LAS VEGAS, July 15, 2021 /PRNewswire/ -- Las Vegas
Sands (NYSE: LVS) today announced continuation of its multi-year
partnership with Nevada Partnership for Homeless Youth (NPHY) with
a donation of $300,000 to aid
Southern Nevada's most vulnerable
youth. The Sands Cares funding will help NPHY strengthen services
and pursue long-term solutions to help make the incidence of youth
homelessness rare, brief, non-recurring and equitably addressed, as
outlined in the Southern Nevada Plan to End Youth Homelessness.
Commemorating NPHY's 20th anniversary in 2021 and its
outstanding track record of leadership in the fight to end youth
homelessness, Sands' investment focuses on expansion and support of
key NPHY programs, resources to increase organizational capability
and the addition of housing capacity for youth experiencing
homelessness. Since prioritizing youth homelessness as a primary
Sands Cares initiative in 2015, Sands has donated more than
$1,770,000 to NPHY.
The 2021 Sands Cares cumulative donation includes $100,000 designated to close out the NPHY Housing
Expansion Campaign, which will enable NPHY to offset rising real
estate costs to acquire the planned transitional housing facility.
This funding is critical in helping NPHY address changing market
conditions that had created a shortfall with the campaign's
original funding goal. Sands previously donated $100,000 as a seed investor in NPHY's Housing
Expansion Campaign in 2019 and engaged the Jon Bon Jovi Soul
Foundation as the other seed partner with the establishment of a
$100,000 matching grant from the
foundation to encourage the community's participation in the
capital campaign.
The remainder of the 2021 Sands Cares donation is earmarked for
production of the Southern Nevada Youth Homelessness Summit;
expansion of NPHY's nighttime staffing model for its Safe Place,
emergency shelter and transitional housing programs; and
infrastructure support for critical operational areas such as
grants administration, finance and facilities management.
Current Sands Cares funding areas build on strategic initiatives
established over the course of the partnership with NPHY, which
have included helping NPHY kick off the Movement to End Youth
Homelessness, establishing and co-presenting the annual Southern
Nevada Youth Homelessness Summit and being a primary funder of the
resources to facilitate and develop the Southern Nevada Plan to End
Youth Homelessness.
Sands also has consistently supported NPHY's core offerings such
as its emergency shelter, drop-in center and transitional housing
program. According to NPHY, this long-term commitment has enabled
the organization to grow exponentially and expand service offerings
in multiple areas, including increasing drop-in center hours,
doubling emergency shelter beds and strengthening wraparound
services such as therapy and educational support for young people
experiencing homelessness. The partnership has enabled NPHY to
directly impact the lives of more than 1,900 individual youth
through critical services supported by Sands.
"Without Sands, we would not have been able to establish the
Movement and Summit – yet Sands' involvement as a catalyst behind
expansion of our offerings is much deeper than these most visible
programs," said Arash Ghafoori,
executive director of NPHY. "Sands has helped us grow our back-end
infrastructure to sustainably support program expansion - a crucial
component to successful nonprofit management that is often
overlooked. The company has served as a true partner in the fight
to end youth homelessness in Southern
Nevada, not only as a donor, but as an investor and thought
partner in our work to move the needle on this devastating issue 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
rising nonprofits in expanding their capability to make greater
impact in the community. NPHY will graduate from the three-year
Sands Cares Accelerator at the end of 2021 having achieved future
sustainability through growth and refinement of its operational
infrastructure; diversification in offerings, especially in the
area of advocacy and awareness; and initiation of a strategic
planning process to crystallize the organization's future
makeup.
Last year, Sands Cares provided NPHY with $200,000 in essential funding during the height
of the pandemic to maintain operations as well as accommodate
emerging needs as NPHY worked to establish stop-gap measures for
youth without a safety net from family, school, employers and other
support systems that were suspended or diminished because of
COVID-19. The Sands Cares funding was also critical as NPHY faced
intense operational impact with the loss of in-person
volunteers and increased volatility of donor support and other
resources affected by the pandemic.
"We are deeply committed to impacting the incidence of youth
homelessness in the Las Vegas Valley, and NPHY has been our
strategic and valued partner in leading that charge," said
Ron Reese, senior vice president of
global communications and corporate affairs at Sands. "Our
continued investment is representative of the tremendous results
we've seen NPHY achieve for our community's vulnerable youth, as
well as its leadership in developing long-term solutions to address
the issue. This partnership has been one of the most impactful
Sands Cares initiatives we've undertaken."
About Las Vegas Sands Corp. (NYSE: LVS)
Las Vegas
Sands is the world's preeminent developer and operator of
world-class Integrated Resorts. We deliver unrivaled economic
benefits to the communities in which we operate.
Sands created the meetings, incentives, convention and
exhibition (MICE)-based Integrated Resort. Our industry-leading
Integrated Resorts provide substantial contributions to our host
communities including growth in leisure and business tourism,
sustained job creation and ongoing financial opportunities for
local small and medium-sized businesses.
Our properties include The Venetian Resort and Sands Expo in
Las Vegas, and the iconic
Marina Bay Sands in Singapore. Through majority ownership
in Sands China Ltd., we have developed the largest portfolio
of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza
and Four Seasons Hotel Macao, The Londoner Macao and The Parisian
Macao, as well as the Sands Macao
on the Macao Peninsula.
Sands is dedicated to being a good corporate citizen, anchored
by the core tenets of serving people, planet and communities. We
deliver a great working environment for our team members worldwide,
drive social impact through the Sands Cares community engagement
and charitable giving program and lead in environmental performance
through the award-winning Sands ECO360 global sustainability
program. To learn more, please visit www.sands.com.
About Nevada Partnership for Homeless Youth
NPHY is the most comprehensive service provider for the thousands
of homeless youth in Southern
Nevada, serving hundreds of youth through our core programs
and touching the lives of thousands more through outreach each
year. NPHY's programs stabilize homeless teens' lives, meeting
their immediate needs and providing a safe, supportive environment
and a path to self-sufficiency. Through our work with homeless
youth, NPHY creates productive, 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's homeless youth population and serves as
a leader in systems-level efforts to eliminate homelessness among
Nevada's youth. For more
information or to support our life-changing work for homeless
youth, please visit www.nphy.org.
Contacts:
Las Vegas Sands
Kristin
Koca
Kristin.Koca@sands.com
702.414.3218
NPHY
Lanette Rivera
lanette@nphy.org
702.688.1013
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SOURCE Las Vegas Sands Corp.