Piper Jaffray Enters Philanthropic Partnership with Youth, I.N.C. to Support 4th Annual Trading Day for Kids
September 28 2009 - 8:00AM
PR Newswire (US)
MINNEAPOLIS and NEW YORK, Sept. 28 /PRNewswire/ -- Piper Jaffray
(NYSE: PJC), a leading, international middle market investment bank
and institutional securities firm, and Youth, I.N.C. (Improving
Nonprofits for Children), a nonprofit organization that improves
the lives of New York City youth, announced today a philanthropic
collaboration that will occur on October 21 with Youth, I.N.C.'s
fourth annual Trading Day for Kids. On Wednesday, October 21, Piper
Jaffray will donate to Youth, I.N.C. 100 percent of designated
commissions on equity trades made through Piper Jaffray.
Institutional investors can support Youth, I.N.C. through this
initiative by directing all equity trading activities to Trading
Day for Kids sponsor Piper Jaffray on Wednesday, October 21 and
designating Youth, I.N.C. as the beneficiary of the commissions
("say" it is for Youth, I.N.C. or "tag" your electronic trade).
"Piper Jaffray is proud to collaborate with Youth, I.N.C. on this
unique initiative that raises necessary funds for a number of
worthwhile youth-serving organizations across New York City," said
Thomas Schnettler, president and chief operating officer of Piper
Jaffray. "Our firm has a strong commitment to philanthropy, and our
employees are excited to serve as the partner sponsor for the 2009
Trading Day for Kids. We look forward to working with Youth, I.N.C.
in support of this great cause on October 21." Youth I.N.C. assists
a network of grassroots, youth-serving nonprofit organizations
throughout New York City by employing a unique venture philanthropy
model to empower, develop and educate its partner nonprofits.
"Youth, I.N.C. has been able to provide capacity-building services
for more than 80 nonprofit organizations over the past 15 years, an
achievement that we attribute to the enormous generosity of
organizations such as Piper Jaffray," said Steve Orr, executive
director of Youth, I.N.C. "We are thrilled to partner with Piper
Jaffray and its employees for our fourth annual Trading Day for
Kids. The funds raised through designated commissions on this
single day will help to impact the lives of more than 45,000 youth
throughout New York City, and we hope to reach $1,000,000 on this
day through the efforts of Piper Jaffray." Piper Jaffray will be
sponsoring a series of events with Youth, I.N.C. leading up to
Trading Day for Kids on October 21: -- Youth, I.N.C. and Piper
Jaffray will be hosting the third annual State of the Market
conference on Tuesday, September 29. This exclusive event will
feature timely insight on investment opportunities from a panel of
esteemed hedge fund industry leaders and other institutional
investors. Conference panelists include: Rodgin Cohen, Sullivan
& Cromwell, Bryan Marsal, Alvarez & Marsal, Michael
Novogratz, Fortress Investment Group, and Bruce Richards, Marathon
Asset Management. For more information, please visit the event Web
site at http://www.stateofthemarket.org/. -- On October 8, Piper
Jaffray will also host a number of high-school students from Youth,
I.N.C.'s partner nonprofit organization, The DOME Project, Inc.,
who have been selected to participate in a mentoring day program.
The students, from Brandeis High School in New York City, will
spend time with Piper Jaffray executives to learn about the
financial services industry and the firm's day-to-day business
activities. The DOME Project, Inc. assists young people who are
economically, socially and academically challenged to focus on
their education as a means to success. For more information about
participating in Trading Day for Kids, please visit
http://www.youthinc-usa.org/trading_day_2009.php About Piper
Jaffray: Piper Jaffray Companies (NYSE:PJC) is a leading,
international middle market investment bank and institutional
securities firm, serving the needs of middle market corporations,
private equity groups, public entities, nonprofit clients and
institutional investors. Founded in 1895, Piper Jaffray provides a
comprehensive set of products and services, including equity and
debt capital markets products; public finance services; mergers and
acquisitions advisory services; structured products; institutional
equity and fixed-income sales and trading; and equity research.
Piper Jaffray headquarters are located in Minneapolis, Minnesota,
with offices across the U.S. and in London, Hong Kong and Shanghai.
Piper Jaffray & Co. is the firm's principal operating
subsidiary. (http://www.piperjaffray.com/) About Youth, I.N.C.:
Youth, I.N.C. was founded in 1995 by former Goldman Sachs
investment banker Steve Orr, who recognized that many nonprofit
organizations struggled to connect with powerful networks and
maximize the funding sources needed to fulfill their missions.
Youth, I.N.C. has empowered over 80 nonprofits, enabling them to
raise more than $11.5 million for their youth programs and touch
the lives of more than 540,000 youth. Youth, I.N.C. has also placed
more than 95 corporate professionals with nonprofits as board
members, advisors, and high-impact volunteers. For more information
on Youth, I.N.C., please visit http://www.youthinc-usa.org/.
DATASOURCE: Youth, I.N.C. CONTACT: Irma Gomez-Dib, +1-212-850-5761,
; or Nicole Madison, +1-212-850-5647, Web Site:
http://www.youthinc-usa.org/
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