Piper Jaffray Awards $1.2 Million in Grants in 2004

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,

[phone]



Web site:  http://www.piperjaffray.com/

http://www.piperjaffray.com/grants 

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