In honor of Veterans Day and in support of the brave men and women serving in the U.S. Armed Forces, we are happy to make a contribution to non-profit organizations committed to helping veterans.
New York, NY (PRWEB) November 11, 2015
Fred Alger Management, Inc. (“Alger”), a leading asset management firm, today announced the contribution of $51,000 to five veteran charitable organizations in honor of Veterans Day, representing $1,000 for every year since the firm’s founding in 1964. The donations will be made to Disabled Veterans Charitable Service Trust, Fisher House Foundation, Homes for Our Troops, ThanksUSA, and Wounded Warrior Project.
Each of these non-profit organizations is dedicated to providing the support that military veterans need, including free or low-cost lodging for veterans and their families, scholarships for the children and spouses of U.S. military personnel, physical and psychological rehabilitation programs, and building specially adapted homes for disabled veterans.
“In honor of Veterans Day and in support of the brave men and women serving in the U.S. Armed Forces, we are happy to make a contribution to non-profit organizations committed to helping veterans,” said Dan Chung, Chief Executive Officer and Chief Investment Officer of Alger. “Each day we come to work, Alger and our employees benefit from the veterans who either have served or are currently serving our nation. The contribution of $51,000, a symbolic representation of our proud 51-year history, is just one small way to support those who have dedicated their lives to serve and to protect our country. On behalf of all Alger employees, we thank and gratefully acknowledge the contribution and sacrifices of our armed services men and women, and their families," added Dan.
Alger’s charitable efforts, including the Alger Candlelight Giving Program and the firm’s Matching Gift Program, are additional ways that Alger and its employees are dedicated to giving back to the community and to those who are less fortunate. In 2015 alone, the Program contributed to over 50 charities. Alger’s Candlelight Giving Program, which was established in December 2007, is managed by Alger’s employees with the goal of creating volunteer opportunities for our employees and giving to those who are less fortunate. For a full list of Alger’s charitable efforts, visit http://www.alger.com/charitablegiving.
About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of September 30, 2015, managed more than $20 billion. Alger's investment philosophy is focused on discovering companies undergoing Positive Dynamic Change, which we believe offer the best investment opportunities. Alger investment strategies are available to institutional investors through separate accounts and mutual funds and to retail investors through Alger mutual funds. Fred Alger & Company, Incorporated, a broker-dealer and the parent company of Fred Alger Management, Inc., offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit http://www.alger.com.