AEG Provides $385K in Grants to Enhance Community Well-being
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AEG Contributes $385,000 in Grants to Support Communities
AEG, renowned as a leader in sports and live entertainment, recently announced the generous allocation of $385,000 in grants to support 22 nonprofit organizations dedicated to enriching K-12 education, the arts, and health and wellness initiatives across various communities. This initiative highlights AEG's commitment to fostering healthy, vibrant communities through the AEG Community Foundation.
Supporting Nonprofit Organizations and Educational Initiatives
The foundation has distributed grants ranging from $10,000 to $25,000 to organizations focused on enhancing the lives of children and youth. These grants are pivotal in empowering different programs that specifically target educational and creative development, offering invaluable resources and support in areas where AEG operates.
Spotlight on a Grant Recipient: KYCC
Among the recipients of this significant funding is the Koreatown Youth and Community Center (KYCC), which plays a crucial role in supporting at-risk youth in a diverse urban population. With a mission centered around serving the Korean American community as well as the wider Koreatown area, KYCC received a $25,000 grant to bolster their RISE Youth Services program.
The RISE (Resiliency, Integrity, Self-Assurance, and Empowered) program is designed to equip youth with safe, accessible, and high-quality activities focused on their educational and personal growth. Through this initiative, KYCC aims to ensure that every youth has the opportunity to thrive and succeed within their community.
Impact on Youth and Community
Steve Kang, KYCC's Director of External Affairs, expressed gratitude for AEG's continued support, emphasizing that this funding will significantly impact 150 local youth, spanning from kindergarten through high school. The resources will provide essential academic support, financial literacy, and enrichment activities vital for personal development.
AEG Community Foundation Grant Recipients
The AEG Community Foundation has shown its dedication to a myriad of causes this grant cycle, supporting organizations across different sectors:
K-12 Education Programs:
- Girls Inc. of NYC
- Koreatown Youth and Community Center, Inc.
- Arthur Project Inc
- Read 718
- City of Dreams
- Vista Maria
- Determined to Succeed
- Al Wooten Jr Youth Center
- Higher Achievement Program Inc.
- Community Coalition
- Nashville Public Library Foundation
- Urban Txt Teens Exploring Technology
- LACER Afterschool Programs
Arts Initiatives:
- Rainey Institute
- Tada Theatre and Dance Alliance Inc.
- Save the Music Foundation
- Film2Future Inc
- Nuci Phillips Memorial Foundation
- West End House Boys & Girls Club
- Music Education Group Inc
Health and Wellness Programs:
- Hollenbeck Police Activities League
- Boys and Girls Club of Pasadena
About AEG
Headquartered in Los Angeles, California, AEG stands as the preeminent force in the sports and live entertainment sectors. With an extensive portfolio, AEG engages in various business realms including:
- Music through AEG Presents, delivering live contemporary performances across the globe, including monumental festivals like Coachella.
- Venues and Real Estate, managing prestigious locations such as Crypto.com Arena and The O2 in London.
- Sports, as the largest operator of high-profile sporting events and franchises.
- Global Partnerships, creating strategic sponsorships and alliances worldwide.
- Ticketing, providing comprehensive services to over 400 clients globally.
Every year, AEG entertains more than 90 million guests through its world-class venues and events. The company's commitment to community engagement is evident through initiatives like the AEG Community Foundation grants.
Frequently Asked Questions
What is the purpose of the AEG Community Foundation grants?
The grants aim to support nonprofit organizations that focus on K-12 education, arts, and health and wellness initiatives in various communities.
How much funding has been allocated this grant cycle?
AEG has allocated a total of $385,000 in grants to 22 nonprofit organizations.
Can you provide an example of a grant recipient?
One notable recipient is Koreatown Youth and Community Center (KYCC), which received $25,000 for their youth services program.
Who decides which organizations receive funding?
The organizations selected for funding have a history of impactful work, many nominated by AEG employees.
How does AEG contribute to the communities it operates in?
AEG contributes through initiatives like the AEG Community Foundation, which supports local nonprofits and provides funding for educational and health programs.
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