Social impact

United Way of Greater Los Angeles
While Los Angeles is often associated with the glamour and glitz of Beverly Hills and Hollywood, this image hides one of the largest economic gaps in the country. Nearly 45% of Los Angeles households earn below 80% of area median income and nearly 35% lie below 200% of the federal poverty level. Faced with this reality, Bain Los Angeles teamed up with the United Way of Greater Los Angeles (UWGLA) in an effort to "Bridge the Gap" by developing a strategy and implementation plan for a major Individual Development Account (IDA) matched savings strategy that helps the working poor save for appreciating assets. The final strategy brings together non-profits, business, and the government to build a brighter future for 8,500 low-income households in L.A. County and provides a model for how to extend the benefits of IDAs through a large-scale U.S. system.

ExED is a non-profit organization dedicated to improving the state of education in Los Angeles County by helping charter schools succeed. The Bain/ExED project focused on understanding the challenges facing high school education in Los Angeles and developing a strategy for ExED to have maximum impact on the community. By blending Bain toolkits and thought leadership with extensive expert interviews across the education and charter school space, Bain and ExED were able to build a business plan for a cutting edge concept within non-profits: creating a charter high school network, complete with funding requirements, donor targets, a mission plan, timing, and goals.

In addition to creating success stories for our clients, the Los Angeles office has become an active contributor to the local community through regular pro bono work and office-wide volunteering. LA's BEST, one of our non-profit partners, is a nationally recognized after school program for socio-economically at-risk children. It provides opportunities for kids to learn and interact in a safe, structured after school environment. According to Carla Sanger, President and CEO of LA's Best, "Russ Hagey and the visionaries of Bain & Company helped to create a growth blueprint that worked." As a result, the program has increased the number of schools served from 24 to 69, covering some 12,000 elementary school children in LA. Members of the Los Angeles office spend time with LA's BEST kids each month through an office-wide volunteering program. As Los Angeles Mayor Richard Riordan maintains, "Bain has been a vital partner in ensuring the success of LA's Best."

Los Angeles Museum of Contemporary Art
The Los Angeles Museum of Contemporary Art (MOCA) is an important part of Southern California's fine arts community. According to Jeremy Strick, MOCA Director, "Bain's relationship with the museum has helped us to progress through a period of change while mapping out our future. With Bain's guidance, we have been able to increase our donor giving, thereby helping us expand in numerous ways." Developing a structured strategic planning process was central to the effort at MOCA.

Community Impact Day
Finally, Community Impact Day is an annual event at Bain Los Angeles. Each summer, we spend an entire day volunteering for a local non-profit organization. In the past we have joined forces with LA's BEST, Habitat for Humanity, Los Angeles Conservation Corps, and Hope for Kids.