WASHINGTON, Sept. 19, 2016 /PRNewswire/ -- The Structured Finance Industry Group, Inc. ("SFIG"), a member-based trade industry group focused on improving and strengthening the broader structured finance and securitization market, today announced that it formed the SFIG Foundation, a charitable organization focused on providing youth educational opportunities. The SFIG Foundation is an affiliated organization of SFIG and is an independent 501(c)3 organization.
SFIG will partner with Scholarship America and Mentor Foundation USA to develop and provide scholarship programs for the young people engaged in the Mentor Foundation's programs. The SFIG Foundation scholarships will expand the educational opportunities available for students of Mentor Foundation USA and connect scholarship winners to the significant network of the SFIG membership.
"Since the inception of SFIG, both staff and membership alike have demonstrated a commitment to 'doing the right thing'. You see this evidenced in all of our work, perhaps most notably in spearheading industry diversification efforts with the Women in Securitization program. The creation of the SFIG Foundation is another important initiative asked for and in many ways put together by our members," said Richard Johns, Executive Director of SFIG. "We are very pleased to create an organization that can have a meaningful impact in our community and tap into the depth of generosity, support and commitment of our members."
SFIG will select a Board of Directors. Sairah Burki, Senior Policy Director at SFIG, will lead the SFIG Foundation as Executive Director. She will maintain her current role with SFIG. "I am honored to have the opportunity to lead the important work of the SFIG Foundation. I'm particularly excited to work with Mentor Foundation USA and Scholarship America, thereby increasing the access of underserved youth to educational opportunities. I'm also confident that the scholarship recipients will benefit for many years to come from our membership network."
The SFIG Foundation will hold its first annual fundraising event on January 19, 2017 in New York City at The Plaza. Additional information on the event can be found at sfindustry.org/Foundation.
About Mentor Foundation USA
Mentor Foundation USA's mission is to prevent drug abuse among youth while helping them identify and pursue their goals. Mentor Foundation USA is an affiliate of Mentor International, which was founded in 1994 by Her Majesty Queen Silvia of Sweden and the World Health Organization. Mentor International works to prevent drug abuse among youth while helping them identify and pursue their life goals. It operates as a Federation with national chapters in the United States, United Kingdom, Sweden, Lithuania, Latvia, Germany, Colombia, Denmark, and a regional operation in Lebanon, which includes 22 Arab League countries. Collectively, Mentor International has implemented projects in over 80 countries and impacted more than 6 million lives.
About Scholarship America
For more than 50 years, Scholarship America has worked directly with students, parents, colleges, businesses and communities to empower people to fulfill their college dreams. As the nation's largest nonprofit, private-sector scholarship and education support organization, having distributed over $3.1 billion to more than 2 million students, Scholarship America is now working to further engage the private sector to support programs and policies that advance equity in postsecondary education and help students overcome barriers to access, persistence and attainment.
About Structured Finance Industry Group, Inc.
Structured Finance Industry Group, Inc. ("SFIG") is a member-based, trade industry group focused on improving and strengthening the broader structured finance and securitization market. SFIG provides an inclusive network for securitization professionals to collaborate and, as industry leaders, drive necessary changes, be an advocate for the securitization community, share best practices and innovative ideas, and educate industry members through conferences and other programs. Members of SFIG represent all sectors of the securitization market including issuers, investors, financial intermediaries, law firms, accounting firms, technology firms, rating agencies, servicers, and trustees. Further information can be found at www.sfindustry.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/structured-finance-industry-group-forms-charitable-foundation-300330056.html
SOURCE Structured Finance Industry Group, Inc.