Paychex, a premier supplier of integrated human capital management software solutions for human resources, payroll benefits, and insurance services, announced that the Paychex Charitable Foundation will donate $1 million to Junior Achievement USA, the largest organization in the country devoted to giving young people the knowledge and skills they need for economic success. The fund, which allots $250,000 annually over four years, will aid kids in America who live in major locations with a large concentration of Paychex employees.
This is the third significant donation made as part of the Paychex Charitable Foundation’s well-being-focused strategic giving approach, which addresses mental health, physical health, financial health, and the development of professional skills. The priority area on financial health will profit from this donation to Junior Achievement. Similar donations from Paychex were previously announced in 2023 to support mental and physical well-being through Mental Health America and Feeding America, respectively.
Paychex president and CEO John Gibson said, “As one of the nation’s top suppliers of HR, payroll, benefits, and insurance solutions, Paychex has a unique view of the financial challenges American workers face and the crucial role that strong financial literacy plays as young Americans enter the workforce. “This realization underpins our conviction that thriving communities serve as the cornerstone of our aim to build successful local economies. The next generation of employees will benefit from our continued support of Junior Achievement because they will have the knowledge and skills necessary for success in the workplace.
Junior Achievement engages more than three million kids annually in over 127,00 classrooms and after-school settings with its core program material, which focuses on work preparedness, entrepreneurship, and financial literacy. It has more than 100 local affiliates across the U.S.
According to Jack E. Kosakowski, President & CEO of Junior Achievement USA, “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.” “Paychex’s investment and partnership in ensuring that more young people have access to the information they need to benefit themselves, their families, and ultimately their communities is greatly appreciated,” the organization said.
Paychex will look for possibilities to involve its 16,000 workers as a volunteer network in addition to this monetary donation from the Paychex Charitable Foundation in order to further Junior Achievement’s aim of promoting the long-term financial security of American kids. Albuquerque, New Mexico; Allentown, Pennsylvania; Baton Rouge, Louisiana; Chicago, Illinois; Pasadena, California; Phoenix, Arizona; Rochester, New York; San Diego, California; St. Petersburg, Florida; Tampa, Florida; and West Palm Beach, Florida are the markets that will get money through this grant.
