Raymond James Makes Donation That Will Aid Hundreds of Women in Need
Donation made to St. Petersburg Free Clinic completes Saving Grace Capital Campaign
Raymond James donated $500,000 to St. Petersburg Free Clinic to complete the capital campaign to build the Virginia and David Baldwin Women’s Residence. This home is expected to serve close to 150 women per year who are working towards self-sufficiency.
“It’s important to the firm that we support and reinvest in our local communities to make them better places to live and work,” said Tom James, Executive Chairman of Raymond James. “The clinic does tremendous work to fight homelessness in St. Petersburg and the Women’s Residence expansion is an exemplary community service initiative.”
The Virginia and David Baldwin Women’s Residence is one of eight programs offered by the Free Clinic. The program currently has the capacity to house 20 women at one time working towards independence. The new residence will more than double that capacity housing 50 women at one time.
“As a board member, I see how crucial the services and programs provided by the St. Petersburg Free Clinic are for so many of our city’s residents,” said Bill Van Law, Raymond James Investment Advisors Division President and St. Petersburg Free Clinic Board Vice Chair. “Raymond James’s donation to help expand the Women’s Residence completes the Saving Grace fundraising campaign and will allow the clinic to help more women overcome homelessness. It’s a privilege to be a part of both these community-oriented organizations.”
Close to two years ago St. Petersburg Free Clinic embarked on the Saving Grace Capital Campaign to raise $4.5 million dollars to fund the new women’s residence. As of today the capital campaign is complete and the project goal has been more than met all by private philanthropy.
“We started two years ago with a dream to help more of the over 2400 women per year that call us looking for help” said Beth Houghton, Executive Director of St. Petersburg Free Clinic. “We went out into the community and shared that dream and they have come alongside us to make this home a reality. We are so thankful to Raymond James for this outstanding gift that has completed our campaign.”
The Virginia and David Baldwin Women’s Residence is currently under construction and is estimated to open in February of 2016.
About St. Petersburg Free Clinic
St. Petersburg Free Clinic is a multi-service, independent, not-for-profit human services agency providing neighbors in need assistance with food, shelter and health care since 1970.The Free Clinic is comprised of eight programs that are a beacon of hope for families and individuals who fall through the cracks of existing systems and services. To learn more, please visit www.stpetersburgfreeclinic.org.
About Raymond James
Founded in 1962 and a public company since 1983, Raymond James is a diversified financial services holding company with subsidiaries engaged primarily in investment and financial planning, in addition to investment banking and asset management. Raymond James has been recognized nationally for its community support and corporate philanthropy. The company has been ranked as one of the best in the country in customer service, as a great place to work and as a national leader in support of the arts.