MINNEAPOLIS and NEW YORK, Oct. 6
/PRNewswire/ -- Youth, I.N.C. (Improving Nonprofits for Children)
announced today that Piper Jaffray
(NYSE: PJC), a leading, global middle market investment bank and
institutional securities firm, will once again donate 100 percent
of designated commissions on equity trades made through the firm on
October 14 to Youth I.N.C. This
is the second year that Piper
Jaffray has partnered with nonprofit Youth, I.N.C. to
sponsor Trading Day for Kids, now in its fifth year.
In 2009, Piper Jaffray sponsored
its first Trading Day for Kids, which raised more than $1.5 million for Youth, I.N.C.'s partner
nonprofits and 45,000 New York
City kids. Youth, I.N.C. harnesses the brightest minds in
business to help New York City's
promising grassroots organizations deliver opportunities for our
most vulnerable youth.
Institutional investors can support Trading Day for Kids by
directing all equity trading activities on October 14 to Piper
Jaffray and designating "Youth, I.N.C." as the beneficiary
of trading commissions.
"Piper Jaffray is committed to
supporting worthy philanthropic causes that help strengthen the
communities in which we do business. We are excited to partner with
Youth, I.N.C. again to sponsor the 2010 Trading Day for Kids," said
Thomas Schnettler, president and
chief operating officer of Piper
Jaffray. "We firmly support Youth, I.N.C.'s effort to
connect the for-profit and nonprofit sectors to make an impact on
New York City youth. This
initiative is exciting for our staff and we encourage institutional
investors and the greater financial community to get involved and
direct their equity trades to Piper
Jaffray on October 14."
"Youth, I.N.C. is honored to have Piper
Jaffray serve as the sponsor for Trading Day for Kids for a
second year," said Steve Orr,
executive director of Youth, I.N.C. "The support of companies like
Piper Jaffray and our participating
firms enhances our ability to make an impact on underserved youth
across New York City at a critical
time."
Piper Jaffray also co-hosted a
series of roundtable discussions with Youth, I.N.C. leading up to
Trading Day. Featured guest speakers included, Marc Lasry, Avenue Capital Group,
Dinakar Singh, TPG Axon,
Wilbur Ross, WL Ross and Co.,
and Larry Kudlow, CNBC.
Over 140 investment professionals from 65 financial firms
attended the series, which helped to build support for Trading Day.
On September 22, Piper Jaffray hosted high school students from
two of Youth, I.N.C.'s partner nonprofit organizations, Minds
Matters and Futures and Options, for a mentoring day event.
Students spent time with Piper
Jaffray executives and a panel of Piper Jaffray representatives from the firm's
capital markets, investment banking, and research divisions to
learn about the financial services industry and the firm's
day-to-day business activities.
For more information about participating in the 2010 Trading Day
for Kids, please visit
http://www.youthinc-usa.org/Trading_Day_10.pdf
About Youth, I.N.C.
Through the use of a unique venture philanthropy model that
empowers, develops, and educates nonprofit organizations serving
young people, Youth, I.N.C. guides grassroots organizations toward
long-term sustainability. Since inception, Youth, I.N.C. has raised
$34 million for youth, empowered over
85 nonprofits, and impacted the lives of nearly 600,000 youth. To
learn more about Youth, I.N.C. and Trading Day for Kids visit:
www.youthinc-usa.org.
About Piper Jaffray
Founded in 1895, Piper Jaffray Companies is a leading global
investment bank and asset management firm serving the needs of
corporations, private equity groups, public entities, nonprofit
clients and institutional investors. The firm is headquartered in
Minneapolis with offices across
the U.S. and in Hong Kong and
London. For more information,
please visit: www.piperjaffray.com.
SOURCE Youth, I.N.C.
Copyright t. 6 PR Newswire