NEW YORK, Oct. 9, 2013 /PRNewswire/ -- Youth, I.N.C. (Improving Nonprofits for Children) announced today that Canaccord Genuity, the global capital markets division of Canaccord Genuity Group Inc. (CF: TSX | CF.: LSE) will sponsor the Eighth Annual Trading Day for Kids, a fundraising event that provides a vehicle for institutional investors to improve the lives of at-risk children and youth. On October 23, Canaccord Genuity will donate 100 percent of designated net commissions on cash equities, agency options, and electronic trades to Youth, I.N.C. Proceeds from Trading Day for Kids will benefit Youth, I.N.C.'s 51 nonprofit partner organizations and thousands of kids in need across New York City. In 2012, Canaccord Genuity's sponsorship of Trading Day enabled Youth, I.N.C. to raise $1 million.
Since its inception in 2006, Trading Day for Kids has enlisted the support of nearly 500 hedge funds and has raised more than $8.6 million for Youth, I.N.C.'s capacity-building programs.
"We are proud to extend our partnership with Youth, I.N.C. and support such a worthwhile organization. Through its close association with distinctive Wall Street partners, Youth, I.N.C.'s unique business model enables innovative nonprofits to become financially sustainable and serve a greater number of youth," said Daniel Daviau, President of Canaccord Genuity's U.S. Investment Banking Operations. "We are glad to partner with Youth I.N.C. once again to continue to support NYC kids."
Along with Trading Day for Kids, Canaccord Genuity will also host a "Mentor Day" on October 21. Twelve high school students representing Creative Arts Workshops for Kids, one of Youth, I.N.C.'s partner organizations, will spend the afternoon at Canaccord Genuity meeting with senior executives and attending a panel discussion about various jobs across the financial services industry.
"It is an honor to have a firm of Canaccord Genuity's calibre support our Trading Day for Kids initiative for the second year in a row," said Steve Orr, Executive Director and Founder of Youth, I.N.C. "Their commitment to our mission of linking talent and resources from the for profit sector with promising nonprofits is unwavering, and we are truly grateful for their steadfast support to improve the lives of deserving youth in New York City."
To commemorate Trading Day for Kids, Youth I.N.C. and Canaccord Genuity will ring the Closing Bell at NASDAQ on October 23.
For more information about participating in Trading Day for Kids on October 23, please visit http://www.youthinc-usa.org/tradingday.
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 $45 million, transformed over 100 nonprofits, and impacted the lives of more than 600,000 youth. To learn more about Youth, I.N.C. visit: www.youthinc-usa.org.
About Canaccord Genuity
Canaccord Genuity is the global capital markets division of Canaccord Genuity Group Inc. (CF: TSX | CF.: LSE), offering institutional and corporate clients idea-driven investment banking, merger and acquisition, research and sales and trading services from 24 offices in 12 countries worldwide. The firm's team of experienced capital markets professionals has industry and transactional expertise in 18 key sectors of the global economy. Canaccord Genuity is committed to providing valued services to its clients throughout the entire lifecycle of their business and operating as a gold standard independent investment bank – expansive in resources and reach, but targeted in industry expertise, market focus and individual client attention. More information is available at www.canaccordgenuity.com.
Canaccord Genuity Inc. is a registered broker-dealer regulated by the SEC and FINRA. Member SIPC. Offices in other countries are offices of other companies in the Canaccord group ofcompanies. See www.canaccordgenuitygroup.com/en/companies for more information.
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