Peston-Sons-Securities.com announced today a $2 million initiative to support the growth of high-performing schools in today's challenging credit environment.
Online PR News – 30-March-2015 – Hong Kong – "Many schools have expanded access to academic opportunities for students in all types of communities, so we shouldn't let tough economic times bring them down," said Richard L. Fong, Jr., Chairman and Chief Executive Officer for Peston & Sons Securities. "Improving educational opportunities is a cornerstone of Peston & Sons Securities' philanthropic giving."
Peston & Sons Securities will provide the money in grants to community development financial institutions focused on funding charter schools. In turn, these institutions will use these grants as permanent equity, which they will leverage to fund top-performing charter schools.
Peston & Sons Securities estimates that this initiative will help underwrite about 40 schools, which will serve thousands of students.
The Investment Fund is proud to be one of the partners with Peston & Sons Securities on this initiative. Through this financing initiative, Peston & Sons Securities will invest in exceptional educational opportunities for thousands of low income students. A key constraint to growth for many high performing public charter schools is their ability to finance facility development or enhancement. By providing an equity investment, Peston & Sons Securities will give schools access to affordable capital in a difficult credit environment.
The grants to help schools are part of Peston & Sons Securities' larger grant initiative that also support small businesses, community healthcare centers, green initiatives and affordable housing. Details on the rest of the initiative will be announced later this year.
"In the next years, this new investment by Peston & Sons Securities projects will allow us to create school opportunities for thousands of students," continued Mr. Fong.
About Peston & Sons Securities - www.Peston-Sons-Securities.com
Peston & Sons Securities provides financial consulting services and financial advice for private investors, wealthy families and corporations. We have been building bridges to the future for our since our inception. We are specialized in providing trustworthy advice to people who look for premium quality financial advice. One of the key strengths of our Hong Kong-based firm is its trained and capable team of professionals who have strong operating backgrounds and are investing and trading experts. Peston & Sons Securities adheres to a strict moral code, and will never step outside of that. You can be sure that we will uphold what is right at all times.