AEG Community Foundation Awards $445,000 in Grants to Nonprofit Organizations Throughout United States
LOS ANGELES--(BUSINESS WIRE)-- AEG, the world’s leading sports and live entertainment company, today announced that it has awarded $445,000 in grants to eight non-profit organizations in the United States through the AEG Community Foundation, which supports charitable, community and civic programs that focus on children and youth in the areas of education, the arts and health and wellness.
The grants, which were given as part of the AEG Community Foundation’s second grant cycle in 2019, included for the first time, three macro grants which are designed to support capital campaigns and large-scale projects. The macro grants totaling $375,000 were awarded to Los Angeles-based organizations to help each of them complete new building projects that will enable each organization to double the capacity of services and people served in their respective communities. The three organizations were Heart of Los Angeles (HOLA), Little Tokyo Service Center and Wellnest.
“The AEG Community Foundation has allowed us to build upon AEG’s strong philanthropic commitment to communities throughout the United States through grantmaking,” said Martha Saucedo, Executive Vice President, AEG. “We are thrilled to award our first macro grants to Heart of Los Angeles, Little Tokyo Service Center and Wellnest, and look forward to continuing to invest in projects and capital campaigns that further amplify the impact of our community partners.”
The macro grants were awarded to the recipients by the AEG Community Foundation during a check presentation ceremony on Dec. 17 at AEG’s annual Community Holiday Party at L.A. LIVE, as part of the company’s annual Season of Giving.
The eight organizations that received grants from The AEG Community Foundation were:
- Heart of Los Angeles (Los Angeles) - $150,000
- Wellnest (Los Angeles) - $125,000
- Little Tokyo Service Center (Los Angeles) - $100,000
- West End House Boys & Girls Club (Allston, Mass.) - $25,000
- Just Keep Livin’ Foundation (Los Angeles) - $15,000
- Gardena-Carson Family YMCA (Gardena, Calif.) - $10,000
- Louisville Urban League (Louisville, Ky.) - $10,000
- Community Alliance for Learning (Oakland, Calif.) - $10,000
Since awarding its first grant in December 2018, the AEG Community Foundation has awarded nearly $1.2 million in grants to 75 nonprofit organizations in more than 20 cities throughout the United States. Over the past 10 years, AEG has contributed more than $120 million in direct financial and in-kind support to community and civic programs with a focus on children and youth in the areas of education, the arts and health and wellness. To find out more about AEG 1Community and the AEG Community Foundation, click here.
Headquartered in Los Angeles, California, AEG is the world's leading sports and live entertainment company. The company operates in the following business segments: Facilities, which through its affiliation with ASM Global, owns, manages or consults with more than 300 preeminent arenas, stadiums, convention centers and performing arts venues around the world; Music through AEG Presents, which is dedicated to all aspects of live contemporary music performances, including producing and promoting global and regional concert tours, music and special events and world-renowned festivals such as the Coachella Valley Music and Arts Festival; Real Estate, which develops world-class venues, as well as major sports and entertainment districts like STAPLES Center and L.A. LIVE, Mercedes Platz in Berlin and The O2 in London; Sports, as the world's largest operator of high-profile sporting events and sports franchises including the LA Kings, LA Galaxy and Eisbären Berlin; and Global Partnerships, which oversees worldwide sales and servicing of sponsorships including naming rights, premium seating and other strategic partnerships. Through its worldwide network of venues, portfolio of powerful sports and music brands and its integrated entertainment districts, AEG entertains more than 160 million guests annually. More information about AEG can be found at www.aegworldwide.com.