Las Vegas Sands Announces $ 300,000 Investment in Nevada Partnership for Homeless Youth

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Long-term, multi-faceted partnership with NPHY includes over $ 1.7 million in cumulative funding from Sands Cares to tackle high rate of youth homelessness in southern Nevada

Northampton, MA –News Direct– Las Vegas Sands

Sands of Las Vegas

LAS VEGAS, July 19, 2021 / 3BL Media / – Las Vegas Sands (NYSE: LVS) today announced the continuation of its multi-year partnership with the Nevada Partnership for Homeless Youth (NPHY) with a donation of $ 300,000 to help most vulnerable youth in southern Nevada. Sands Cares funding will help NPHY scale up services and seek long-term solutions to help make the incidence of youth homelessness rare, brief, non-recurring, and treated fairly, as reported in Southern Nevada Plan to End Youth Homelessness.

Commemorating NPHY’s 20th anniversary in 2021 and its outstanding record of leadership in the fight to end youth homelessness, Sands’ investment focuses on expanding and supporting NPHY’s key programs, resources to increase organizational capacity and the addition of housing capacity for homeless youth. Since prioritizing youth homelessness as Sands Cares’ main initiative in 2015, Sands has donated over $ 1,770,000 to NPHY.

The cumulative 2021 Sands Cares donation includes $ 100,000 to close the NPHY housing expansion campaign, which will allow NPHY to offset rising real estate costs to acquire the planned transitional housing facility. This funding is essential to help NPHY cope with the changing market conditions that created a shortfall from the campaign’s original fundraising target. Sands had previously donated $ 100,000 as a startup investor in NPHY’s housing expansion campaign in 2019 and engaged the Jon Bon Jovi Soul Foundation as another startup partner with the establishment. a matching grant of $ 100,000 from the foundation to encourage community participation in the fundraising campaign.

The remainder of the 2021 Sands Cares donation is for the production of the Southern Nevada Youth Homelessness Summit; expanding NPHY’s overnight staffing model for its Safe Place programs, emergency shelters and transitional housing; and infrastructure support for critical operational areas such as grant administration, finance and facilities management.

Sands Cares’ current funding areas build on strategic initiatives established during the partnership with NPHY, which included helping NPHY launch the Movement to End Youth Homelessness, establish and co- present the annual Southern Nevada Youth Homelessness Summit and to be a primary funder of resources to facilitate and develop the Southern Nevada plan to end youth homelessness.

Sands has also consistently supported NPHY’s core offerings such as its emergency shelter, drop-in center and transition program. According to NPHY, this long-term commitment has allowed the organization to grow exponentially and expand its service offerings in multiple areas, including increasing the opening hours of reception centers, doubling of emergency shelter beds and strengthening of enveloping services such as homelessness therapy and support. The partnership has enabled NPHY to directly impact the lives of over 1,900 young people through essential services supported by Sands.

“Without Sands, we would not have been able to establish the Movement and the Summit. Yet Sands’ involvement as a catalyst for expanding our offerings runs much deeper than these more visible programs, ”said Arash Ghafoori, Executive Director of NPHY. “Sands has helped us develop our back-end infrastructure to sustainably support program expansion – a critical component to successful nonprofit management that is often overlooked. The company has been a true partner in the fight to end youth homelessness in Southern Nevada, not only as a donor, but as an investor and think tank in our work to move this forward. devastating problem in our community.

Another facet of Sands’ long-term engagement with NPHY is the organization’s participation in the invitation-only Sands Cares Accelerator, a signature Sands Cares initiative that supports growing nonprofits in the world. expanding their ability to have a greater impact in the community. NPHY will graduate from the three-year Sands Cares accelerator at the end of 2021 after achieving future sustainability through the growth and refinement of its operational infrastructure; diversification of offers, particularly in the field of advocacy and awareness; and initiating a strategic planning process to crystallize the future makeup of the organization.

Last year, Sands Cares provided NPHY with critical $ 200,000 in funding at the height of the pandemic to maintain operations and address emerging needs as NPHY scrambled to establish interim measures for youth without a net family, school, employer and other support systems that have been suspended or because of COVID-19. Funding for Sands Cares was also critical as NPHY faced intense operational impact with the loss of in-person volunteers and increased volatility in donor support and other resources affected by the pandemic.

“We are deeply committed to making an impact on the incidence of youth homelessness in the Las Vegas Valley, and NPHY has been our strategic and valuable partner in leading this charge,” said Ron Reese, vice president senior in global communications and corporate affairs at Sands. “Our continued investment is representative of the extraordinary results we have seen NPHY achieve for vulnerable youth in our community, as well as its leadership in developing long-term solutions to address the problem. This partnership has been one of the most impactful Sands Cares initiatives we have undertaken.

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About Las Vegas Sands Corp. (NYSE:

Las Vegas Sands is the world’s leading developer and operator of world-class integrated resorts. We provide unparalleled economic benefits to the communities in which we operate.

Sands created the Integrated Resort complex based on Meetings, Incentives, Conventions and Exhibitions (MICE). Our industry-leading integrated resorts make substantial contributions to our host communities, including growth in leisure and business tourism, sustained job creation, and continued financial opportunities for small and medium-sized businesses. local medium-sized enterprises.

Our properties include The Venetian Resort and Sands Expo in Las Vegas and the iconic Marina Bay Sands in Singapore. Through a controlling stake in Sands China Ltd., we have developed the largest portfolio of properties on the Cotai Strip in Macau, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao, The Londoner Macao and The Parisian Macao, as well as the Macau Sands on the Macau Peninsula.

Sands is dedicated to being a good corporate citizen, rooted in the fundamental principles of service to people, planet and communities. We provide a great work environment for our team members around the world, drive social impact through the Sands Cares community engagement and charitable giving program, and lead environmental performance through the award-winning Sands ECO360 global sustainability program. For more information, please visit www.sands.com.

About the Nevada Partnership for Homeless Youth

NPHY is the most comprehensive service provider for the thousands of homeless youth in southern Nevada, serving hundreds of young people through our grassroots programs and touching the lives of thousands more through outreach. every year. NPHY’s programs stabilize the lives of homeless adolescents, meet their immediate needs, and provide a safe and supportive environment and a path to self-reliance. Through our work with homeless youth, NPHY creates productive and healthy adults who contribute to society. Strengthening and complementing our high-quality direct services for homeless youth, NPHY is dedicated to advocating with and for the Vegas Valley homeless youth population and serves as a leader in systems-level efforts to end the homelessness among Nevada youth. For more information or to support our work to change the lives of homeless youth, please visit www.nphy.org.

Contacts:

Sands of Las VegasKristin [email protected]

NPHYLanette [email protected]

See additional media and more ESG stories from Las Vegas Sands at 3blmedia.com

See the source version on newsdirect.com: https://newsdirect.com/news/las-vegas-sands-announces-300-000-investment-in-nevada-partnership-for-homeless-youth-312568577


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