Caritas Partners Announces HEART 9/11 as First “Buyback to Give Back” Charity Partner
Disaster Relief Non-Profit Joins Wall Street Company on Social Mission
NEW YORK, April 23, 2014 – In its efforts to pair fiscal responsibility with social responsibility, Caritas Partners has formed a partnership with HEART 9/11, an organization committed to responding to disaster-stricken communities in crisis and to building accessible housing for wounded U.S. veterans.
Through the joint venture, companies working with Caritas Partners have the option of making a financial contribution to support the work HEART 9/11 is doing assisting communities facing crisis. By selecting Caritas Partners to execute a buyback (through Caritas parent broker/dealer du Pasquier & Company, Inc.), companies can choose to donate a minimum of 15 percent – up to 50 percent – of commissions to either HEART 9/11 or another charity or foundation of their choice. Caritas will also contribute 100 percent of commissions generated during the first day of trading to the client’s preferred charity.
“Both Caritas and HEART 9/11 were derived from the same core: a long history of expertise in a given field and a commitment to giving back and making our communities better,” said Bill Keegan, president and founder of HEART 9/11. “For us, it’s using our emergency response skills and training to assist those in need, and for Caritas, it’s leveraging decades of financial expertise trading billions of dollars and knowing how the market works. We are thrilled to align ourselves with Caritas Partners in offering companies a new way to think about giving.”
“I can’t think of a better collaborator for Caritas Partners than HEART 9/11, a group formed after September 11, 2011 whose volunteers – drawn from the FDNY, NYPD, Port Authority Police Department and NYC Building Trade Members – have come to define the safety, security and spirit of New York City,” said Richard C. Naso, founder and chief executive officer of Caritas Partners. “Companies now have a streamlined way to contribute to charities like HEART 9/11 as part of the regular business transactions that happen every day.”
Donating a portion of financial commissions – at no additional cost to the corporate client – is an option no other company currently offers as a platform, day in and day out. With buyback authorizations topping $755 billion last year and the interest in repurchases continuing in 2014, buybacks have been healthy for companies and shareholders – and through Caritas Partners, they can now be beneficial to social causes.
About Caritas Partners
Caritas Partners is the first company of its kind – a Wall Street firm focused on both shareholder value and social value. Operating as the goodwill division of global broker/dealer du Pasquier & Company and led by a seasoned executive trading team, Caritas uses traditional share repurchases as instruments of social change, by donating a portion of the commission to a charity of the client’s choosing. Its distinctive “Buyback to Give Back” program is a new way to be fiscally and socially responsible in the same transaction, maximizing value for the company and the community. Bottom line, Caritas Partners champion capitalism on a mission. For more information on Caritas Partners and its innovative “Buyback to Give Back” program, please visit www.caritaspartnersllc.com.
About du Pasquier & Co., Inc.
Founded in 1937, du Pasquier & Company has more than 40 employees located in New York and Paris. As a multi-disciplined, cross border financial services boutique, du Pasquier offers a variety of services to professional and high-net-worth clients including: Asset Management; Brokerage and Risk Management; Investment Banking and Capital Placement; and Institutional Private Equity Placement. du Pasquier Asset Management is a SEC-registered investment advisor.
About HEART 9/11
Founded in 2007, HEART 9/11 is now over 400 strong – FDNY, NYPD, PAPD, NYC Building Trade Members and surviving family members of those killed on September 11, 2001– an expert led, volunteer driven non-profit disaster relief organization committed to rebuilding lives. We do so in two ways: responding to disaster-stricken communities in crisis, and building accessible housing for wounded returning veterans, who continued the fight that began on September 11, 2001. In addition to extensive work at the World Trade Center, HEART 9/11 has responded to situations including in the bayous of Louisiana, the plains of Oklahoma, the streets of Port Au Prince, Haiti, and local communities following Hurricane Sandy. For more information on HEART 9/11, please visit http://www.heart911.org.
CooperKatz & Company
CooperKatz & Company