Alger Extends Support to Local Organizations Promoting Social Justice and Equality

NEW YORK, Aug. 24, 2020 /PRNewswire-PRWeb/ -- Fred Alger Management, LLC ("Alger"), its affiliated entities, and its employee-supported charitable initiative, the Alger Candlelight Giving Program, today announced a contribution of $150,000 to charities that focus on social justice or are dedicated to addressing inequality, along with an employee matching program for these same organizations.

"We have been deeply committed to bettering our community for much of our history and as a way of helping our neighbors, we have targeted our campaign to the local chapters of national organizations that are on the forefront of social justice issues," said Dan Chung, CEO and chief investment officer of Alger. "I believe that we can all be part of a better America by doing what each of us can, in both our personal and professional lives, to embrace and encourage equality," he added.

The following non-profit organizations will receive $10,000 each from Alger:

• Equal Justice Initiative
• The Bronx Defenders Bail Reform Initiative
• Brooklyn NAACP
• New York Civil Liberties Union
• Jay Heritage Center
• All Stars Project
• New Jersey Institute for Social Justice
• Avenues for Justice
• NYC Anti-Violence Project
• The Knowledge House
• The NAACP Legal Defense and Educational Fund
• The ACLU Foundation of Massachusetts
• The Boston Racial Equity Fund
• The Initiative for a Competitive Inner City
• Black Economic Council of Massachusetts (BECMA)

In addition to the firm donations, Alger has expanded its employee matching program. The firm will match charitable donations up to $10,000 per Alger employee to any of the above-listed organizations.

"I am hopeful that we are witnessing the catalyst of dramatic change for the better," Dan said.

Alger's charitable efforts, including the Alger Candlelight Giving Program and the firm's Matching Gift Program, are further ways that Alger and its employees are dedicated to giving back to the community and to those who are less fortunate. Alger's Candlelight Giving Program, established in 2007, is managed by Alger personnel with the goal of creating meaningful volunteer opportunities and enabling the firm to positively engage with the community. For a full list of Alger's charitable efforts, visit http://www.alger.com/charitablegiving.

About Alger
Founded in 1964, Alger is widely recognized as a pioneer of growth-style investment management. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. The firm's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for over 50 years. Weatherbie Capital, LLC, a Boston-based investment adviser specializing in small and mid-cap growth equity investing is a wholly-owned subsidiary of Alger. For more information, please visit http://www.alger.com.

SOURCE Alger