NEW YORK – 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 that offers eligible investors, purchasing through a financial intermediary, an opportunity to fulfill their own philanthropic goals as well as their core liquidity needs. With SPARK℠ Future shares, BNY is opening the door for retail investors to create meaningful impact through the SPARK program — an opportunity that institutional investors have long enjoyed. This is a significant step forward, allowing retail investors to align their financial strategies with their desire to make a difference.
SPARK℠ Future shares will donate 10 percent of net revenue1 annually to an eligible non-profit of the investor’s choosing, 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.”
With more than $150 billion in assets and more than 30 years in operation, BNY Dreyfus Government Cash Management is the flagship government money fund of BNY Investments Dreyfus, one of the industry’s largest, most trusted liquidity managers.
A wide range of eligible 501(c)(3) non-profits qualify for a donation, from local community groups to large foundations and networks, spanning arts and culture, community development, education, environmental causes, and health and human services.
The launch of SPARK℠ Future shares reflects BNY’s ongoing commitment to leveraging its global platforms and capabilities to drive positive change in local communities.
For more information on SPARK℠ Future, please visit https://www.dreyfus.com/products/the-spark-shares.html.
Media Contact:
Rebecca Vignali
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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 alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 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: BK). 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 on www.bny.com. Follow 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.
Investors should consider the investment objectives, risks, charges, and expenses of a money market fund carefully before investing. To obtain a prospectus, or summary prospectus, if available, that contains this and other information about the fund visit www.dreyfus.com. Investors should read the prospectus carefully before investing.
You could lose money by investing in the 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 a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.
Although the Fund's board has no current intention to impose a fee upon the sale of shares, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.
BNY Investments Dreyfus (Dreyfus) is a division of Mellon Investments Corporation (MIC), a registered investment adviser and subsidiary of The Bank of New York Mellon Corporation (BNY). Securities are offered by BNY Mellon Securities Corporation (BNYSC), a registered broker-dealer and affiliate of MIC.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security.
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1 The Donation will be based on an amount representing 10% of BNY Mellon Investment Adviser, Inc.’s net revenue attributable to the fund’s SPARK shares. “Net revenue” represents the management fee paid by the fund to BNY Mellon Investment Adviser, Inc. after any fee waivers and/or expense reimbursements by BNY Mellon Investment Adviser, Inc. with respect to SPARK shares, and will be paid from BNY Mellon Investment Adviser, Inc.’s own past profits.