April 26, 2023
Advantage Capital, an impact investor based in New Orleans, announced today a $100,000 donation to Son of a Saint to help launch a scholarship for deserving elementary and high school boys and girls to support their attendance at tuition-based New Orleans schools.
Since 2011, Son of a Saint has been holistically supporting boys who have lost their fathers in order to prevent challenges related to self-confidence, anger, and feelings of abandonment. The youth development nonprofit serves more than 200 mentees, offering a wellspring of positive influence through mentorship, education, and life skills enrichment when it is needed most.
While Son of a Saint typically has a focus on young boys who have lost their fathers to either death or long-term incarceration, the scholarship support will be available to both girls and boys in need of tuition assistance at partnering educational institutions.
“I am thrilled to take our partnership with Advantage Capital to the next level,” said Bivian “Sonny” Lee, III, Founder and CEO, Son of a Saint. “Our goal has always been to help vulnerable boys during a vulnerable time. And we know when kids stay in school, they have a greater chance of success and stability in life. By creating this scholarship, we are able to intervene at a deeper level and help our youth build the foundation for a bright future.”
Advantage Capital has partnered with Son of a Saint since 2019. The donation and scholarship fund align with the firm’s civic engagement goal of investing in young people and communities to help mentor and foster growth in the youth of today and the entrepreneurs and workers of tomorrow.
“One of the most important ways we can support kids and young people is through ensuring access to quality education,” said Sandra M. Moore, Chief Impact Officer and Managing Director at Advantage Capital. “Son of a Saint’s work in New Orleans with young boys is incredibly impactful during a time of immense vulnerability. What they do paves the way for a fruitful future for these young people. That is why we know they are the perfect fit for partnering with on this scholarship fund.”
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About Advantage Capital
Advantage Capital provides financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $4.2 billion in companies from a diverse array of industry sectors and has helped support more than 67,000 jobs. Learn more at Advantagecap.com, or via Twitter or LinkedIn.
About Son of a Saint
Son of a Saint launched in 2011 to address the burgeoning problem of fatherless boys in the New Orleans area. Under the direction of Bivian “Sonny” Lee III, the 501(c)(3) organization is dedicated to its mission of transforming the lives of young males through mentorship, emotional support, development of life skills, exposure to constructive experiences and formation of positive, lasting peer-to-peer relationships. For more information or to get involved, visit www.sonofasaint.org.
Contacts
Advantage Capital
Joe Stosberg, Communications Manager
jstosberg@advantagecap.com
Advantage Capital is an Investment Adviser registered with the U.S. Securities & Exchange Commission. Such registration, however, does not imply a certain level of skill or training. This release has been prepared for informational purposes, and nothing herein should be construed as an offer of investment advisory services or as an offer to sell or a solicitation of an offer to purchase any securities or investment product. All offers of investment interests in any fund or investment vehicle managed directly or indirectly by Advantage Capital are and will be made only to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Advantage Capital is an equal opportunity provider.
The third party statements in this release are statements of persons other than current clients or investors in private funds advised by Advantage Capital, and although Advantage Capital has made charitable contributions to Son of a Saint, neither Bivian “Sonny” Lee, the company’s Founder and CEO, or any other employee of Son of a Saint has received any direct compensation, whether in cash or non-cash form, for the statements or opinions expressed herein. There are no known material conflicts of interest on the part of any third party making or expressing such statements or opinions resulting from such party’s relationship with Advantage Capital or from Advantage Capital’s charitable contributions and involvement with Son of a Saint.
