LOGAN, Utah, February 27, 2015 – Utah State University’s Space Dynamics Laboratory director of civil space, Jed J. Hancock was honored yesterday by Utah Business Magazine for his contributions to industry as one of Utah’s Forty Under 40.
As director of the civil space at the Space Dynamics Laboratory, Hancock has led efforts to capture high-profile contracts with NASA and other agencies valued at over $20 million over the past two years. He is responsible for programs at SDL that are helping scientists better understand space, and mission planners to better prepare for space exploration. These programs include providing critical cameras for a spacecraft bound for an asteroid that will bring back samples to Earth, and building space-based sensors that answers questions of how Earth’s weather and space weather interact with each other.
“Our customers have come to trust and respect Jed’s unequivocal technical talent as a talented engineer and view him as a partner,” said Niel Holt, director of the Space Dynamics Laboratory. “Beyond his academic credentials and his hands-on leadership style, Jed is one of those unique individuals who combines those traits with the ability to develop professional relationships with others based on dependability and honesty.”
Hancock received an undergraduate degree and a Master’s of Science in electrical engineering from Utah State University. He earned an additional Master’s of Science degree in optical sciences and received a PhD from the University of Arizona, Tucson where he was valedictorian in 2012.
According to Utah Business Magazine the Forty Under 40 program is now in its’ 12th year and highlights Utah’s up-and-coming professionals from industries in government and nonprofit, to entrepreneurs and c-level executives in the corporate world. For a list and description of all the honorees, visit www.utahbusiness.com.
A unit of the Utah State University Research Foundation, the Space Dynamics Laboratory is one of 14 University Affiliated Research Centers in the nation. Charged with applying basic research to the technology challenges presented in the military and science arenas, SDL has developed revolutionary solutions that are changing the way the world collects and uses data. SDL’s core competencies are electro-optical sensor systems, calibration, thermal management, reconnaissance systems, and small satellite technologies. Headquartered in North Logan, Utah, SDL has operations in Albuquerque, N.M.; Bedford, Mass.; Washington; Los Angeles; Huntsville, Ala.; and Houston. For more information about the Space Dynamics Laboratory, visit: www.sdl.usu.edu/
NEW YORK, February 27, 2015 − Over seventy percent of active individual investors (71%) describe themselves as interested in sustainable investing, and nearly two in three (65%) believe sustainable investing will become more prevalent over the next five years, according to a new survey published today by the Morgan Stanley Institute for Sustainable Investing. The new Sustainable Signals report examines the attitudes and perceptions of individual investors towards sustainable investing and considers the broader implications for investors, corporations and governments.
“The trajectory for sustainable investing continues to point upward. What used to be a bifurcated decision – one between investing to make money and giving to do good – is increasingly becoming a blended conversation as investors look to harness the power of the capital markets as a force for positive impact,” said Audrey Choi, Managing Director and CEO of the Institute for Sustainable Investing at Morgan Stanley. “As sustainable business practices and investment options become more important to investors, the Morgan Stanley Institute for Sustainable Investing is working to drive scalable investment solutions that seek to achieve market-rate returns and help address global challenges.”
Millennials and Women Leading the Way
The survey finds Millennials and women at the front edge of sustainable investing and sustainability. Millennial investors, in particular, index the highest of any demographic on these topics. Related findings from the survey include:
Charting a Path Towards Wider Adoption
Results from the survey point to how individual investors already factor sustainability into their investment decisions and show that there is still room to grow. Related findings include:
“The survey shows that the perception of trade-off between profitable and sustainable investments is still a major barrier to the growth of the field – we and others trying to advance sustainable investing at scale have a job to do, demonstrating that it is possible to achieve positive impact and market-rate returns,” said Choi. “Why does this matter? We believe that it is necessary to mobilize private capital at scale to address global challenges.”
For more information, please see Sustainable Signals: The Individual Investor Perspective.
The Morgan Stanley Institute for Sustainable Investing builds scalable finance solutions that seek to deliver competitive financial returns while driving positive environmental and social impact. We create innovative financial products, thoughtful insights and capacity building programs that help maximize capital to create a more sustainable future. For more information about the Morgan Stanley Institute for Sustainable Investing, visit www.morganstanley.com/sustainableinvesting.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. With offices in more than 43 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
SDSU held a ceremony today to name the Jeffrey W. Glazer Center for Leadership and Service.
SAN DIEGO, Calif. (Feb. 26, 2015) — San Diego State University’s commitment to leadership is reinforced by the university’s tagline, “Leadership Starts Here.” A significant gift from SDSU alumnus and Monty winner Jeffrey W. Glazer, ’81, will ensure that leadership training for students continues well into the future.
Glazer, a long-time supporter of leadership programs at SDSU, has endowed the formerly named Center for Leadership and Community Service and its programs for students across campus.
He was joined by SDSU President Elliot Hirshman and Vice President for Student Affairs Eric Rivera, along with a group of student leaders today for the naming of the Jeffrey W. Glazer Center for Leadership and Service.
“Jeff’s incredible generosity will enable us to support, enhance, transform and sustain our center and provide ongoing support of students and leadership initiatives for years to come,” Rivera said.
Glazer, who taught in the College of Business Administration, served on the boards of the SDSU Alumni Association and the Campanile Foundation. He hopes his gift will lead to greater collaboration among SDSU’s academic and cocurricular departments to provide additional leadership opportunities for students.
A variety of opportunities
The Glazer Center, located in the southwest corner of the second floor of the Conrad Prebys Aztec Student Union, offers students a variety of leadership and service opportunities.
They range from training workshops, to community service activities, to full-day leadership seminars such as the annual SDSU Leadership Summit that took place February 21. More than 500 students attended the summit.
In addition to a variety of programming, the center also offers students the opportunity to earn a Leadership Certificate through completion of trainings, workshops, community service projects and reflective exercises. Nearly 600 students have completed the certificate program or are in the process of completion.
Glazer’s gift has been a factor in the university’s plans to offer an academic minor in leadership. Students enrolled in the interdisciplinary minor will take courses in leadership development, most of which are specific to their major. The courses will enhance the students’ professional resumes as they prepare for careers after graduation.
Glazer’s involvement with the leadership center dates back to 1987 when he first connected with an advisory board for the center through the SDSU Alumni Association.
“To this day, the vision for the leadership center is the same,” Glazer said. “It’s the same vision I’ve always had and it has never changed, only the execution has changed.”
Randy Timm, director of Student Life & Leadership, the department in which the Glazer Center is housed, said Glazer’s support of the center for more than 25 years has guided it to its current successful status.
“See those books over there?” Timm said, pointing to shelves filled with leadership titles. “Those books, and so much more of this center are because of Jeff Glazer and his dedication to leadership education for students.”
In addition to encouraging more connection between alumni and students through leadership and service programs, Glazer hopes his gift will enable SDSU to provide more coordinated leadership opportunities for students.
“The more opportunities we have for students to do things, the more the students will learn,” Glazer said. “Being a leader requires a lot of work, but it also requires passion. Helping students find what they are passionate about and develop their leadership skills builds great leaders for our future.”
National Residential Solar Provider Breaks Ground on 163,000 Square Foot Building at Thanksgiving Point in Lehi, Utah
Vivint Solar (NYSE: VSLR), a leading provider of residential solar systems in the United States is breaking ground on the construction of a 163,000 square foot corporate headquarters in Lehi, Utah. The company currently employs nearly 1,000 Utah residents – approaching 3,000 nationwide – and continues to grow as a solar industry leader.
“We are proud to build our corporate headquarters among the technology innovators here in the State of Utah,” said Greg Butterfield, CEO of Vivint Solar. “Our culture of high growth potential and disruption to the traditional electricity market is possible because of the motivated workforce here in the Utah.
Vivint Solar is the second largest installer of solar energy systems to the U.S. residential market with approximately 16 percent market share in the third quarter of 2014, according to GTM Research. In 2014, the company established 23 new sales and installation offices to its 16 previously existing offices. The company plans to expand further in 2015.
With a Vivint Solar lease, Utah homeowners can lock in a fixed monthly lease payment for a rooftop solar energy system with no down payment or upfront costs for installation and permitting. Vivint Solar leases include a solar energy production guarantee. As a result, the electricity generated by the solar energy system provides Utah homeowners with electricity costs that are typically below the prevailing electric utility rates.
To schedule a solar assessment for your home, call 1-855-353-4829. For more information on a Vivint Solar lease, please visit: http://www.vivintsolar.com/en/state/utah.
The company continues to hire sales representatives, permitting staff, CAD designers, install technicians, electricians and corporate support staff. Visit vivintsolar.com to see a list of available job descriptions.
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer’s location – to residential customers in the United States. Vivint Solar’s customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information, visit www.vivintsolar.com or follow @VivintSolar.
Submissions accepted March 1 – April 30
CHICAGO – Five Ruth Lilly and Dorothy Sargent Rosenberg Poetry Fellowships in the amount of $25,800 each will be awarded to young U.S. poets between 21 and 31 years of age through a national competition sponsored by the Poetry Foundation, publisher of Poetry magazine. Submissions will be accepted from March 1 through April 30 of this year.
The original Ruth Lilly Poetry Fellowships were established in 1989 by Indianapolis philanthropist Ruth Lilly to encourage the further study and writing of poetry. In 2013, the Poetry Foundation received a generous gift from the Dorothy Sargent Rosenberg Memorial Fund to create the Ruth Lilly and Dorothy Sargent Rosenberg Poetry Fellowships, which increased the fellowship amount from $15,000 to $25,800.
The Ruth Lilly and Dorothy Sargent Rosenberg Poetry Fellowships honor two extraordinary women and their commitment to poetry and give five young poets a more auspicious start to their careers. The awards are among the largest offered to young poets in the United States.
“From Harriet Monroe’s founding of Poetry in 1912 to our constant search for fresh new voices today, Poetry has always discovered work that enlivens our sense of what poetry is worth and what it can do,” says Don Share, editor of Poetry magazine. “The Ruth Lilly and Dorothy Sargent Rosenberg Poetry Fellowships are especially inspiring because they identify emerging writers whose promising work shows how poetry helps compose our lives.”
For information on how to submit, visit poetryfoundation.org/foundation/prizes_fellowship. The fellowship winners will be announced in September 2015 and featured in an upcoming issue of Poetry magazine.
The 2014 Ruth Lilly and Dorothy Sargent Rosenberg Poetry Fellows are Wendy Xu, Hannah Gamble, Solmaz Sharif, Danez Smith and Ocean Vuong. The Poetry Foundation’s annual awards to poets include the $100,000 Ruth Lilly Poetry Prize, which honors a living U.S. poet whose lifetime accomplishments warrant extraordinary recognition, and the new $7,500 Pegasus Award for Poetry Criticism, first given in 2014, which honors the best book-length works of criticism published in the prior calendar year, including biographies, essay collections and critical editions that consider the subject of poetry or poets.
About the Poetry Foundation
The Poetry Foundation, publisher of Poetry magazine, is an independent literary organization committed to a vigorous presence for poetry in our culture. It exists to discover and celebrate the best poetry and to place it before the largest possible audience. The Poetry Foundation seeks to be a leader in shaping a receptive climate for poetry by developing new audiences, creating new avenues for delivery and encouraging new kinds of poetry through innovative literary prizes and programs. For more information, please visit poetryfoundation.org.
About Poetry Magazine
Founded in Chicago by Harriet Monroe in 1912, Poetry is the oldest monthly devoted to verse in the English-speaking world. Monroe’s “Open Door” policy, set forth in Volume 1 of the magazine, remains the most succinct statement of Poetry’s mission: to print the best poetry written today, in whatever style, genre or approach. The magazine established its reputation early by publishing the first important poems of T.S. Eliot, Ezra Pound, Marianne Moore, Wallace Stevens, H.D., William Carlos Williams, Carl Sandburg and other now-classic authors. In succeeding decades it has presented—often for the first time—works by virtually every major contemporary poet.
The Fund reached 5.5 million low-income and rural borrowers in 15 countries
Deutsche Bank’s Global Social Finance Group today announced the conclusion of the seven-year investment term, and the release of an assessment report, for its innovative USD 83 million microfinance fund (the Fund). The Fund provided financing to 21 microfinance institutions (MFIs) in 15 countries, enabling them to transition into more resilient, sophisticated and client-responsive financial institutions.
Through subordinated debt financing, the Fund helped the MFIs achieve institutional strengthening and portfolio growth, along with a more diverse offering of services at a lower cost. Subordinated, long-term debt is particularly meaningful to MFIs that are seeking to strengthen and leverage their balance sheets for growth and, in some instances, in order to qualify as formally regulated institutions.
“Deutsche Bank’s consistent strategy has been to provide capital to enable high performing MFIs worldwide to responsibly grow in order to broaden their reach to provide the un-banked poor with high quality services,” said Gary Hattem, Head of the Global Social Finance Group, Deutsche Bank. “Using our capabilities as a global investment bank, Deutsche Bank is able to foster commercial sustainability of MFIs at different growth stages and to encourage a balance between financial and social objectives.”
The assessment report found that since receiving the Fund’s loan in 2007, the MFIs have been able to grow their portfolios more than threefold to USD 12.1 billion from USD 3.7 billion, while increasing their number of borrowers to 5.5 million from 2.2 million. The MFIs were able to double the median number of loan product types and kept their average loan size adapted to those most in need, demonstrating the MFIs’ commitment to serving a client base composed mostly of women and rural populations.
Deutsche Bank was the first global bank to establish a socially motivated microfinance fund in 1997, managed by its Global Social Finance Group. Since then, the Bank partnered with more than 130 MFIs in more than 50 countries, benefitting as many as 3.8 million low-income entrepreneurs through USD 1.67 billion in financing.
Learn more about the Global Social Finance Group.
Read the complete assessment report that evaluates the fulfillment of the Fund’s objectives, available here: https://www.db.com/usa/content/en/vg-microfinance-invest-1.html
Suite of Related Resources Promotes Knowledge About Strengthening Nonprofit Organizations
New York, NY — February 26, 2015. A new guide released today by GrantCraft, a service of Foundation Center, adds unique perspective on the ways foundations can boost organizational effectiveness of nonprofits. Supporting Grantee Capacity: Strengthening Effectiveness Together helps grantmakers make informed decisions about enhancing the sustainability of nonprofits by making investments aimed at improving specific organizational capacities.
The guide illustrates thoughtful approaches to capacity building through real-world examples from funders of different sizes, missions, and geographies. Like other GrantCraft guides, it builds on the wisdom and experience of funders to spread knowledge and improve the practice of philanthropy. The guide is supplemented by more than 30 new GrantCraft resources and a special collection of case studies, white papers, and evaluations published by practitioners and experts in the field.
“‘Capacity building’ can carry many different meanings, but at its heart, it represents an investment aimed at strengthening effectiveness,” says Jen Bokoff, director of GrantCraft at Foundation Center. “These resources synthesize insights derived from actual experience and provide a useful framework to help funders who may be just starting on this journey, as well as those looking to assess their investments so far.”
The guide tackles many themes, including investment approaches, appraisal of funding opportunities, funder-grantee power dynamics, and evaluation of results. It blends data from interviews, focus groups, surveys, and a scan of existing literature to provide a comprehensive and in-depth view of the field. A unique aspect of the guide is its focus on the funder-grantee relationship, with importance placed on defining roles and expectations, establishing trust and open communications, and recognizing and analyzing the variables at play in capacity-building situations. Throughout the report, there are “action steps” and hyperlinks to a wealth of related online content, including case studies and podcasts that animate topics presented in the guide.
A special collection of case studies, white papers, and evaluations builds on the topics explored in Supporting Grantee Capacity. This repository, which can be accessed at fundingcapacity.issuelab.org, provides free and direct access to the experience and expertise of foundations and nonprofits that have shared lessons learned from their own capacity-building efforts.
Foundation Center is the leading authority on philanthropy. Its GrantCraft service offers guides, blogs, videos, and other media that address questions faced by funders in the United States and around the world. In past year, it has published 30 new videos and podcasts, added an RSS feed of all new content, posted nine guided readings that facilitate conversations among colleagues on important topics, and translated 14 guides.
Supporting Grantee Capacity: Strengthening Effectiveness Together can be downloaded for free at grantcraft.org/supportingcapacity, and the special collection can be accessed at fundingcapacity.issuelab.org.
Funding for this project was generously provided by the Open Society Foundations.
First of its kind impact investment deal between The Nature Conservancy, the Seychelles Government and the Paris Club.
Arlington, VA — The Nature Conservancy through its NatureVest division will be supporting a first of its kind debt-swap deal between the Government of Seychelles and its Paris Club creditors in exchange for the Government of Seychelles’ commitment to enhance marine conservation and climate adaptation. The Nature Conservancy will invest $23 million in impact capital while raising an additional $8 million in grant funding for the first time to finance the deal.
The Seychelles, a nation of 115 islands in the Western Indian Ocean, with its low-lying geography, makes its people and economy particularly vulnerable to the threats of climate change.
The debt to be bought back by Seychelles from the Paris Club and South Africa at a discount-to-face-value under the terms of an unprecedented agreement reached on 25 February 2015 in Paris will be converted into new Government of Seychelles debt to be issued to the soon-to-be-created Seychelles Conservation and Climate Adaptation Trust (SeyCCAT). Over a 20 year period, the proceeds of this debt will be used to:
The landmark agreement reached between Seychelles and its Paris Club creditors will trigger a US$ 31 million funding package that will benefit critical marine conversation work in Seychelles, and follows three years of close interaction between the TNC, the Government of Seychelles, and its financial advisor, White Oak Advisory.
Seychelles’s debt buyback agreement with the Paris Club and South Africa is notable for a number of reasons, marking not only the first time the Paris Club has supported a debt operation designed to benefit the environment, but also the first time a southern creditor (South Africa) has participated in a buyback operation covering the debts of another southern country. Creditor participation in the agreement is also the highest ever achieved in a buyback deal reached through the Paris Club’s market-based window.
“This deal demonstrates the tremendous potential for impact investing to protect nature,” said Mark Tercek, President and Chief Executive Officer at The Nature Conservancy. “Through NatureVest, we are excited to bring together the Paris Club creditors and the Seychelles government to unlock a significant source of capital for marine conservation efforts that will help address climate change.”
The Nature Conservancy designed the debt-swap deal to allow the Seychelles to redirect a portion of their current debt payments from external creditors to fund conservation activities including the creation and management of over 400,000 square kilometers of new marine protected areas (the second largest in the Indian Ocean). The deal helps address the marine conservation and climate adaption goals announced as part of the “Blue Economy” theme at Rio +20 meeting held in 2012.
President James Michel of Seychelles thanked all of Seychelles’ partners and creditors who made the agreement possible, and who showed their confidence in the country. He further noted, “Although we are small, we can make a real difference. A difference that brings the best outcomes for Seychelles. And a difference that offers examples in terms of sustainable development, in terms of innovation, and in terms of options for all small island states.”
Through NatureVest, The Nature Conservancy aims to replicate this model to help other small island nations invest in marine conservation efforts that will limit the risks and costs posed by climate change.
Support for the Conservancy’s NatureVest team comes from the Robertson Foundation, the Jeremy & Hannelore Grantham Environmental Trust and JPMorgan Chase & Co.
InvestWithValues.com is the leading gateway for the $6.57 trillion sustainable, responsible and impact investing community with its new, free educational resource.
(Armonk, NY, February 25, 2015) – To meet the growing demand for information on social and impact investment opportunities, leading global resources, relevant content, investment professionals, and topical online forums, Brian Kaminer, a consultant and experienced impact investor, has recently re-branded and enhanced his Money and Impact Investment Directory website.
Invest with Values intends to become the definitive Internet resource for investors learning to align their money and values in ways that generate financial return along with positive social and environmental change.
Positioning itself as “The Investor’s Gateway to Positive Change”, InvestWithValues.com features a directory of over 300 resources, and four public discussion forums: General Money and Values; Local & Community Investing; Private Funds and Impact Investing; and Publicly Traded and Socially Responsible Investing. These online forums are devoted to the possibilities of aligning money and values. Registered site members (signup is free) can initiate or contribute to a discussion, ask a question, share their views, and tap into the collective wisdom and experience of each forum’s participants. It’s an easy way to get up to speed and obtain guidance in the world of social investing.
In recent years, a rapidly growing number of investors have been putting their money where their values are – that is, to invest in companies,organizations, and funds that can make a positive difference in their community, the environment, and the world. According to data from USSIF (an association of investment professionals),US sustainable, responsible and impact investing (SRI) has grown 76% over the past two years.The total US-domiciled assets under management using SRI strategies expanded to $6.57 trillion at the start of 2014.
To facilitate navigation, the revamped site features a “Getting Started” beginner’s directory with just a few listings in each of four categories: Local Banking, Community Investing, Sustainable and Responsible Investing, and Impact Investing. The full directory is organized into 13 topical categories and can now be searched by keyword, resource tag, location, user type. Site visitors who want to be alerted to additions to the directory may sign up for a free e-newsletter with a summary of recent topics from the directory, new resources and popular discussions from the forums.
Invest with Values was launched with the support of 26 promotional partners and 9 sponsors, including RSF Social Finance, Trillium Asset Management, and Calvert Foundation. These sponsors clearly recognize the value of reaching both “newbies” and more experienced social investors.
In 2007, after realizing a need and opportunity for a different approach in how people invest and create value, site founder, Brian Kaminer, created a new company. Talgra, a certified B Corporation, provides consulting services to people seeking opportunities to invest in ways that also create positive social and environmental change.
Kaminer’s goal is that Invest with Values ultimately “fills a void in the investing space by connecting the dots between related investment areas such as local banking, community investing, sustainable & responsible investing, impact investing, and the organizations that occupy them. Our main product is a curated directory of over 300 organizations and resources that share the common thread of using money and investing to create positive change. We firmly believe that our site will serve as a must-visit gateway to the world of values-aligned investment for investors, financial advisors, students, and the media.”
Initial reaction to Invest with Values has been quite favorable. Scott Budde, Project Director for Maine Food System Credit Project and former Managing Director of TIAA-CREF, said that “It is the only site that organizes the world of investing with values in a way that is helpful to newcomers and professionals alike.” Katharine Collins, founder of Honeybee Capital and author of The Nature of Investing, praised InvestwithValues as a “Dream come true – all your impact investing tools in one handy place!” And a feature article in Forbes reports that “Kaminer has accumulated in one place an array of information, from methods for measuring social impact to investor groups.”
About the Resource
Invest with Values is a free educational investing tool, directory, forum and resource site that helps connect related investment areas including local banking, community investing, impact investing, and socially responsible investing. This educational resource originated in July of 2012, as a PDF-formatted directory and hosted by its parent company,Talgra. In May 2013, Talgra introduced a new website: The Money and Impact Investing Directory, a more interactive version of the original directory. In December, 2014, this site was expanded and re-branded as Invest with Values.
$3 million contribution funds expansion of high school internship program
Washington, DC, February 26, 2015 — AT&T, as part of the AT&T Aspire initiative, announced a $3 million contribution to Genesys Works today to support more opportunities for high school students to experience meaningful year-long internships in businesses — including AT&T — across the country.
Genesys Works is an innovative social enterprise that places economically disadvantaged high school students into a professional career through workplace training and meaningful senior-year internships. The commitment was revealed today by Tim Wolff, Vice President of Construction and Engineering, AT&T during the National Opportunity Summit. The Summit is convening private, public and non-profit stakeholders focused on youth employment and workforce training initiatives. It is hosted by Opportunity Nation, a bi-partisan coalition focused on increasing opportunity in America.
“The best investments are those that benefit all parties involved and grow and get better over time — this is what AT&T has experienced with Genesys Works,” said Wolff. “Our employees learn by mentoring students, and the students gain valuable work experience. Because of their excellent performance, we’ve kept several students on at our company past the duration of their Genesys Works internship. Supporting the expansion of this program is a smart business decision.”
Timothy Mayorga, a petroleum engineering student at the University of Houston, did not dream of college until he was accepted into the Genesys Works program and was placed in a meaningful internship at AT&T. While working in the engineering department with his AT&T mentor, Elizabeth Palomo, Tim started to envision his career path and navigate his plans after high school, leading him to be the first in his family to attend college. See more stories of the students and employees involved in the program here.
“Private sector investment in workforce training programs, such as AT&T’s commitment to internship and mentorship programs, is critically important to helping our nation’s 5.6 million youth who are neither in school nor working,” commented Russell Krumnow, Managing Director of Opportunity Nation. “AT&T’s contribution to Genesys Works today demonstrates the importance of cross-sector collaboration to provide young adults with expanded access to opportunities, the driving force of Opportunity Nation’s mission.”
“With young Americans experiencing unemployment rates that are at least twice the national average, it’s critically important to empower today’s youth with the skills and experiences that allow them to see and be in pursuit of opportunity — in the classroom, in the workplace and in life,” said Rafael Alvarez, Founder and CEO of Genesys Works. “AT&T’s commitment to Genesys Works will enable thousands of students to realize their potential.”
More than 80 percent of Genesys Works students are from low-income households, and many represent the “quiet middle”—“B” or “C” students who may require additional support to realize their full potential. Once accepted into the Genesys Works program, students receive technical and professional skills training and are placed at corporations, like AT&T, for a paid 12-month internship during their senior year of high school. The program boasts a remarkable success rate: 95 percent of Genesys Works student interns enroll in college, and 86 percent of program graduates persist in higher education after their freshman year. Genesys Works currently serves students in Houston, Chicago, the Twin Cities, and the San Francisco Bay Area.
This new contribution builds on AT&T’s relationship with Genesys Works, which began in 2012 with a $1 million contribution that supported its expansion into the San Francisco Bay Area connecting students to the technology sector. This collaboration is part of AT&T Aspire, the company’s $350 million signature education initiative, focused on helping students succeed in school and preparing them with the skills needed for a 21st century career.
About Philanthropy and Social Innovation at AT&T
AT&T Inc. is committed to advancing education, strengthening communities and improving lives. Through its community initiatives, AT&T has a long history of investing in projects that create learning opportunities; promote academic and economic achievement; or address community needs. In 2013, more than $130 million was contributed or directed through corporate-, employee-, social investment- and AT&T Foundation-giving programs. AT&T Aspire is AT&T’s signature education initiative that drives innovation in education by bringing diverse resources to bear on the issue including funding, technology, employee volunteerism, and mentoring.
About Genesys Works
Genesys Works is committed to empowering economically disadvantaged high school students to enter and thrive in the economic mainstream by providing the knowledge and work experience required to succeed as professionals, changing the trajectory of their lives forever. To this end, Genesys Works trains and engages high school seniors in meaningful corporate internships at one of more than 150 major companies in Houston, the Twin Cities, Chicago, and the Bay Area. The organization keeps them on track to graduate and prepares them for successful futures in a competitive marketplace.
About Opportunity Nation
Opportunity Nation is a bipartisan, national coalition of more than 300 businesses, nonprofits, educational institutions and community leaders working to expand economic opportunity. Opportunity Nation seeks to close the opportunity gap by amplifying the work of its coalition members, advocating policy and private sector actions, and releasing the annual Opportunity Index, a composite measure at the state and county levels of economic, educational and civic factors that foster opportunity.
AT&T Inc. (NYSE:T) helps millions of people and businesses around the globe stay connected through leading wireless, high-speed Internet, voice and cloud-based services. We’re helping people mobilize their worlds with state-of-the-art communications, entertainment services and amazing innovations like connected cars and devices for homes, offices and points in between. Our U.S. wireless network offers customers the nation’s strongest LTE signal and the nation’s most reliable 4G LTE network. We offer the best global wireless coverage. We’re improving how our customers stay entertained and informed with AT&T U-verse® TV and High Speed Internet services. And businesses worldwide are serving their customers better with AT&T’s mobility and highly secure cloud solutions.
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