Cain International, the privately held investment firm led by Jonathan Goldstein, has entered a new charity partnership with XLP, an urban youth charity working with children and young people across nine boroughs in London.
This new three-year partnership will see Cain commit more than £250,000 to the charity as it takes the role of lead sponsor for the organization. As a part of this role, Cain will be working closely with the charity to support not only its fundraising initiatives, but also its work on the ground by dedicating time to its mentorship scheme.
XLP, which stands for ‘The eXceL Project’, was formed in 1996 in response to a stabbing in a school playground. It works to help young people improve their emotional and social capabilities, as well as their relationships with family, teachers and local authorities, to ensure more can stay in school and avoid anti-social behaviour and gang activity. XLP now works with over 4,500 young people each year through education, mentoring, sport and the arts.
Jonathan Goldstein, Chief Executive at Cain International, said: “XLP is a phenomenally impressive charity, and its dedication to helping young people become independent and confident contributors to their communities, as well as aspire to positive future goals, is fully aligned with our approach at Cain as we strive to provide equal opportunities and support tomorrow’s talent.
“It is my belief that it is not just our corporate responsibility to give back to the communities in which we invest, but it should be our collective priority. We all know that without diverse voices and opinions, the rooms where key decisions about business and policy become meaningless echo chambers and, by working with XLP, we can help change this narrative and ensure that the next generation has the leaders it deserves.”
Luke Watson, CEO at XLP said “We are thrilled to partner with Cain International and are looking forward to working together over the next three years. To receive this level of support in our 25th year is a fantastic gift not just for us, but for the 1000s of disadvantaged young people who have been so hurt by the pandemic in the past 18 months. XLP is in it for the long term, and we believe that it is long term relationships with young people that lead to lasting change.”