Philadelphia, July 1, 2013– Mayor Michael A. Nutter, joined by Goldman Sachs Executive Vice President John F.W. Rogers and Philadelphia Youth Network President and CEO Stacy Holland, announced a $375,000 donation from Goldman Sachs Gives, the firm’s donor-advised fund, to WorkReady Philadelphia for the 10,000 Summer Jobs Challenge, a city-wide initiative to increase the number of WorkReady enhanced summer jobs offered to Philadelphia youth, ages 14-21.
“The enhanced jobs offered by WorkReady help young Philadelphians gain the valuable real world work experience and practical knowledge needed to be competitive in the changing 21st century global economy. I challenged businesses, non-profits and individuals to step up and contribute to the 10,000 Summer Jobs Challenge to create more high quality opportunities for our young people,” said Mayor Nutter. “I want to thank Goldman Sachs Gives for its generous contribution to the WorkReady program and for its commitment to expanding educational and employment opportunities.”
Goldman Sachs Gives’ $375,000 donation is the largest business sector donation to WorkReady this year. It will contribute to the more than 7,600 summer jobs available for Philadelphia youth through the program. Goldman Sachs Gives has funded a similar summer jobs program in other cities in the past and, this year, is funding programs in several additional cities that have demonstrated strong management and strong leadership.
“Summer jobs provide young people with invaluable lessons and skills for their future careers, contributing to the vibrancy of the local economy,” said John F.W. Rogers, Executive Vice President of Goldman Sachs. “Building on the partnership we announced with the city of Philadelphia earlier this year through our 10,000 Small Businesses program, we are proud to work with Mayor Nutter and the Philadelphia Youth Network to fund 250 jobs in the city during summer 2013.”
In January, Mayor Nutter kicked-off the 10,000 Summer Jobs Challenge to increase the number of WorkReady internships after early projections indicated funding for less than 5,000 jobs. For summer 2012, WorkReady provided more than 6,800 opportunities.
“Throughout Mayor Nutter’s 10,000 Summer Jobs Challenge we have seen a tremendous response from the business community, and this investment from Goldman Sachs Gives is no exception,” said Stacy Holland. “Investing in WorkReady Philadelphia not only impacts the lives of young people in our City, but also the future economic vitality of our region.”
About WorkReady Philadelphia
WorkReady Philadelphia is the city’s workforce preparation system for youth and young adults, supported by investments from government, local and national philanthropies, and Greater Philadelphia employers. WorkReady is overseen by the Philadelphia Council for College and Career Success, a subcommittee of Philadelphia Works board. Philadelphia Youth Network (PYN) serves as the managing partner and works with over 50 organizations to operate WorkReady programs across the city.
About Goldman Sachs Gives
Goldman Sachs Gives is a donor-advised fund through which Goldman Sachs and its senior employees can recommend grants to qualified non-profit organizations globally. Established in 2007, Goldman Sachs Gives supports charities in communities around the world with a focus on benefiting underserved populations. Its grants support programs that build and stabilize communities, increase educational opportunities, honor service and veterans, and create jobs and economic growth.