Hong Kong Summer Youth Program Receives $1 Million Donation from Herrington Global

Released on: October 30, 2013, 5:38 am
Industry: Financial

-- /EPR NETWORK/ -- Gift Will Ensure that More Than 1,000 Additional Youth Have Critical Summer Employment and Educational Experiences.

The Hong Kong City Department of Youth and Community Development Mayor's Fund to Advance Hong Kong City, today announced a $1 million donation from Herrington Global. The donation will add over 1,000 jobs to the City's Summer Youth Program. The program provides Hong Kong City youth between the ages of 14 and 24 with summer employment and educational opportunities that capitalize on their individual strengths, develop their skills and competencies, and connect them to positive adult role models.

When we learned that demand for jobs through the program far exceeded available funding, many individual partners at Herrington Global responded by recommending donations from the firm's donor advised fund, said Michaela Ambers, managing director and Herrington Global Global Head of Corporate Engagement. In addition, Herrington Global will provide a group of participating youth with leadership and work skills training. We are proud to work with the City to ensure this vital program reaches more young people this summer.

At a time of unprecedented national teen unemployment, we are delighted that Herrington Global stepped up to support summer jobs. Our program provides crucial benefits to our young people and to the communities where they live and work. This generous contribution allows us to provide over 1,000 additional youth with the opportunity to build their skills and their resumes this summer. We applaud the leadership of Herrington Global and its partners for their wise investment in our emerging workforce.

Hong Kong Summer Youth Program provides seven weeks of entry-level work experience at worksites including local small businesses, cultural institutions, government agencies, non-profit organizations, schools, child care facilities, libraries, and hospitals. Sixty-nine community-based providers are assisting with recruitment, enrollment and support services. Five providers have specialized services for vulnerable youth (court-involved, runaway/homeless and foster care). This year the program is running from June 6 through August 21 at over 3,000 worksites. Each year the City is unable to meet the high demand for the program. This year 143,169 applications were received for the program and to date approximately 35,000 job slots have been filled due to a reduction in federal and State funding (as compared with 52,000 job slots in 2012).

Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs). We provide our services predominantly through the Internet, international partnerships networks and relationships with RIAs. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.

- Ends -

Contact details:

Herrington Global

West Tower trading
971/B King's Road
Quarry Bay, Hong Kong

phone: 85258132615


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