Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that Junior Achievement USA®, the nation’s largest organization dedicated to providing young people the knowledge and skills they need for economic success, will receive a $1 million grant from the Paychex Charitable Foundation. The grant, which allocates $250,000 annually over four years, will support the long-term financial health of America’s youth in key markets where Paychex has a high concentration of employees.
This is the third major gift given under the Paychex Charitable Foundation’s strategic giving framework focused on well-being, addressing mental health, physical health, financial health, and professional skills development. This gift to Junior Achievement will benefit the financial health focus area. Paychex announced similar grants to Mental Health America and Feeding America earlier in 2023 to support emotional and physical well-being, respectively.
“As one of the country’s leading providers of HR, payroll, benefits, and insurance solutions, Paychex has a unique view of the financial challenges American workers face and the critical role that strong financial literacy plays as young Americans join the workforce,” said John Gibson, Paychex president and CEO. “This insight underlies our belief that successful local economies start with vibrant communities—and financial health is the foundation of that mission. Our ongoing support of Junior Achievement will help ensure that the next generation of workers has the knowledge and skills for economic success.”
With more than 100 local affiliates across the U.S., Junior Achievement reaches more than three million students per year in approximately 127 thousand classrooms and after-school locations with core program content focused on work readiness, entrepreneurship, and financial literacy.
“We at Junior Achievement know that for many young people, financial literacy education in school is an essential part of experiencing financial health later in life,” said Jack E. Kosakowski, President & CEO of Junior Achievement USA. “We greatly appreciate Paychex’s investment and partnership in ensuring more young people have access to the information they need to benefit themselves, their families, and ultimately their communities.”
In addition to this financial gift from the Paychex Charitable Foundation, Paychex will be seeking opportunities to engage its 16,000 employees as a volunteer network to help advance Junior Achievement’s mission of supporting the long-term financial health of American youth. The markets that will receive funding through this gift are: Albuquerque, N.M.; Allentown, Pa.; Baton Rouge, La.; Chicago, Ill.; Pasadena, Calif.; Phoenix, Ariz.; Rochester, N.Y.; San Diego, Calif.; St. Petersburg, Fla.; Tampa, Fla. and West Palm Beach, Fla.
