Alger Extends Additional Support to Local Organizations Promoting Social Justice and Equality
Alger announced a contribution of $160,000 to charities that focus on social justice or are dedicated to addressing inequality. The donations are made in memory of the 35 colleagues we lost on September 11th.
NEW YORK, Oct. 12, 2021 /PRNewswire-PRWeb/ -- Fred Alger Management, LLC ("Alger") today announced a contribution of $160,000 to charities that focus on social justice or are dedicated to addressing inequality.
These donations are made in memory of the 35 colleagues we lost on September 11th. This is the second consecutive year that Alger has donated to these worthy causes.
"Employee engagement in social and charitable causes is an important part of our culture at Alger. I am proud to say that our firm prioritizes giving back to organizations that are helping to improve our communities and the world," said Alger CEO and Chief Investment Officer Dan Chung.
The following non-profit organizations will receive $10,000 each from Alger:
- All Stars Project
- Avenues for Justice
- Black Economic Council of Massachusetts (BECMA)
- Brooklyn NAACP
- Equal Justice Initiative
- Jay Heritage Center
- New Jersey Institute for Social Justice
- New York Civil Liberties Union
- NYC Anti-Violence Project
- The ACLU Foundation of Massachusetts
- The Boston Racial Equity Fund
- The Bronx Defenders Bail Reform Initiative
- The Brooklyn Hospital Center
- The Initiative for a Competitive Inner City
- The Knowledge House
- The NAACP Legal Defense and Educational Fund
"Since the tragic events of September 11, 2001, we continue to honor our lost colleagues by supporting causes important to them and to our Alger employees today, 20 years later. I believe that we can all contribute to a better America by embracing and encouraging equality, giving back to our communities and improving the environment, as our future as a nation depends on it," Dan said.
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 supporting those who are underserved. Alger's Candlelight Giving Program, established in 2007, is managed by Alger personnel with the goal of creating meaningful volunteer opportunities and enabling the firm to positively engage with the community. For a full list of Alger's charitable efforts, visit Alger's website.
About Alger
Founded in 1964, Alger is widely recognized as a pioneer of growth-style investment management. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. The firm's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for over 50 years. Weatherbie Capital, LLC, a Boston-based investment adviser specializing in small and mid-cap growth equity investing is a wholly-owned subsidiary of Alger. For more information, please visit http://www.alger.com.
Media Contact
Scott Anderson, Alger, 2128062972, [email protected]
Sheila Kulik, Prosek, 203-745-2523, [email protected]
SOURCE Alger
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