Piper Jaffray Awards More Than $1 Million to Support Community Initiatives
25 July 2007 - 10:00PM
PR Newswire (US)
MINNEAPOLIS, July 25 /PRNewswire-FirstCall/ -- Piper Jaffray
Companies today announced the funding of more than 50 nonprofit
organizations across its geographic regions for a total of
$1,038,000. Continuing the firm's extensive history of community
leadership and annual contribution of 5 percent of pre-tax
earnings, Piper Jaffray will support community sustainability in
the areas of community investment in small business programs,
economic education, civic engagement, and developing youth in math
and science. The firm also continues to support arts and cultural
organizations through sponsorships. "Piper Jaffray is committed to
our communities and building vital and sustainable programs that
enhance quality of life, especially for future generations and
those at risk," said Andrew Duff, chairman and CEO of Piper
Jaffray. "We are very excited to join with these organizations to
make our communities stronger." Community development grants
include $20,000 to Goodwill Easter Seals to support entrepreneur
business training at Midtown Global Market in the Phillips
neighborhood of Minneapolis as well as $15,000 to the Minneapolis
Consortium of Community Developers for a micro-lending program to
small businesses. Economic education grants include $20,000 to Best
Prep to support e-mentoring and to Minnesota Business Ventures
programs focused on low-income participants. "Piper Jaffray is a
key partner in connecting the business community to our students,"
said Bob Kaitz, president and CEO of Best Prep. "The firm plays a
valuable role in supporting our mission to help Minnesota's
elementary and high schools students prepare for the economic
challenges of the future." Piper Jaffray also awarded $10,000 to
Phillips Community Television, supporting a youth curriculum that
includes video documentation, Web-site production training and
other technology training to help Phillips-area youth engage in
civic life. Piper Jaffray also awarded a total of $325,000 in
capital grants in the Twin Cities, including gifts to the Minnesota
Zoo and the Landmark Center in Saint Paul. For a complete list of
2007 Piper Jaffray contributions, visit
http://www.piperjaffray.com/community. As a member of the Minnesota
Keystone Program, Piper Jaffray commits 5 percent of pre-tax
earnings to nonprofit organizations through gifts of cash, in-kind
contributions and volunteer hours. About Piper Jaffray Philanthropy
For more than 25 years, Piper Jaffray and the Piper Jaffray
Foundation have allocated 5-percent of pre-tax earnings to the
community. Piper Jaffray was founded on a premise of partnership
and opportunity. Through the areas of community investment,
economic education and youth leadership, the firm's foundation and
corporate giving focus has supported community opportunity and
sustainability. In 2006, the firm's giving totaled more than $3
million. About Piper Jaffray Piper Jaffray Companies 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; high-yield and structured products;
institutional equity and fixed-income sales and trading; and equity
and high-yield research. With headquarters in Minneapolis, Piper
Jaffray has 25 offices across the United States and international
locations in London and Shanghai. Piper Jaffray & Co. is the
firm's principal operating subsidiary. (NYSE:PJC)
(http://www.piperjaffray.com/) Since 1895. Member SIPC and NYSE.
DATASOURCE: Piper Jaffray CONTACT: Rob Litt, Media Relations of
Piper Jaffray, +1-612-303-8266 Web site:
http://www.piperjaffray.com/
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