RBC Capital Markets Raises More Than $1 Million for Youth Inc Through Inaugural "RBC Trade for the Kids" Trading Day
Jun 12, 2015, 12:47 ET
NEW YORK, June 12, 2015 /PRNewswire/ - RBC Capital Markets, the corporate and investment banking division of the Royal Bank of Canada (RY on TSX and NYSE), today announced that it has raised more than $1million to benefit Youth INC.
The funds were raised on June 11, 2015, as part of the first-ever RBC Trade for the Kids trading day, when the firm donated 100 percent of the net proceeds raised by its U.S. Equity desk to Youth INC to benefit their network of 57 grassroots charities that serve over 150,000 children in New York City.
RBC is also partnering with Youth INC on the "RBC Race for the Kids" which will take place in downtown Manhattan on Saturday, October 17, 2015. This family event will involve a 5K race, a multi-event team challenge and kids' entertainment. The relationship between RBC Capital Markets and Youth INC extends beyond fundraising: RBC employees are directly involved in supporting the grassroots charities in the Youth INC nonprofit network.
Commenting on the success of the event, Bobby Grubert, Head of U.S. Equities, said: "We are proud to be partnering with a cause as worthy as Youth INC, and are pleased that our team was able to raise more than $1 million to benefit New York City kids. With over 3,000 people in New York and New Jersey, RBC is committed to supporting causes that benefit our community at the grass-roots level, particularly those relating to children. We are grateful to both our clients and our employees for supporting us in this endeavor."
Rehana Farrell, Executive Director of Youth INC said, "It is a privilege to have a partner like RBC. They bring genuine passion and enthusiasm to helping New York City's kids. At Youth INC, we believe that poverty should not limit potential. RBC shares that belief and is committed to making a difference in our community. On behalf of our 57 nonprofit partners and over 150,000 kids in their programs, we thank RBC for their hard work and generous support."
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of the Royal Bank of Canada. RBC Capital Markets is a premier investment bank that provides a focused set of products, services and expertise to corporations, institutional investors and governments around the world. With over 7,000 professionals in 15 countries, we deliver our products and services to clients in over 100 countries through operations across North America, Europe and the Asia-Pacific region. For more information, please visit www.rbccm.com.
About Youth INC
Youth INC supports grassroots nonprofits that help New York City kids who have the potential, but not the opportunities that can change their lives-and our city's future. Youth INC's unique venture philanthropy model helps the city's best-run, laser-focused youth nonprofits with the content, connections and capital that can best help our kids. Since inception, Youth INC has raised more than $55 million to empower over 130 nonprofits and impact the lives of more than 600,000 youth. For more information, please visit youthinc-usa.org.
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