The donation aims to support the long-term
financial health of America's youth
ROCHESTER, N.Y., May 17, 2023
/PRNewswire/ -- Paychex, Inc., a leading provider of integrated
human capital management software solutions for human resources,
payroll, benefits, and insurance services, today announced that
Junior Achievement USA®, the nation's largest
organization dedicated to providing young people the knowledge and
skills they need for economic success, will receive a $1 million grant from the Paychex Charitable
Foundation. The grant, which allocates $250,000 annually over four years, will support
the long-term financial health of America's youth in key markets
where Paychex has a high concentration of employees.
This is the third major gift given under the Paychex Charitable
Foundation's strategic giving framework focused on well-being,
addressing mental health, physical health, financial health, and
professional skills development. This gift to Junior Achievement
will benefit the financial health focus area. Paychex announced
similar grants to Mental Health America and Feeding America earlier
in 2023 to support emotional and physical well-being,
respectively.
"As one of the country's leading providers of HR, payroll,
benefits, and insurance solutions, Paychex has a unique view of the
financial challenges American workers face and the critical role
that strong financial literacy plays as young Americans join the
workforce," said John Gibson,
Paychex president and CEO. "This insight underlies our belief that
successful local economies start with vibrant communities—and
financial health is the foundation of that mission. Our ongoing
support of Junior Achievement will help ensure that the next
generation of workers has the knowledge and skills for economic
success."
With more than 100 local affiliates across the U.S., Junior
Achievement reaches more than three million students per year in
approximately 127 thousand classrooms and after-school locations
with core program content focused on work readiness,
entrepreneurship, and financial literacy.
"We at Junior Achievement know that for many young people,
financial literacy education in school is an essential part of
experiencing financial health later in life," said Jack E. Kosakowski, President & CEO of
Junior Achievement USA. "We
greatly appreciate Paychex's investment and partnership in ensuring
more young people have access to the information they need to
benefit themselves, their families, and ultimately their
communities."
In addition to this financial gift from the Paychex Charitable
Foundation, Paychex will be seeking opportunities to engage its
16,000 employees as a volunteer network to help advance Junior
Achievement's mission of supporting the long-term financial health
of American youth. The markets that will receive funding through
this gift are: Albuquerque, N.M.;
Allentown, Pa.; Baton Rouge, La.; Chicago, Ill.; Pasadena, Calif.; Phoenix, Ariz.; Rochester, N.Y.; San
Diego, Calif.; St. Petersburg,
Fla.; Tampa, Fla. and
West Palm Beach, Fla.
To learn more about the Paychex Charitable Foundation, visit the
foundation's website.
About Paychex
Paychex, Inc. (Nasdaq: PAYX) is a
leading provider of integrated human capital management solutions
for human resources, payroll, benefits, and insurance services. By
combining innovative software-as-a-service technology and mobility
platform with dedicated, personal service, Paychex empowers
business owners to focus on the growth and management of their
business. Backed by 50 years of industry expertise, Paychex serves
more than 730,000 payroll clients as of May
31, 2022, in the U.S. and Europe, and pays one out of every 12 American
private sector employees. Learn more about Paychex by visiting
www.paychex.com and stay connected on Twitter and LinkedIn.
About Junior Achievement USA®
Junior Achievement is the world's largest organization dedicated to
giving young people the knowledge and skills they need to own their
economic success, plan for their future, and make smart academic
and economic choices. JA programs are delivered by corporate and
community volunteers and provide relevant, hands-on experiences
that give students from kindergarten through high school knowledge
and skills in financial literacy, work readiness, and
entrepreneurship. Today, JA reaches more than 3.3 million students
per year in 102 markets across the United
States as part of 12.5 million students served by operations
in more than 100 other countries worldwide. Junior Achievement
USA is a member of JA Worldwide.
For more information, visit www.ja.org.
Media Contacts:
Chelsea Wernick
Public Relations Program Manager II
Office: (585) 216-2974
cwernick@paychex.com
@Paychex
Ed Grocholski
Junior Achievement USA
719-540-6165
ed.grocholski@ja.org
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SOURCE Paychex, Inc.
