Piper Jaffray Foundation Supports Community Development, Affordable Housing Organizations

In its first round of grantmaking in 2005, and its second year of grantmaking as an independent public company, the Piper Jaffray Foundation, Minneapolis, supported strong communities whose programs focus on community/economic development and affordable housing. The foundation awarded $172,500 in grants to 37 nonprofit organizations across the firm’s geographic regions.

"We are delighted to support key partners," said Andrew Duff, chairman and chief executive officer of Piper Jaffray Companies. "These partners are vital to our communities in which we live and work."

Piper Jaffray awarded grants to organizations that develop affordable housing, work to revitalize local economies and provide economic opportunity for low-income residents. In addition to organizing programs that address the common interests of multiple geographic neighborhoods, other selection criteria included organizations that coordinate and support volunteers to conduct local neighborhood improvement projects, such as painting homes and park clean-up. 

The Piper Jaffray Corporate Community Involvement Council guides the overall involvement efforts and makes funding decisions in the Twin Cities. Local decision making resides with the firm’s Regional Community Involvement Councils. In addition, Piper Jaffray has made a commitment to contribute five percent of its pre-tax earnings to charity each year through a combination of cash contributions, in-kind contributions and volunteer hours.

For additional information and a complete list of the grants, visit Piper Jaffray’s Web site.

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