Canaccord Genuity LLC’s support for Youth INC exceeds $ 5 million
NEW YORK, July 07, 2021 (GLOBE NEWSWIRE) – Youth INC today announced that Canaccord Genuity LLC (âCanaccord Genuityâ), the US division of Canaccord Genuity Group Inc., has committed $ 750,000 to fund the launch of Rise Academy for Leaders of Color, raising its support to $ 5 million over the past 10 years. This contribution from Canaccord Genuity will assist Youth INC in its mission to dismantle systemic barriers to the advancement of leaders of color in the youth development segment of the nonprofit sector.
âOver a decade of supporting Youth INC, we have witnessed the incredible work they do to provide youth development organizations with the resources to help young people develop the skills and confidence to achieve. their full potential, âsaid Jeff Barlow, president of Canaccord Genuity. LLC. âOur contribution to fund the launch of the Rise Academy for Leaders of Color underscores our commitment to advancing diversity and inclusion in our business and communities as Youth INC expands its efforts to provide dedicated support to non-profit leaders. lucrative BIPOC. “
Rise Academy for Leaders of Color aims to change the landscape of bottom-up Black, Indigenous and Colored (BIPOC) nonprofit leaders in youth development organizations. Developed in partnership with the Center for Nonprofit Leadership at Adelphi University in New York City, participants will earn a full certificate in Organizational and Community Leadership.
The 15-month immersive experience integrates personal leadership development, non-profit management, community leadership, executive coaching led by AIIR Consulting and a mentoring program for emerging leaders. Given Youth INC’s holistic approach to change management, the program will also seek to address the environments in which these leaders operate, including management teams and boards.
âThe structural barriers created by racial inequalities in the nonprofit sector have long perpetuated disparities among its leaders. The lack of opportunities for the emerging leader negatively impacts the diversity of thought leadership and negatively impacts the youth served when they don’t see themselves represented, âsaid Tracie Gilstrap, Director, Network Engagement. partners, Youth INC. a capacity builder, we are uniquely positioned to assess and overcome these barriers and support our growing nonprofit leaders of color and partner organizations by creating an environment where everyone can access and leadership opportunities that will influence the how organizations lead young constituents of color.
According to a report from the Building Movement Project, BIPOC nonprofit leaders have received only 10% of philanthropic dollars in the past 20 years, despite making up 20% of philanthropic leadership. Likewise, BIPOC executives lack sponsorship relationships almost twice as many as their white peers and cite the lack of board support.
âYouth INC has focused on self-reflection over the past year to determine how we can improve diversity, equity, inclusion and belonging at all levels of our organization,â said Rehana Farrell , Executive Director of Youth INC. “This program is the culmination of a 12-month study of the inequalities BIPOC nonprofit leaders face and focuses their voices on the solution, making all of us at Youth INC incredibly proud and inspired of the change we can achieve. together We are grateful for Canaccord Genuity’s long-standing commitment to our organization and its bold investment in advancing racial equity.
âMy goal is to become the executive director of a small to medium-sized nonprofit,â said Melissa Benjamin, director of development at Fiver, and one of the inaugural cohort participants. âI’ve been looking for a professional development opportunity like this program for almost two years, and the biggest hurdle has been ‘fit’. I am excited about the possibilities that Rise Academy for Leaders of Color could offer me. “
Rise Academy for Leaders of Color opens its virtual doors on July 21, 2021, with an inaugural cohort of ten BIPOC nonprofit leaders:
- Veronica Collazo, Marketing and Communication Manager, America SCORES New York
- Tara DeWorsop, Director of Development and Communications, Behind the Book
- Becca Weng, Program Director, Common Denominator
- Dunasha Payne, Community Programs Coordinator, Drama Club
- Melissa Benjamin, Director of Development, Fiver Children’s Foundation
- Sayra Solis, Digital Media Specialist, I Challenge Myself
- Ashley Allen, Operations and Programs Manager, Play Rugby, Inc.
- Jonese Billy, Director of Strategic Partnerships and External Affairs, PowerPlay
- Kyesha Lewis, Manager, Program Operations, Read Ahead
- Jessica Vicuna, Workforce Development Manager, Youth Action YouthBuild
Visit https://www.youthinc-usa.org/rise-academy for additional information.
About Jeunesse INC
Youth INC is a network of 75+ of the best youth development nonprofits in New York City. We provide our nonprofit partners with the coaching, capital and connections necessary to achieve sustainable growth and maximum impact. Our nonprofit partners collectively defend more than 200,000 young people each year. The Aspen Institute estimates that investing in young people’s social and emotional learning (SEL) generates an 11x return. This means that the $ 110 million raised by Youth INC since its inception has generated over $ 1 billion in impact. To learn more, visit www.youthinc-usa.org.
About Canaccord Genuity Capital Markets
Canaccord Genuity Capital Markets is the international financial markets division of Canaccord Genuity Group Inc. (TSX: CF), which provides institutional and mid-market corporate clients with investment banking, mergers and acquisitions, research, idea-driven sales and negotiation company with capabilities in North America, UK & Europe, Asia, Australia & Middle East. We are committed to providing valuable services to our clients throughout the lifecycle of their business and operating as an independent benchmark investment bank – vast in resources and reach, but focused on industry expertise , market orientation and individual customer attention. To learn more, visit www.cgf.com.
The Center for Nonprofit Leadership at Adelphi University
Based at the School of Social Work at Adelphi University, The Center for Nonprofit Leadership promotes excellence in leadership by providing multifaceted resources that meet the needs of the nonprofit sector. For over 14 years, the Center has provided programs and services to CEOs, Boards of Directors and new and emerging leaders and their organizations. The Center is also committed to supporting and strengthening leadership in underserved communities. At the heart of the mission and work of the Center for Nonprofit Leadership is the belief that organizational effectiveness depends on excellence in leadership. A large collection of up-to-date resources for leaders of nonprofit organizations, a partial list of clients, and testimonials are available on the Center’s website at https://nonprofit.adelphi.edu.