Piper Jaffray Awards $1.2 Million in Grants in 2004
December 16 2004 - 10:18AM
PR Newswire (US)
Piper Jaffray Awards $1.2 Million in Grants in 2004 - Firm
Completes Final Round of Grants, Awarding $404,250 to Support
Strong Youth Organizations - MINNEAPOLIS, Dec. 16
/PRNewswire-FirstCall/ -- Piper Jaffray is pleased to announce that
it has awarded grants to 69 nonprofit organizations across the
firm's geographic regions for a total of $404,250 in its final
round of grants in 2004. This round of grantmaking supports strong
youth organizations whose programs focus on helping disadvantaged
youth in grades K-12 achieve academic success. In its first year as
an independent public company, Piper Jaffray awarded more than $1.2
million in grants to more than 150 organizations. "We are delighted
to complete our first year of grantmaking," said Andrew Duff,
chairman and chief executive officer of Piper Jaffray Companies.
"We made grants to organizations that help advance the communities
in which we work and live and we are proud to be among the current
supporters of these tremendous organizations." Piper Jaffray
awarded grants to strong youth organizations that support
well-established, effective programs that provide intensive
tutoring and academic instruction. Other selection criteria
included organizations that partner with schools to serve
academically at-risk youth, involve parents and expose youth to
post-secondary education opportunities and link them with the
necessary resources to achieve their goals. The Piper Jaffray
Corporate Community Involvement Council guides the overall
involvement efforts and makes funding decisions in the Twin Cities.
Local decision making resides with the firm's Regional Community
Involvement Councils. In addition, Piper Jaffray has made a
commitment to contribute five percent of its pre-tax earnings to
charity each year through a combination of cash contributions,
in-kind contributions and volunteer hours. For additional
information and a complete list of the grants, visit
http://www.piperjaffray.com/grants . Piper Jaffray Companies
(NYSE:PJC) is a focused securities firm dedicated to delivering
superior financial advice, investment products and transaction
execution within selected sectors of the financial services
marketplace. The company operates through two primary
revenue-generating segments: Capital Markets and Private Client
Services. Investment Research, an independent group reporting to
the CEO, supports clients of both segments. Through its chief
operating subsidiary, Piper Jaffray & Co., the firm has served
corporations, government and non-profit entities, institutional
investors and the financial advisory needs of private individuals
since 1895. Headquartered in Minneapolis, Piper Jaffray has
approximately 3,000 employees in 111 offices in 23 states across
the country and in London. For more information about Piper
Jaffray, visit us online at http://www.piperjaffray.com/ . Since
1895. Member SIPC and NYSE. DATASOURCE: Piper Jaffray CONTACT:
Susan Beatty, Media Relations, of Piper Jaffray, +1-612-303-5680
Web site: http://www.piperjaffray.com/
http://www.piperjaffray.com/grants
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