NEW YORK, Oct. 9, 2013 /PRNewswire/ -- Youth, I.N.C. (Improving Nonprofits for Children) announced today that Canaccord Genuity, the global capital markets division of Canaccord Genuity Group Inc. (CF: TSX | CF.: LSE) will sponsor the Eighth Annual Trading Day for Kids, a fundraising event that provides a vehicle for institutional investors to improve the lives of at-risk children and youth. On October 23, Canaccord Genuity will donate 100 percent of designated net commissions on cash equities, agency options, and electronic trades to Youth, I.N.C. Proceeds from Trading Day for Kids will benefit Youth, I.N.C.'s 51 nonprofit partner organizations and thousands of kids in need across New York City. In 2012, Canaccord Genuity's sponsorship of Trading Day enabled Youth, I.N.C. to raise $1 million.
Since its inception in 2006, Trading Day for Kids has enlisted the support of nearly 500 hedge funds and has raised more than $8.6 million for Youth, I.N.C.'s capacity-building programs.
"We are proud to extend our partnership with Youth, I.N.C. and support such a worthwhile organization. Through its close association with distinctive Wall Street partners, Youth, I.N.C.'s unique business model enables innovative nonprofits to become financially sustainable and serve a greater number of youth," said Daniel Daviau, President of Canaccord Genuity's U.S. Investment Banking Operations. "We are glad to partner with Youth I.N.C. once again to continue to support NYC kids."
Along with Trading Day for Kids, Canaccord Genuity will also host a "Mentor Day" on October 21. Twelve high school students representing Creative Arts Workshops for Kids, one of Youth, I.N.C.'s partner organizations, will spend the afternoon at Canaccord Genuity meeting with senior executives and attending a panel discussion about various jobs across the financial services industry."It is an honor to have a firm of Canaccord Genuity's calibre support our Trading Day for Kids initiative for the second year in a row," said Steve Orr, Executive Director and Founder of Youth, I.N.C. "Their commitment to our mission of linking talent and resources from the for profit sector with promising nonprofits is unwavering, and we are truly grateful for their steadfast support to improve the lives of deserving youth in New York City." To commemorate Trading Day for Kids, Youth I.N.C. and Canaccord Genuity will ring the Closing Bell at NASDAQ on October 23. For more information about participating in Trading Day for Kids on October 23, please visit http://www.youthinc-usa.org/tradingday.