ABOUT US

We make connections that drive positive change through the power of cash deposits.

CDC Deposits Corp. is a purpose-driven company that proactively builds mutually-beneficial relationships between community banks, nonprofits, and partners to accelerate positive economic and social outcomes.

Through the operation of its U.S. cash deposits management network, CDC activates the power of portfolio cash on deposits.  This network of community banks with accounts structured to generate benefits to local nonprofits and partners, support positive economic and social outcomes. Through these structures, CDC supports more than 330 nonprofits that receive direct, proactive assistance from CDC and its affiliates.

 

Since 2003, CDC has securely managed billions of dollars of large cash deposits across hundreds of participating community banks and donated nearly $4 million to local charitable organizations. Currently, almost two hundred banks are active in the CDC cash management network, all committed to providing community investment loans and fosters community partnership development.

 

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IN EFFECT…

CDC securely and efficiently manages large cash deposits, in the process generating social benefits for communities and causes.

 

COMPANY HISTORY

CDC Deposits Corp. was founded May 1, 2003, with headquarters in Miami, Florida

The company name and corporate form was updated in 2017 to reflect the historic and ongoing focus on social capital creation. CDC has developed an affiliate network to increase the scale of impact of the organization through additional deposits and participation of community banks and nonprofits.

Today, CDC manages billions of dollars across a network of hundreds of FDIC-insured banks and financial institutions on behalf of partner banks, high net worth individuals, foundations, and institutions.  The company currently manages more than $1.5 billion in its cash deposit management network.

LEADERSHIP TEAM

President & CEO

William R. Burdette

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William Burdette is President of Charity Services Centers, P.A. (CSC), and CEO of Charity Deposits Corporation (CDC). Bill offers over 30 years of corporate finance and investment banking experience and previously owned and managed a regional broker-dealer firm. As the founder of CSC and CDC, Bill has been instrumental in product development, patent processing, legal structuring, computer automation, and government authorization. Bill developed the “charity affinity program”, the signature program of CSC, which links community banks with local charitable organizations. CSC now serves over 200 nonprofits and has four regional offices and eight satellite locations around the country. Bill also sits on the Board of Directors of Learning 1 to 1 Foundation. Bill received a bachelor’s degree from Northwestern University, Evanston, Illinois (B.A., 1969), a law degree from Columbia Law School, and an MBA from the University of Miami.

Senior Advisor

Alexandra Esher

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Alex has over 25 years of financial management experience, including Vice President and Business Manager of a telecommunications company. Alex is President of Charity Deposits Corporation and has been with the company since 2005. She has been instrumental in catalyzing CDC’s growth through financial management and operational and administrative oversight. Alex is also the Vice President of Charity Services Centers, P.A. and responsible for managing bank relations and facilitating meaningful connections between banks and nonprofits. She advises many nonprofits on their programs and enjoys being a resource for them.

Chief Technical Officer

Gaspar Ferreiro

Vice President, NE Region

Jay Stillman

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Jay has over 15 years of experience in developing financial service company’s sales and marketing efforts. He has worked with various types of banks, investment companies, and third party delivers of investment products. Recently he has been helping banks grow their community based relationships to solidify their core business model. This includes working with non-profits and investors to grow new and existing accounts. Jay graduated from Pace University with a Bachelor of Business Administration degree in Management.

System Architect

Samuel Segui

BOARD OF DIRECTORS

Chairman & Secretary

William R. Burdette

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William Burdette is President of Charity Services Centers, P.A. (CSC), and CEO of Charity Deposits Corporation (CDC). Bill offers over 30 years of corporate finance and investment banking experience and previously owned and managed a regional broker-dealer firm. As the founder of CSC and CDC, Bill has been instrumental in product development, patent processing, legal structuring, computer automation, and government authorization. Bill developed the “charity affinity program”, the signature program of CSC, which links community banks with local charitable organizations. CSC now serves over 200 nonprofits and has four regional offices and eight satellite locations around the country. Bill also sits on the Board of Directors of Learning 1 to 1 Foundation. Bill received a bachelor’s degree from Northwestern University, Evanston, Illinois (B.A., 1969), a law degree from Columbia Law School, and an MBA from the University of Miami.

Director

Alexandra Esher

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Alex has over 25 years of financial management experience, including Vice President and Business Manager of a telecommunications company. Alex is President of Charity Deposits Corporation and has been with the company since 2005. She has been instrumental in catalyzing CDC’s growth through financial management and operational and administrative oversight. Alex is also the Vice President of Charity Services Centers, P.A. and responsible for managing bank relations and facilitating meaningful connections between banks and nonprofits. She advises many nonprofits on their programs and enjoys being a resource for them.

Director

Julius Jackson

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Mr. Jackson has been President of People Helping Each Other, Inc., since May 2010. He has been the Company’s key business development person. Mr. Jackson became an activist in 1964 as a 17-year-old, marching with Dr. King in Saint Augustine, Florida. As an activist with vision, Mr. Jackson has parlayed the benefits of a non-profit enterprise with the free market philosophy of a for-profit business. His activism led to his co-founding Ryan Millennium Group Inc., in November of 2014. Ryan Millennium Group, Inc., has multi-racial ownership and was created to bring about racial harmony in North America and Africa through multiple economic strategies. The histories of Millennium Group Worldwide, Inc. and Ryan Inc. was perceived by their owners to be a perfect match for the task, and thus, Ryan Millennium Group, Inc., was formed. Most recently, Mr. Jackson encouraged a group of like-minded individuals to establish a new business, Social Investment Holdings, Inc., to capitalize on one of the newest tools for helping small businesses from the Securities and Exchange Commission, Regulation A.

AFFILIATES

A law firm that is committed to solving community social challenges by bringing banks and nonprofits together, CSC is CDC’s direct financial conduit to hundreds of nonprofits and charitable causes across the U.S.

A co-working environment and national hands-on support for mission-driven leaders and organizations, C4SC is CDC’s arm for providing nonprofits and social entrepreneurs a community in which to work, connect, innovate, and learn.

Offering a service that makes it easier for banks to identify and qualify nonprofits that meet banks’ specific Community Reinvestment Act (CRA) and impact criteria, findCRA is supported by CDC to foster the connection between banks and the impactful organizations in the communities they serve.

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