RALEIGH, N.C.,
June 26,
2024 /PRNewswire/ -- The CAPTRUST Community
Foundation (CCF), an employee-run 501(c)(3), today announced
Neighbor to Neighbor as its 2024 Charity of Choice and the
recipient of a $100,000 grant.
Additionally, five nonprofits were selected to receive CCF national
grants of $25,000 each.
Neighbor to Neighbor builds pathways to social and economic
mobility for families stuck in poverty, through education and
employment intervention and services. Based in Wake County, North Carolina, the organization
provides after school enrichment and mentorship programs to more
than 300 youth in grades 1–12, as well as 250 families.
"We are thrilled to be selected as the CAPTRUST Community
Foundation's 2024 Charity of Choice," said Spencer Hathcock, program manager at Neighbor to
Neighbor. "This donation will allow us to expand our teen
programming by more than 30 percent, including the addition of
college and career readiness courses, high school transition
programs, and new mentorship opportunities."
"We chose Neighbor to Neighbor because we could see the impact
of their work in Wake County. We
are proud to be funding their expansion to focus more on the needs
of teens," said Bryan Lewis, CCF
co-president and account manager of CAPTRUST at Work.
In addition to Neighbor to Neighbor, the CCF selected these five
nonprofits to receive national grants of $25,000:
- Children's Cancer Partners of the Carolinas provides crucial
support and resources to children and their families as they battle
cancer in the Carolinas.
- Downtown Boxing Gym Youth Program empowers young people in
Detroit through education,
mentorship, and the discipline of boxing.
- Little Bit Therapeutic Riding Center is a community based
in Redmond, Washington where
horses transform the bodies, minds, and spirits of people with
disabilities through equine-assisted services including therapy,
adaptive riding, and mental health and education programs.
- Rosie's House: A Music Academy for Children provides free
music education to underserved youth in Phoenix, Arizona, fostering creativity and
opportunity.
- Wonders & Worries, Inc. offers vital support to
children and families facing serious illness or loss, helping them
navigate challenges with resilience and understanding, and is based
in Austin, Texas.
Founded in 2007, the CCF's mission is to enrich the lives of
children in communities we serve. Since its inception, the
foundation has awarded over $5.5
million in grants to charitable organizations across the
country that help children. The CCF's main source of fundraising is
through voluntary employee payroll deductions that are matched by
CAPTRUST.
"As a foundation, we are grateful that we can fund multiple
worthy organizations across the country with donations and
volunteers," said Veronica Karas,
co-president of the CCF and CAPTRUST financial advisor. "As
CAPTRUST continues to grow, we hope to enrich even more children's
lives in our communities."
In addition, CAPTRUST celebrated volunteer month in May,
encouraging colleagues to leverage their paid volunteer hours
throughout the community. In total, 896 volunteer hours were used,
bringing the annual total up to 2,046.
About the CAPTRUST Community Foundation
The CAPTRUST
Community Foundation was organized in 2007 to provide CAPTRUST
employees with opportunities to participate as a group in community
outreach efforts. The foundation is a registered 501(c)(3) charity
and is eligible to receive tax-deductible contributions. If you
would like to donate or learn more about the CAPTRUST Community
Foundation, please call 855.649.0943.
About CAPTRUST
CAPTRUST was founded in 1997 and
registered CapFinancial Partners LLC as an independent registered
investment advisor in 2003 in Raleigh,
North Carolina. The firm provides investment management,
financial planning, estate planning, and tax advisory and
compliance services for individuals and families. The firm also
offers a comprehensive suite of services for ultra-high-net-worth
individuals to simplify their financial lives, mitigate risk, and
perpetuate their legacies. For retirement plan sponsors,
endowments, foundations, and religious entities, CAPTRUST offers
investment advisory services, fiduciary support, plan design,
provider analysis and fee benchmarking, and employee advice
programs. With more than 1,500 employees across 90 locations
nationwide, CAPTRUST oversees more than $967
billion in assets, including just over $773 billion in nondiscretionary assets under
advisement, and just over $194
billion in discretionary managed account assets (as of
March 31, 2024).
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SOURCE CAPTRUST Financial Advisors