Piper Jaffray Enters Philanthropic Partnership With Youth, I.N.C. to Support 4th Annual Trading Day for Kids
MINNEAPOLIS and NEW YORK, September 28, 2009 — 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.”