Piper Jaffray Awards $440,500 in Grants to Support Community Development and Affordable Housing Organizations

Piper Jaffray Awards $440,500 in Grants to Support Community
Development and Affordable Housing Organizations 


MINNEAPOLIS, July 19  /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased
to announce the funding of 41 nonprofit organizations across the firm's
geographic regions for a total of $440,500 in its first round of grants in
2004. The grants support organizations that work toward development of
affordable housing and revitalization of economically distressed neighborhoods
across multiple geographic areas.

"We are proud to announce this first round of grants after Piper Jaffray's
re-emergence as an independent public company," said Andrew Duff, chairman and
chief executive officer of Piper Jaffray. "Piper Jaffray has been integrally
involved in the communities in which we live and work for the past 109 years.
We are thrilled to partner with these great organizations to help build
stronger communities."

Piper Jaffray has made a commitment to contribute to charity five percent of
its pre-tax earnings each year with the combination of cash contributions,
in-kind contributions and volunteer hours, once again making the firm a member
of the Minnesota Keystone Program. The Minnesota Keystone Program is a
voluntary program promoting corporate support for communities that was
co-founded by Piper Jaffray 27 years ago. 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 for more than 108 years. 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 Companies



CONTACT:  Susan Beatty, Public Affairs and Media Relations of Piper

Jaffray, [phone]



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

http://www.piperjaffray.com/ 

Copyright