The grant will fund work placement initiatives for 290 high-barrier veterans; investment banking relationships with state of california, Los Angeles County donation made possible
MELVILLE, NY, May 24, 2022 /PRNewswire/ — American Veterans Group (AVG), through its investment banking relationship with the state of california and Los Angeles Countyawarded a grant to JVS SoCal, a Los AngelesNonprofit organization that provides programs to support, train, and place high-barrier veterans in successful gainful employment.
AVG’s grant will provide support for the JVS Veterans First program, which will enable the organization to bring 290 Los Angeles County, high-barrier veterans through its job readiness and job placement program. The grant was made possible through the state of california and Los Angeles County chose AVG as co-manager on a number of bond issues over the past year.
AVG, a social impact investment bank and Wall Street’s first and only public benefit corporation, dedicates 25% of its profits to supporting veterans’ causes. The company directs its philanthropy to the communities where it does business.
“Our support for JVS SoCal demonstrates how state and county decisions to partner with us translate into meaningful support for veterans living in the Los Angeles region,” said Ben Biles, co-founder and CEO of American Veterans Group. “JVS SoCal’s career readiness and training program for veterans aligns with our mission at AVG to help post-9/11 veterans successfully transition to civilian life and find rewarding careers after their retirement. military service.”
Including the grant to JVS SoCal, AVG, since its inception, has donated more than $412,000 to 31 non-profit organizations that support job training, internships and apprenticeships for veterans. Donations directly supported transitioning veterans in 36 communities across the United States
“Veterans face multiple barriers to career success, and grants like this one from the American Veterans Group allow JVS SoCal to continue to help them maximize their earning potential,” said Alan Levey, CEO of JVS SoCal. “This grant will have a positive impact on our work and every dollar donated will go toward helping veterans find jobs.”
About the American Veterans Group
American Veterans Group, PBC, is a military veteran-owned, social impact-focused broker that delivers value to institutional clients while providing meaningful philanthropic support to the military veteran community. The company reinvests 25% of its revenue into national and local military veteran nonprofit organizations that provide dignified services and support to one of the most vulnerable and at-risk populations in the United States. As Wall Street’s only public benefit corporation, American Veterans Group connects its institutional clients with its social mission while allowing them to stay focused on key business objectives. To learn more about American Veterans Group, visit their website at www.americanvetsgroup.com.
About JVS SoCal
Founded in 1931, JVS SoCal is a nonprofit, nonsectarian social service agency, providing job training, career services, mentorship, and job placement assistance to diverse, multicultural populations, transforming lives and empowering individuals to achieve dignity and economic independence through sustainable employment. With more than 20 locations in Southern California, JVS SoCal currently serves 40,000 to 50,000 customers annually in Los Angeles, RiversideSan Bernadino and Orange counties.
For the American Veterans Group
SOURCE American Veterans Group