Youth INC and Private Equity Leaders Raise Over $650,000 to Support Signature Venture Philanthropy Model Benefiting New York City Kids at 8th Annual State of the Market Conference
NEW YORK, June 19, 2015 /PRNewswire-USNewswire/ -- More than 250 senior private equity, hedge fund and investment professionals gathered yesterday for Youth INC's 8th Annual State of the Market Conference in New York City. Presented by RBC Capital Markets, Reed Smith, and CNBC, the conference is one of Youth INC's signature fundraising events and has become an important event for private equity and investment professionals. The Conference is an opportunity for Youth INC to provide a content-rich forum for financial leaders, while raising essential capital for their unique Venture Philanthropy model.
The Conference featured keynotes from David Rubenstein, Co-Founder of the Carlyle Group, Eric Cantor, Vice Chairman of Moelis & Company and former House Majority Leader and Ken Moelis, Chairman & CEO of Moelis & Company.
The one-day event raised over $650,000 for Youth INC, which supports 57 youth-serving non-profit organizations in New York City through their Venture Philanthropy Model.
Youth INC's Venture Philanthropy model uses a rigorous screening process to identify and partner with the most promising youth-serving nonprofits to develop robust fundraising capabilities, make influential connections, and issue grants that accelerate growth and drive sustainable scale. The participating nonprofits average a 168% increase in budget size, a 120% increase in the number of youth served and a 45% increase in board size over the life of the partnership. Since 1995, this proprietary model has helped raise over $55 Million for participating nonprofits, enabling them to improve the lives of more than 600,000 New York City youth.
Since inception, the State of the Market Conference has raised more than $2,000,000 to support Youth INC's mission by giving attendees the opportunity to hear from keynote speakers and panelists on the changing market conditions. Panels focused on limited partners, cyber risk, activist investors, and on identifying trends in the energy and healthcare investment markets.
The Conference was supported by Presenting Sponsors, RBC Capital Markets, Reed Smith, and CNBC; Platinum Sponsors, Alvarez & Marsal, Kirkland & Ellis, Marsh, Ropes & Gray, and Zurich, along with other corporate and individual sponsors. All of the funds raised through the State of the Market Conference support Youth INC and its mission to improve the lives of New York City youth.
To learn more about the State of the Market Conference and this year's speakers and panelists, visit www.StateoftheMarket.org.
About Youth INC:
Youth INC's unique Venture Philanthropy model strengthens the city's best-run, laser-focused youth nonprofits with the mentorship, connections and capital that accelerate growth and provide sustainable scale. Since 1995, Youth INC has raised more than $55 million for our nonprofit partners, empowered over 130 nonprofits, and impacted the lives of more than 600,000 New York City kids. To learn more, visit www.youthinc-usa.org
Media Contact:
Bill Kelly
Youth INC
212-812-2308
[email protected]
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