PHILADELPHIA - The Philadelphia Fund Alliance (PFA), a group of Philadelphia-based asset management industry professionals, is pleased to announce that it raised $125,000 at its annual fundraising gala on Nov. 3, benefiting Commonwealth Youthchoirs, a nonprofit organization headquartered in Germantown that transforms the lives of young people through the power of music. Since its inception in 2016, PFA has raised close to $600,000 for Greater Philadelphia area charities.
“Our gift to Commonwealth Youthchoirs will impact the lives of hundreds of children in the Greater Philadelphia area,” said Bruce Leto, PFA steering committee member and co-chair of Stradley Ronon’s investment management group. “Thank you to all of the PFA steering committee members and sponsoring companies for your generous support!”
"The donation from the Philadelphia Fund Alliance provides life-changing opportunities for deserving young singers," says Mary Kate McGrath, vice-chair of Commonwealth Youthchoirs Board of Directors. "Performing in major venues like the Kimmel Center or Carnegie Hall, traveling internationally, meeting world leaders … for children in our community who might not otherwise have access to these types of experiences, $100,000 has tremendous impact."
PFA was founded in 2016 with a mission to benefit charities in the Greater Philadelphia area while also celebrating the region’s deep roots in the registered funds, asset management and alternative assets industries. Last year, the event raised a total of $100,000 for Friends of the Wissahickon --a 2,700-member nonprofit organization that conserves and improves the 1800-acre Wissahickon Valley Park.
PFA sponsors for 2022: BBD, LLP; Deloitte & Touche LLP; EY; Faegre Drinker Biddle & Reath LLP; Glenmede Investment Management; KPMG LLP; Lovell Minnick Partners LLC; Macquarie Investment Management; Mondrian Investment Partners; Morgan Lewis & Bockius LLP; PwC; SEI; Stradley Ronon; Tait Weller; and Troutman Pepper.
For more information on the Philadelphia Fund Alliance and how to support its annual gala, please visit philafundalliance.com.