New York, USA
New retail share class of BNY Dreyfus Government Cash Management fund enables eligible investors to support nonprofit organizations while managing cash
BNY (NYSE: BNY), a global financial services company, today announced the launch of SPARK℠ Future (SPFXX), a new retail share class of the BNY Dreyfus Government Cash Management fund designed to help eligible investors align their liquidity needs with their philanthropic goals.
Available to eligible investors purchasing through a financial intermediary, SPARK℠ Future gives retail investors access to the SPARK program, which has historically been available to institutional investors. Through the share class, 10 percent of net revenue annually will be donated to an eligible nonprofit organization selected by the investor, based on each client’s average balance.
“SPARK shares transform everyday cash into a powerful force for both performance and purpose,” said Stephanie Pierce, Deputy Head of BNY Investments. “By combining competitive yield with measurable community impact, this innovative share class gives advisors a compelling new way to help clients put their liquidity to work, delivering value in their portfolios and in the places that matter most to them.”
BNY Dreyfus Government Cash Management is the flagship government money market fund of BNY Investments Dreyfus. The fund has more than $150 billion in assets and more than 30 years of operating history, reflecting BNY Investments Dreyfus’ long-standing position in liquidity management.
A broad range of eligible 501(c)(3) nonprofit organizations may qualify to receive donations through the program, including organizations focused on arts and culture, community development, education, environmental causes, and health and human services.
The launch of SPARK℠ Future reflects BNY’s continued focus on using its platforms, investment capabilities and market reach to support clients while contributing to positive community outcomes.
For more information on SPARK℠ Future, visit https://www.dreyfus.com/products/the-spark-shares.html.
About BNY
BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years, BNY has partnered with clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today, BNY serves more than 90% of Fortune 100 companies and nearly all of the top 100 banks globally. BNY supports governments in funding local projects and works with more than 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of March 31, 2026, BNY oversees $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available at www.bny.com. Follow BNY on LinkedIn or visit the BNY Newsroom for the latest company news.
BNY Investments is the brand name for the investment management business of BNY and its investment firm affiliates worldwide.
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