CHICAGO, Jan. 9, 2013 /PRNewswire-USNewswire/ -- Teza Technologies announces it raised $235,000 for global nonprofit buildOn through a matching gift grant of $100,000. The funds will be used to support buildOn's Afterschool Service Programs in under-resourced Chicago Public High Schools, and to build two schools in Malawi, Africa.
buildOn's Afterschool School Service Programs empower at-risk Chicago public high school students to transform their neighborhoods through intensive community service. The program also takes two students from each afterschool program to build schools in some of the poorest countries on the planet, including Haiti, Nepal, Nicaragua, Malawi and Senegal.
The donation will fund the construction of two schools in rural Malawi villages, where there is a desperate need for education. Consistently ranked among the world's 20 least developed countries on the UN's Human Development Index, Malawi has long been challenged by economic stagnation and a lack of access to education. The schools will provide over 200 children in rural villages with a clean, safe place to learn. Additionally, through a partnership with each village, buildOn will ensure that at least half of the school's students are female.
"At Teza, we believe everyone deserves a chance at a quality education, and that is why we are proud to support buildOn's programs. Whether creating afterschool activities in Chicago or building the schools themselves in East Africa, buildOn has an unparalleled record of helping young people achieve academic success," said Misha Malyshev, CEO of Teza Technologies.
Teza Technologies matched all donations made to buildOn's Breaking the Cycle Campaign (www.buildon.org/itstartshere/) up to $100,000. By supporting the campaign, the company generated new support for buildOn's mission to break the cycle of poverty, illiteracy and low expectations through service and education.
"Every day 7,000 American students drop out of high school. But, when urban youth realize the power they have to change lives, they elevate expectations for their communities and for themselves," said buildOn CEO and Founder Jim Ziolkowski. "In 2011, 94% of buildOn students not only graduated from high school, but went on to college. The support of Teza Technologies allows us to empower even more students to change their lives, their communities and our world."
About Teza Technologies
A Global Quantitative Trading Firm Based On Talent, Science and Innovation. Learn more at www.teza.com.
At home or abroad, buildOn's goal is to break the cycle of poverty, illiteracy and low expectations through service and education. In the U.S., buildOn empowers urban youth to transform their neighborhoods through intensive community service and to change the world by building schools in some of the economically poorest countries in the world. Internationally, buildOn is breaking ground on a new school every five days in Haiti, Nicaragua, Nepal, Senegal, Malawi, and Mali. Our students have contributed over 1 million hours of service in the U.S., and have helped build more than 500 schools around the world. For more information, visit www.buildon.org.
SOURCE Teza Technologies and buildOn