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March Of Dimes Follows Layoffs With Sale Of National HQ In White Plains

Stacey Stewart, president of the March of Dimes.
Stacey Stewart, president of the March of Dimes. Photo Credit: March of Dimes

Less than two months after laying off 100 employees, the March of Dimes announced Friday that it plans to sell its national headquarters on Mamaroneck Avenue in White Plains.

Michele Kling, director of media relations for the organization, announced the sale in an email, but did not elaborate on the details, said lohud.com.

The well-known nationwide non-profit, which has been at the White Plains location for more than 30 years, told Daily Voice in May that it was working to "transform into a modern and sustainable organization that will be around for at least the next 80 years."

As of late Friday, the building had not been listed locally on any real estate sites.

The company said in May the layoffs would allow the organization to maximize its mission and revenue opportunities, while at the same time reduce operational expenses to create a more efficient workforce structure.

Founded in 1938 by President Franklin Roosevelt, the nonprofit organization's mission is to prevent birth defects, premature birth, and infant mortality.

Nationwide, the organization had 1,583 employees, according to a 2015 1099 Form filed with the Internal Revenue Service.

The sale may be a sign of the non-profits mounting financial problems. In 2016, they reported a negative fund balance of nearly $13 million on Form 990 filed with the IRS, said lohud.com.

Kling, the spokeswoman, said many of the non-profit's employees had transitioned to work from home and "have embraced a virtual working model," reported lohud.com.

In May, Stacey Stewart, president of the March of Dimes, said the company had invested significant time and attention during the reorganization: "The March of Dimes is firmly committed to our mission – working to give every baby a fighting chance and the healthiest start in life," " she said. "As the national leader for the health of moms and babies, March of Dimes must continue to adapt and transform in a more agile and modern organization.

"While difficult, we are confident that the recent changes to our operations and workforce will enable us to raise greater awareness of our mission while increasing our investments in innovative research, NICU support programs, pregnancy education efforts and community health partnerships that benefit moms and babies across the United States.”

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