Finance Professionals Sleep on the Street To Support Our Kids
Tonight, Wall Street professionals are ditching their cushy offices and posh apartments to camp out on the streets of N.Y.C., with nothing more than a cardboard box and sleeping bag.
The goal is, for one night, to raise awareness and proceeds to support homeless youth.
Since 2011, more than $25 million has been raised by Covenant House. This year, interns and CEOs alike from Morgan Stanley, ShoreBridge Capital and Blackstone Group LP with the goal of pulling in at least $200,000 in donations.
All money will go toward providing food, clothing, shelter, medical care, counseling and long-term support for homeless youth within the Covenant House program.
“Covenant House is grateful to our amazing friends in the Finance industry for coming together in solidarity to help give hope to so many homeless kids in need,” said Covenant House president and CEO Kevin Ryan.
“Through enduring the discomfort of spending a night sleeping on the street, they are demonstrating their absolute commitment to calling attention to the unacceptable fact that young people are living and dying on our streets," Ryan added. "When our kids look out their windows on November 2nd, and see so many people who care sleeping on the streets, it will be a life-changing moment for them — visible proof that they are not alone in their struggles.”
The event's timing is crucial. According to a state data report last month, more than 111,500 students in New York City schools were homeless during the last academic year. That's a six percent increase over the year before.
At the time the report came out, the New York Times pointed out that the total is enough to populate a small city. Statewide, 148,000 students were homeless, or about 5 percent of the state’s public school population.
This article was originally published on November 2, 2017. It was written by Anthony Noto.