Welcome to the latest edition of our quarterly newsletter! We’re excited to share our recent updates, stories, and opportunities. Your support makes all the difference!
In This Issue:
1. 2024 Summer Internship Class
Congratulations to the forty-nine exceptional interns who completed our 2024 Jasco Philanthropies Summer Internship Program! Our Summer program spanned six enriching weeks from July 15th to August 23rd.
During this time, we had the honor of educating and empowering a diverse group of interns in launching and running an investment management company.
We also encouraged interns to open a brokerage account. Out of 49 interns, 73% of our interns created a brokerage account, and we funded each account with $25 to help begin their investment journey.
About Our Program
We educate and train Black and Brown students and young adults, and their allies, on how to start and run an investment management company. We train them in public securities trading, venture capital, film finance and production, and philanthropy. The Spring Internship consists of an eight-week, 15-hour/per-week program, and the Summer Internship consists of a six-week, 20-hour/ per-week program. Interns receive a $1,000+ stipend for completing the program.
Internship Curriculum
- Week One – Fundamentals of Investing
- Week Two – How to Run a Hedge Fund
- Week Three – Artificial Intelligence
- Week Four – How to Run a Venture Capital Fund
- Week Five – How to Run a Film Finance and Production Company
- Week Six – How to Run Your Own Business or Nonprofit
- Week Seven – Personal Finance
- Week Eight – How to Pick Your Career & How to Succeed in Corporate America
*Interns attend weekly meetings & masterclasses, receive weekly mentorship opportunities, and submit weekly assignments.
Our Impact
- Bridging the Gap
We have educated, empowered, and promoted over 120 Interns who are people of color, women, members of the LGBTQ+ community, and their allies.
- Diversity
In our 2023/2024 classes of interns:
- 40% were women
- 37.2% identified as Asian / Pacific Islander
- 30.9% identified as Black / African American
- 16% identified as Hispanic
- 4.3% identified as White / Caucasian
- 13.8% were members of the LGBTQ+ community
- 5.3% were non-U.S. students attending school abroad
- Direct Grants & Compensation
Since 2021, our interns have received over $237,275 in grant and compensation payments for completing our program.
- Building Generational Wealth
In our 2024 Summer Internship Program, 73% of our interns created a brokerage account which is required to purchase stocks & bonds.
To learn more about our programs, visit our website here.
Partnerships
In addition to our programs, we have partnerships with the City University of New York’s Career Launch Program and New York University’s Social Impact Program. In addition to our partnerships, we also support the following philanthropic organizations:
2. Third Quarter Highlights
Our Jasco Core Fund outperformed the S&P 500 & HFRI Fund year-to-date through September 30, 2024.
For more details, visit the News & Insight page on our website.
3. Upcoming & Recent Events
2025 Jasco Philanthropies Spring Internship
- Date: March 10 – May 2, 2025
- Location: Virtual
We are excited to announce that we have started the interview process for our 2025 Spring Internship. We received an overwhelming 120 applications!
We expect a class of approximately 20 interns. But we received many more qualified applications. Please partner with us to help include additional interns in our program! Our interns receive $1,000 for completing our program; any amount you donate will go directly to the interns. Click here to donate and make a difference.
We would like to thank our donors who support our 2024 Summer Internship campaign. Thanks to you, we were able to empower, educate, and promote 49 interns and we are also able to fund 36 brokerage accounts for our summer interns! We would have not been able to make such an impact if it were not for you!
Entrepreneurs of Tomorrow “Pitch for Ya Life” Competition
- Date: December 3rd, 2024
- Location: New York City
Entrepreneurs of Tomorrow will be hosting their “Pitch for Ya Life” competition on Tuesday, December 3rd. Young entrepreneurs will be allowed to pitch their business ideas or business ventures to a panel of judges. We are excited that Jasco Philanthropies will sponsor the $1000 third-place prize! Come and support the future visionaries of the world! To stay updated, please visit Entrepreneurs of Tomorrow’s website here.
Reimagining the Future of Talent
- Date: September 19, 2024
- Location: Spelman College
Tapestry Networks facilitated the “Reimagining the Future of Talent” forum at Spelman College in Atlanta Georgia. The forum explored talent, technology, culture, access, and opportunity through a dialogue with board members, top executives of large companies, thought leaders and Spelman students and faculty to discuss how companies can effectively approach the changing work environment.
Our founder, James Cole, Jr., participated in this thought-provoking conversation at Spelman that spanned generations. James was inspired by Spelman College students at the Tapestry Reimagining the Future of Talent Forum.
4. Ways to Get Involved
You can make a difference! Here’s how:
- Donate: Your contributions help us achieve our goals. Donate here.
- Advocate: Share our mission with your network!
Your generosity fuels our mission!
Stay Connected!
Follow us on social media for the latest updates:
- Instagram: jasco.philanthropies
Thank you for being a part of our community. Together, we can educate, empower, and promote Black and Brown people, including members of the LGBTQ+ community and their allies one intern at a time.