Jay Zises, a New York businessman who has been part of the finance and investment scene since the 1960s, supports many medical charities. The Susan G. Komen Foundation, an organization that seeks to end the threat of breast cancer, has received considerable support from Jay Zises over the years. While Susan G. Komen fundraisers are well-known, not everyone who supports the organization knows where the money goes. The Susan G. Komen Foundation often disburses these funds to support clinical trials through research grants, thereby increasing the breadth of options available for treating breast cancer patients. Since its inception, Susan G. Komen has supported hundreds of clinical trials for cancer treatments. The research interests the Susan G. Komen grants support are broad. Early detection methods, identification of causes, and new drug treatments for breast cancers comprise just some of the types of trials that receive grant money from the organization. In addition to improving the quality of treatment in the long run, these clinical trials also provide those who have breast cancer with a greater sense of agency regarding their treatment and a sense that they are still able to help others.
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Jay Zises, the chairman of A Cap, Inc., in New York City has volunteered with many charitable organizations over time. Jay Zises has volunteered at the Episcopal Church of the Heavenly Rest's network of soup kitchens and food pantries, helping address the problem of hunger in his community. Heavenly Rest uses a multifaceted approach to address the issue of hunger. While the Church operates a network of more than a thousand soup kitchens and food pantries, that is not the organization's only solution. One program Heavenly Rest uses is its Grace-to-Go meals, which are shelf-stable, ready-to-cook meal kits that can be distributed to those in need when food pantries are closed. These meals can be easily distributed through Heavenly Rest's many partners. One Heavenly Rest partner, an elementary school called P.S. 30, has also implemented a snack and story time event that targets young people struggling with hunger. This snack and story time event occurs every Friday, thereby ensuring that at least one day a week these young people learn about healthy eating habits while getting access to healthy foods. Finally, Heavenly Rest has expanded the number of programs that allow public access to its kitchens. During these events community members make baked goods, such as bread and cookies, together. Jay Zises leverages more than four decades of experience in the financial services and investment industry in his work as the chairman of A Cap Inc Investment Management. The former chairman of the executive committee of Integrated Resources Inc., Jay Zises is also a philanthropist for social causes and has served as a board member for the Housing Enterprise for the Less Privileged (HELP) organization. Founded in 1986, HELP provides housing, jobs, and other social services to individuals in New York, Washington, DC, Nevada, Pennsylvania, and New Jersey. The organization, which ultimately seeks to end homelessness and empower needy individuals, also operates Street Soccer USA (SSUSA). SSUSA utilizes the principles of team and sports to strengthen communities and improve the well-being of marginalized youth and young adults. Founded almost 10 years ago, the program has provided services to 3,750 participants. In addition, SSUSA has provided equipment for thousands of participants each year, successfully trained coaches, and hosted the Street Soccer USA Cup event. Moreover, the program has taken 16 players to compete in the Homeless World Cup, which involves 64 countries. Jay Zises is a father of four and grandfather of seven. Professionally, Jay Zises has served as the chairman of A Cap Inc., an investment management company for the last 27 years. He has managed and has invested in hedge funds. An alternative investment method, hedge funds are designed for high-net-worth individuals. Hedge funds consist of different securities that are pooled together and managed by a fund manager who is free to employ a variety of investment strategies. However, the strategy must be disclosed to investors. Hedge funds are defined by several other characteristics in addition to this disclosure requirement. - Investor limits: To accommodate the higher risk often present in hedge funds, only qualified investors are allowed. This refers to individuals worth greater than one million dollars or with an annual income in excess of $200,000 for several years. - Flexibility: Hedge funds are allowed to invest in a wider range of securities than mutual funds, which only invest in stocks and bonds. - Use of leverage: Often, borrowed money is a component that hedge funds use to maximize returns. However, this increases risk. |
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November 2019
CategoriesAll Community Outreach Education Finance Jay Zises Science Technology University Yeshiva University |