disadvantaged schools. CSFB employees donated school supplies to help teachers in

more than 70 schools in Harlem, Washington Heights and the South Bronx. Several

departments pooled their money and their volunteer efforts, purchasing school supplies

as a team and class effort.

CSFB Coats Up for a Good Cause employees donated hundreds of gently-worn winter

coats to support men, women and children living at homeless shelters, as well as families

served by agencies and other community organizations helping less fortunate New

Yorkers make it through the winter season.

CSFB Suits Up for a Good Cause employees donated hundreds of interview-appropriate

clothing to support low-income women and men seeking employment in New York City.

Donated suits and interview-appropriate attire went directly to the non-profit

organizations, Dress for Success and Career Gear, which provide clothing to needy job

applicants.

CSFB Blood Drives – Credit Suisse First Boston is a strong supporter of donating blood.

CSFB employees donate thousands of pints of blood to support hospitals in the New York

region. In partnership with The New York Blood Center, the Foundation supports firm-

wide quarterly blood drives providing nearly 250 hospitals with blood donations from

CSFB employees.

CSFB At Home for the Holidays – Each holiday season, CSFB employees donate toys

and gifts for children and teenagers to be distributed among several charitable

organizations. CSFB employees have the gift of giving, playing “Secret Santa” by

answering and making thousands of holiday wishes come true for needy children

throughout the New York region.

Cell Phone Drive – CSFB employees donated hundreds of cellular phones to help victims

of domestic violence, senior citizens, the homebound and neighborhood watch groups.

Donated cell phones were reprogrammed to call emergency services directly, and

distributed to those New Yorkers who need help quickly.

MINI-GRANTS

As an incentive to promote volunteerism and support employees who volunteer on an

ongoing basis, the CSFB Foundation administers a mini-grant program. Employees who

serve as volunteers or board members can apply for an individual or team grant for their

qualifying not-for-profit organization. Employees can find more information about the

mini-grant program on the CSFB Intranet Page under Philanthropic Programs.

C o l l e c t i o n s a n d D r i v e s To B e n e f i tP a r t n e r N o n - P r o f i t s

CSFB Coats Up for a Good Cause

CSFB has a very special

commitment to making a

difference in the communities

where we work and live. If you

are interested in volunteering, or

would like the Foundation to

assist your business division or

department in organizing a

community service project, please

contact:

Betsy Davis

Vice President

Volunteer Programs and Services

CSFB Foundation

Eleven Madison Avenue, 9th Fl.

New York, New York 10010

(212) 325-1814 (Telephone)

(212) 325-6665 (Fax)

24

V. D I S A S T E R R E L I E F

Over the years, CSFB has responded to disasters around the world by providing disaster

relief funds and by administering employee giving campaigns to aid in those relief efforts.

Since 1989, CSFB has contributed over $7 million to humanitarian aid agencies including

the American Red Cross, the Pan American Development Foundation and CARE. In

addition, the CSFB Foundation established a partnership with the American Red Cross

Disaster Relief Fund in its efforts to prepare for disasters in the United States.

Examples of more recent efforts include:

· CSFB and its employees contributed more than $67,000 to CARE to help aid the

Kosovo relief efforts.

· CSFB and its employees contributed over $100,000 to the American Red Cross to

support the earthquake relief efforts in northwestern Turkey.

· CSFB and its employees contributed $55,000 to the Red Cross Taiwan Earthquake

Relief Fund.

· The CSFB Foundation established a partnership with CARE International. As

appropriate, CSFB contacts CARE and instructs them to allocate funds to aid in

disaster relief efforts globally. The first allocation aided in the relief efforts in Ethiopia,

where the effects of a three year drought have led to critical conditions throughout the

Horn of Africa. The second and third allocations aided in the relief efforts in India and

Bangladesh, where massive flooding caused destruction throughout those areas, and

in El Salvador, where the dengue fever epidemic took hold.

· CSFB’s Disaster Relief Program contributed to the New Life Medical and Educational

Trust to aid the Indian Village of Orissa to recover from a damaging cyclone.

· In the aftermath of September 11, 2001, the CSFB Foundation created a special fund

to provide financial assistance to the families of public service employees –

firefighters, police officers and medical workers – who were lost in the World Trade

Center tragedy. To date, CSFB has donated $5.125 million to The New York Police

and Fire Widows’ and Children’s Benefit Fund to help the families of public service

workers.

Townspeople in Orissa, India in front of their newly-built houses

CSFB has responded to

disasters around the

wor ld by prov id ing

disaster re l ief funds

and by organiz ing

employee volunteers to

aid in part icu lar re l ief

ef for ts .

25

Since September 11th, the CSFB Foundation coordinated the following volunteer efforts:

· Sent 200 volunteers to the Emergency Operations Center to assist the American Red

Cross in serving meals to the relief and rescue workers and organizing supplies.

· Sent another 150 volunteers to prepare meals at a restaurant downtown to feed relief

and recovery workers at Ground Zero. CSFB volunteers worked weekends for six

hour shifts totaling more than 900 hours of service.

· CSFB employees immediately responded to the American Red Cross’ request for

office supplies. During one lunch hour, our employees purchased and donated

hundreds of workplace supplies.

· Partnered our IT Department with the Spirit of New York/New Jersey Chef’s

preparing meals for the relief and rescue workers. Our IT Department donated and

installed a laptop computer, printer and fax to assist the chefs with their inventory and

tracking of food and supplies needed at Ground Zero.

· Linked our IT Department with MOUSE (Making Opportunities for Upgrading Schools

& Education). IBM and Hewlett Packard donated six computers and printers to the

School of Economics & Finance which was damaged by the tragedy. CSFB

volunteers donated their time to set up the computers and assisted teachers and

students in gaining access to the technology.

· Hosted lunch and donated conference space for Voluntary Organizations Active in

Disaster Relief (VOAD).

· Supported an Emergency “I Love New York Blood Drive” for those injured at the World

Trade Center.

Serving food at the site of the WorldTrade Center disaster

Heroes of our time

“Bear ing wi tness to the

intensi ty of the

emergency workers’

ef for ts , we were

reminded of the basic

goodness of humani ty. ”

CSFB Disaster Rel ief

Volunteer

“We regained a sense

of mot ivat ion and

focus whi le

volunteer ing. We were

al l gratefu l for the

chance to of fer a

help ing hand.”

CSFB Disaster Rel ief

Volunteer f rom

Department of Human

Resources

26

CSFB Perspectives showcases volunteers and their achievements. The individuals

featured here, along with many others, embody the qualities and values we strive to instill

at our Firm. And they represent the successes the Firm encourages. We asked each of

them to reflect on what volunteering means to them – and to share their experiences in

such a way as to inspire others to catch the spirit and become a volunteer.

With approximately 26,000 employees worldwide, CSFB is keenly aware of its

responsibilities to give something back to the communities where we work and live. We

believe that important skills such as teamwork, confidence, responsibility and problem-

solving should be nurtured and enhanced in the workplace. Our shared commitment to

the community dates back many years and today represents a key part of CSFB’s culture.

G.T. Sweeney – Managing Director, Chief Technology Officer

“I think that volunteering is part of social responsibility. These projects createsuch positive energy. It is not just about making the world that we live in abetter place, it is about learning something new – about myself; about otherpeople; about other lifestyles; about other cultures. I get so much more out ofthese projects than I give. They make me a better person. I cannot createworld peace, but I can do my share. Complaining about all of the bad thingsthat happen in the world doesn’t do much good. You cannot control whatothers will do, but you can control what you do. Random acts of kindness orbeing part of a team of diverse individuals who come together to do somethinggood – a team which might be predisposed to resent or misunderstand eachother but instead shares something positive – that we can do. It is amazingwhat you can do with a commitment of just one hour a week. It’s more amazinghow much energy that will breathe into all of the other things you do in your life.”

Under the leadership of G.T. Sweeney, the IT Department provided valuable services to

the community by contributing technology skills and equipment to organizations and by

bringing the power of technology to schools and partner organizations in New York City.

Additionally, their efforts went far beyond the classroom and computers. In partnership

with the CSFB Foundation, IT volunteers also participated in building homes for low-

income families with Habitat for Humanity, visited with senior citizens at Terence Cardinal

Cooke Health Care Center, presented information on careers in technology to inner city

youth through the Career and College Series, revitalized parks and painted schools

through New York Cares, and led fundraising efforts to benefit the Leukemia &

Lymphoma Society and Parkinson’s Disease. G.T. Sweeney also serves as a CSFB

student sponsor through Student Sponsor Partners, and has volunteered as a coach,

tutor and mentor for children through several New York City-based organizations.

V I . C S F B P E R S P E C T I V E S

Success

To laugh of ten and much;

To win the respect of

inte l l igent people

And af fect ion of

chi ldren; to earn the

Appreciat ion of honest

cr i t ics and

Endure the betrayal of

fa lse f r iends;

To appreciate beauty ; to

f ind the best

In others; to leave the

wor ld a b i t

Bet ter . . . Th is is to

have succeeded.

– Ralph Waldo Emerson

G.T. Sweeney offering technical adviceto students from Good ShepherdServices

27

Sandi mentoring a student from TheSchool for the Physical City

Nadine reading with student duringEverybody Wins–Power Lunch

Sandra E. Pederzini, Assistant Vice President, Legal & Compliance Department

“I volunteer because I have seen so many great kids who only need someoneto pay attention to them and make them feel special. All they want is to knowthat someone cares about them, their problems and their struggles. It can besomething as simple as helping them out with a math problem or as complex ashelping them to decide on which colleges are most appropriate. For me, it onlytakes an hour a week sometimes, but to the child it is so much more becausethey know they can count on someone to help them and listen to them andmake them feel special and important. It’s also a lot of fun to watch thestudents improve and progress from year-to-year. The students enjoy it somuch – that they’ve asked if they can bring their friends over to CSFB to studywith them. It’s amazing to experience how much you can give and also howmuch you receive from the time spent with a child.”

Sandi Pederzini has been tutoring students from The School for the Physical City for the

past three years. She makes it possible for approximately 25 students to come to the

offices weekly, and coordinates CSFB volunteers to tutor middle and high school students

in math, science, reading, humanities, spelling and SAT preparation. According to Sandi,

volunteering is a win-win situation – both the beneficiaries and the volunteers profit.

Sandi also mentors a young woman in foster care at Good Shepherd Services, and

participates as a student sponsor through the Student Sponsor Partners Program at

CSFB.

Nadine Triola, Vice President, Fixed Income

“I believe that it’s important to give back to the community especially since I feelso privileged and fortunate. Last year, my responsibilities at the Firm increasedtremendously, and it seemed my life was dedicated to work. During that time,I felt that something was missing. What am I doing? I had less time for friendsand family and certainly didn’t think I had time for volunteering. I decided I wasgoing to make it a priority to start getting involved in some of the volunteeropportunities available through the Foundation. One of the first projects Iparticipated in was the CSFB-New York Cares Coat Sorting Night, where ateam of us sorted through thousands of donated winter coats to help keep theneedy New Yorkers warm through the winter season. Once you catch thevolunteer spirit, it becomes contagious, and in each case, you become moreand more aware of how you can help make a difference in someone else’s life.I have built new relationships in the community, and feel this has helped balanceout my life. I can only hope that in some small way I can make a difference. Ithink it’s wonderful that volunteer opportunities are encouraged at CSFB,especially since the environment can be demanding at times.”

Nadine Triola, participating as a CSFB team member, has raised funds for the Leukemia

& Lymphoma Society through the Team-In-Training program; coordinated traders and

salespeople from Fixed Income to take part in the Firm’s annual Take Our Daughters to

Work Day and reads with an elementary school student weekly through Everybody

Wins–Power Lunch Reading Program.

28

V I I . G R A N T M A K I N G G U I D E L I N E S

C u r r e n t G r a n t M a k i n g G u i d e l i n e s

The CSFB Foundation supports organizations whose primary goals are education and

programs that benefit inner city youth. The Foundation makes grants to organizations

with capable leaders who have the ability to fulfill the goals outlined in the grant proposal.

The Foundation also values organizations that provide volunteer opportunities for CSFB

employees.

The Foundation’s Board of Trustees, who have the ultimate responsibility for making

grants, has grant making meetings each year in March and in September. The

Foundation receives more proposals than it can fund. Preference is given to proposals

consistent with the Foundation’s mission where a grant from the Foundation promises to

make a difference, seems likely to attract the support of other funders in subsequent

years, provides community volunteer opportunities for CSFB employees and offers the

greatest promise of a successful outcome. Much of the Foundation’s support is focused

on programs in New York City, but it also includes other cities in the U.S., as well as a

number of countries in Europe and Asia Pacific.

The Foundation accepts the New York Regional Association of Grantmakers (NYRAG),

New York/New Jersey Area Common Application Form. Grant applications should be

submitted no later than the 15th of February for spring/summer distributions and the

15th of August for fall/winter distributions. Please be sure to include all of the following

with your application:

· Current IRS documentation certifying that the applicant is tax-exempt under 501(c)(3)

of the Internal Revenue Code

· Names and affiliations of the Board of Directors

· List of current corporate and foundation supporters

· Audited Financial Statement (if available)

· Information about your organization and the specific project, if any

RESTRICTIONS

The Foundation does not generally support grants to individuals or scholarship programs,

nor does it generally provide support to medical research, religious, veteran, fraternal or

political programs. It generally does not make grants to support capital campaigns,

dinners or events, sponsorships, matching gifts or endowments.

Please do not send videotapes unless specifically requested.

Grant applications should be directed to:

Ms. Casey KarelExecutive DirectorCredit Suisse First Boston Foundation11 Madison AvenueNew York, NY 10010

“ . . . Thank you for

ass ist ing our students

to achieve thei r goals ,

rea l ize thei r dreams,

and prov ide hope for

the future of our

shared community. ”

Prep for Prep

“ . . . Your g i f t

prov ides resources to

help chi ldren in New

York gain a

fundamenta l

understanding of the

free enterpr ise system

and tools to create

opportuni t ies for thei r

future.”

Junior Achievement of

New York

Liza Bailey, Managing Director, Co-Head of Consumer Products Banking Group

Paul Calello, Managing Director, Head of Global Equity Derivatives, Convertibles andRisk Arbitrage; Member of the Executive Board

Gates Helms Hawn, Managing Director Senior Advisor

Grace Koo, Managing Director, Equity Derivatives and Convertibles Unit

Joseph T. McLaughlin, Managing Director Senior Advisor, Chairman of the Credit Suisse First Boston Foundation Trust

Elizabeth Millard, Director and Counsel, Legal & Compliance Department

Arthur U. Mbanefo, Managing Director, Head of Listed and OTC Equity DerivativesTrading Americas

Thomas R. Nides, Chief Administrative Officer; Member of the Executive Board

Robert O’Brien, Managing Director; Chief Credit Officer

David O’Leary, Managing Director, Global Head of Human Resources;Deputy Chairman of the Credit Suisse First Boston Foundation Trust

Douglas Paul, Vice Chairman, Fixed Income

Michael Schmertzler, Managing Director, Co-Head of U.S. and Canadian Private Equity

Richard E. Thornburgh, Vice Chairman of the Executive Board; Chief Financial Officer

Joseph T. McLaughlin, Chairman – (212) 325-4498

Ginny Coy, Administrative Assistant – (212) 325-4511

Casey Karel, Executive Director – (212) 325-4199

Betsy Davis, Volunteer Programs and Services Manager – (212) 325-1814

Tricia Lawrence-Savané, Grants Manager – (212) 325-4458

CSFB Foundation

Eleven Madison Avenue – 9th Floor

New York, NY 10010

(212) 325-6665 (fax)

(212) 325-2389 (recorded information)

Credit Suisse

Group’s Approach

to Philanthropy:

As part of the Swiss

business community, Credit

Suisse Group and its

business units take their

responsibilities to the wider

Swiss and international

community seriously. This

commitment manifests itself

in efforts to take an active

part in shaping the business

environment, within the

context of its business

activities to make an

appropriate contribution to

private organizations with

charitable, social, cultural,

and civic aims, to promote

educational and academic

activities which are of

particular interest to the

Company.

C S F B F O U N D A T I O N T R U S T E E S

29

V I I I . C O N C L U S I O N

As a significant part of Credit Suisse Group, Credit Suisse First Boston and its

philanthropic arm, the Credit Suisse First Boston Foundation, support organizations,

programs and cultural institutions in the major locations where we work and live. With

financial support and dedicated employee volunteers, the Firm strives to empower

constructive change and ensure the future by focusing primarily on programs and

education serving young people across the globe.

We strive to be a responsible corporate citizen in the communities where we work and

live. Our success is closely linked to the overall well-being of these communities and we

make our financial contributions as a reflection of our faith in, and long-term commitment

to, the greater community in which we operate.

Our employees are a critical part of our overall engagement in critical areas such as youth

development, education and human services. The volunteer efforts of dedicated women

and men at Credit Suisse First Boston reinforce our charitable commitment and give it a

greater impact – and a more human dimension.

CSFB Foundation Chairman and Staff From left to right, seated: Ginny Coy, Casey KarelStanding: Betsy Davis, Joseph McLaughlin, Tricia Lawrence-Savané