Today’s investors are increasingly seeking more than just financial returns. The BOLD℠ share class, which stands for Black Opportunity for Learning and Development, allows clients to make a direct social impact with their liquidity investment.

Available exclusively through BNY Mellon, the new share class is offered on our flagship Dreyfus Government Cash Management fund. As an extension of our largest fund in the liquidity space, the BOLD℠ shares include a charitable contribution to Howard University, a leading Historically Black College and University (HBCU).1

The BOLD℠ shares support Howard University’s Graduation Retention Access to Continued Excellence (GRACE) Grant by making an annual donation to help remove financial obligations and improve graduation rates for students.

Investors can make a significant impact with their cash investments and support Howard University, one of the most distinguished universities in the country. Partnering with Howard University to help empower the next generation of leaders is an honor. This initiative is just the first step in a long journey with Howard and their graduates.

John Tobin
Chief Investment Officer, Dreyfus


Howard University’s GRACE Grant helps enable students with the highest need to remain on track for graduation. Since its inception, GRACE recipients saw an average 15% increase in retention and an average four-year graduation rate of 78%, a 32% increase compared to students in the same financial category who did not receive GRACE funds.2


We believe social responsibility is more than representation in board rooms. This initiative is part of BNY Mellon’s commitment to diversity, equity and inclusion and is the next step in our efforts to drive meaningful change at our firm, in our communities and across the industry at large.

Dreyfus Government Cash Management’s BOLDSM shares are offered exclusively through BNY Mellon.
Please contact your sales representative for additional information.


1The Higher Education Act of 1965, as amended, defines an HBCU as: "...any historically black college or university that was established prior to 1964, whose principal mission was, and is, the education of black Americans, and that is accredited by a nationally recognized accrediting agency or association determined by the Secretary [of Education] to be a reliable authority as to the quality of training offered or is, according to such an agency or association, making reasonable progress toward accreditation."

2Source: Howard University as of the 2021-2022 academic year.

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You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Although the fund's board has no current intention to impose a fee upon the sale of shares or temporarily suspend redemptions if the fund's liquidity falls below certain levels, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.

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