Apollo Opportunity Foundation renews partnership with GWI to invest in the longevity and retention of individuals who are underrepresented in the investment industry
New York, March 8, 2024–(BUSINESS WIRE)–Girls Who Invest (GWI), a nonprofit organization dedicated to transforming the investment management industry by attracting and promoting women and non-binary investors, changemakers, and leaders, is a 200% We are proud to announce a $1 million grant from the Apollo Opportunity Foundation (AOF) in recognition of the organization's accomplishments and impact on efforts to diversify the investment management industry. The $1 million annual commitment over the next two years will continue to build on GWI's momentum. Launched in 2022 with her $100 million investment from Apollo Global Management, AOF will invest capital and invest in career education, workforce development, and economic empowerment for Apollo employees to transform the world. We aim to expand opportunities in the middle community.
The new $2 million grant will support the growth of existing GWI core programs and new initiatives focused on retaining and promoting women and non-binary investors working full-time in the industry. As part of AOF's contributions to her GWI community, Apollo Opportunity Foundation will join her GWI Leadership Circle, a group of leading investment firms and partners established in March 2023. The GWI Leadership Circle is committed to jointly investing in the long-term retention and advancement of women and non-women. – Binary individuals in investment management.
“This important commitment from the Apollo Opportunity Foundation affirms our firm's belief in expanding opportunity to as many individuals as possible and will meaningfully advance our scholars, alumni, and programs.” In addition to the financial generosity of Apollo, we couldn't be more grateful to Apollo's employees for their active commitment to our mission and the company's participation in the GWI Leadership Circle. We are grateful for this,” said Kathryn Joron Kolscher, President and CEO of Girls Who Invest. “It is essential that our growing number of more than 2,500 alumni have the resources, community, and support they need to advance throughout their careers, and partnerships like this one with the Apollo Opportunity Foundation continue to advance our vision of growing to more than 30 alumni. It gives us the power we need to move forward. By 2030, % of the world's investable capital will be controlled by women and non-binary individuals.”
“Apollo Opportunity Foundation is proud to work with organizations that reflect our important pillars of career education, workplace development, and economic empowerment,” said the foundation's director of global citizenship. said Lauren Cope Arnold, Executive Director. “Building on our commitment to making a long-term impact in our community, we are excited to support the work of Girls Who Invest.”
About Investing Girls
Girls Who Invest (GWI) is a nonprofit organization dedicated to transforming the investment management industry by attracting and promoting women investors, changemakers, and leaders. GWI accomplishes this through a tuition-free education program for first-year college students and their second-year students. Once scholars complete the program, GWI provides career advisory services, community building, and connections to graduates at every stage of their career, with a focus on long-term professional development, retention, and advancement. We believe, and our research shows, that promoting diverse investors brings unique perspectives to the industry that were previously excluded, leading to improved performance. To date, GWI has reached over 2,500 young people in just her 8 years. For more information, visit GirlsWhoInvest.org.
About Apollo Opportunity Foundation
Founded in 2022, the Apollo Opportunity Foundation (AOF) builds on Apollo Global Management's commitment to expanding opportunity across workplaces, markets, and the communities in which it operates. AOF was founded with $100 million to invest in nonprofit organizations that work to promote economic prosperity across his three main pillars: career education, workforce development, and economic empowerment. it was done. AOF leads an employee-led approach and partners with Apollo employee-supported organizations to expand opportunity for everyone.
About Apollo
Apollo is a high-growth, global alternative asset management company. Our wealth management business focuses on his three investment strategies: yield, hybrid, and equity, and strives to provide our clients with excess returns across the spectrum of risk and reward, from investment grade stocks to private equity. . For more than 30 years, our investment expertise across a fully integrated platform has served our clients' financial return needs and provided innovative capital solutions to grow their companies. Through our retirement services business, Athene, we specialize in helping our clients achieve financial security by offering a range of retirement savings products and serving as a solution provider to financial institutions. I am. Our patient, creative and knowledgeable investment approach expands opportunities and achieves positive outcomes for our customers, the companies we invest in, our employees and our impact. Coordinate your community. As of December 31, 2023, Apollo had approximately $651 billion in assets under management. For more information, please visit www.apollo.com.
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