Eleven local charities participated in the annual event, nine of which are Audax Charitable Foundation grantees
ACF also capped off the summer with its second annual Golf & Pickleball Fundraising Event
BOSTON & SAN FRANCISCO, AUGUST – Audax Private Equity (“Audax”), a leading alternative investment manager and capital partner to middle market companies, held its Boston and San Francisco “Service Days” this spring, drawing more than 200 volunteers from Audax Private Equity, who collectively contributed over 425 volunteer hours to 11 participating local charities.
Service Day has become an annual tradition at Audax Private Equity, and since 2015 – the year Audax began tracking Service Day engagement – Audax employees have contributed more than 4,200 volunteer hours. The most recent Service Days, held on May 18th in Boston and on June 15th in San Francisco saw nearly 90% of local employees participate.
New this year, Audax made a deliberate effort to partner with nonprofit organizations who have received grants from the Audax Charitable Foundation (“ACF”) and nine of the 11 participating charities are ACF grant recipients.
“One of the goals of ACF is to provide channels for our employees to engage directly with the people and organizations our funding helps to support,” noted Pam Martin, Senior Managing Director, Audax Private Equity. “The enthusiastic response – both, from our employees and from grant recipients – validates this approach and, we hope, brings more awareness and support to these important causes.”
Among the charitable organizations participating in the Boston Service Day were: More than Words; Food Link; Room to Grow; The Wily Network; Bottom Line; Minds Matter of Boston; Horizons for Homeless Children; Boston Rescue Mission; and Boston Day & Evening Academy. Employees also volunteered to help clean up the Charles River Esplanade through the Esplanade Association. In San Francisco, Audax staff volunteered at the SF-Marin Food Bank.
Among just a few of the highlights, volunteers who visited Bottom Line’s Jamaica Plains offices, helped to review students’ LinkedIn profiles to offer constructive feedback to aid in their efforts to apply for internships or full-time roles. Other volunteers served as chaperones for a field trip to the Boston Children’s Museum, organized by Horizons for Homeless Children, which serves homeless families through providing early education, comprehensive family support services and opportunities for play. Volunteers also assisted the operations manager at the Boston Rescue Mission to take part in site upkeep and beautification projects. At the SF-Marin Food Bank, the Audax volunteers helped pack over 18,000 pounds of food for the food bank’s “Pantry at Home” program that delivers groceries to homebound low-income seniors and adults.
“Our goal was to offer Audax employees with a range of alternatives, not only to provide an avenue through which they can engage with local charities, but to support specific causes they feel deeply passionate about,” added Young J. Lee, Partner and Co-President of Audax Private Equity.
The Audax Charitable Foundation closed out the summer with its second annual Golf and Pickleball Fundraising Event, which received gracious donations from over 35 corporate sponsors and will see 100% of the donations allocated to the ACF Grant Program.
“We want to extend our gratitude to each of the sponsors who contributed to and participated in our event this year,” added Keith Palumbo, Partner and Co-President of Audax Private Equity. “The enthusiasm of, both, our employees and our business partners underscores the deep sense of community and collaboration that exists across our network. And we believe this engagement helps to create a virtuous cycle that amplifies the impact of the ACF grants and the local nonprofits we support.”
ABOUT AUDAX PRIVATE EQUITY:
Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $18 billion of assets under management, over 210 employees, and 100-plus investment professionals. Since its founding in 1999, the firm has invested in more than 165 platforms and 1,200 add-on acquisitions. Through our disciplined Buy & Build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value. For more information, visit audaxprivateequity.com or follow us on LinkedIn.