New $300,000 2024 donation
continues Sands' long-term commitment to working with NPHY on
lasting solutions for youth homelessness, while addressing the
immediate needs of youth in crisis
LAS
VEGAS, May 23, 2024 /PRNewswire/ -- Las Vegas
Sands (NYSE: LVS) has contributed $300,000 to Nevada Partnership for Homeless Youth
(NPHY) to combat the critical issue of youth homelessness, which is
one of the company's top community engagement priorities in its
Las Vegas corporate headquarters.
The donation brings total Sands Cares funding for NPHY to
$2.6 million since 2014.
In celebration of the 10-year partnership and the impact Sands
has helped the nonprofit make since joining forces, NPHY presented
Sands with the Game Changer Award at its inaugural gala,
Homecoming 2024: Celebrating the Journey Home, on
May 16.
"Sands' partnership in the fight to end youth homelessness
continues to be a critical resource and factor in our success,"
NPHY CEO Arash Ghafoori said. "We
are celebrating a decade of partnership that has been instrumental
to NPHY's growth and impact, allowing us to evolve our mission and
build our capacity to address one of the most serious social
challenges in our state. Sands' willingness to take a seat at the
planning table and be engaged in our vision has helped us build new
platforms that are bringing lasting and sustainable progress."
Continuing the strategies Sands has established for addressing
youth homelessness, the 2024 Sands Cares contribution will support
the core pillars of meeting the immediate needs of youth in
crisis with support for NPHY's emergency shelter and housing
programs; building lasting solutions to address youth
homelessness by helping NPHY strengthen its organizational
capacity; and fueling advocacy and awareness initiatives
through the Movement to End Youth Homelessness, including the
annual Nevada Youth Homelessness Summit and ongoing Movement
Institute.
Sands' 2024 support is helping NPHY meet the growing need for
emergency housing in Southern
Nevada as young people face heightened barriers to housing
stability due to rising rent and living expenses, while providing
vital resources to address increased costs for rent, utilities,
food, fuel and other supplies necessary to operate these
life-saving assets. NPHY's housing and shelter programs empower
youth in transitioning to stability and self-sufficiency through
accompanying case management and supportive wraparound
services.
According to the U.S. Department of Housing and Urban
Development, the number of young people experiencing homelessness
in Nevada increased by 14% from
2022 to 2023. In addition, homelessness risk factors have
accelerated as the State of Nevada
is facing the most extreme shortage of affordable housing in the
nation, with only 14 affordable rentals available for every 100
extremely low-income rental households, according to the National
Low Income Housing Coalition.
The 2024 Sands Cares contribution also will support NPHY's
efforts to increase its research, policy and advocacy capacity and
bolster its development efforts to build the agency over the
long-term. As NPHY has expanded its role in community planning and
systems-level work to catalyze local and state efforts around
ending youth homelessness, the nonprofit is expanding its
infrastructure and capability to continue this pivotal role while
mobilizing for a sustainable future.
Finally, the Sands Cares investment again will enable NPHY to
produce the eighth annual and second statewide Nevada Youth
Homelessness Summit, which has been presented annually by NPHY and
Sands since 2017. Since 2017, the Summit has been a central part of
the Movement to End Youth Homelessness by providing a leading venue
to coalesce local and state stakeholders around creating
sustainable plans and solutions to aid vulnerable youth in building
pathways to independence.
Funding also will provide NPHY with resources for the quarterly
Movement Institute advocacy program, which delivers year-round
opportunities for stakeholders and community members to gain
education and take action around advancing initiatives outside of
the Summit.
"NPHY's evolution and the impactful changes it has led over the
10 years we have worked together have been remarkable," said
Ron Reese, senior vice president of
global communications and corporate affairs, who spearheads
corporate responsibility initiatives. "Under NPHY's leadership of
the Movement to End Youth Homelessness and with more resources from
both the public and private sectors, our state can turn around the
high incidence rates that have been a mainstay here – and more
importantly, provide the safety net our community's vulnerable
young people need."
Sands' support for youth homelessness falls under Sands Cares'
priorities on addressing hardship relief for disadvantaged groups
and removing barriers to opportunity and advancement. To learn more
about the global Sands Cares program, visit
sands.com/responsibility/communities/.
To learn more about Nevada Partnership for Homeless Youth, visit
nphy.org.
About Sands (NYSE: LVS)
Sands is the world's
preeminent developer and operator of world-class integrated
resorts. The company's iconic properties drive valuable leisure and
business tourism and deliver significant economic benefits,
sustained job creation, financial opportunities for local
businesses and community investment to help make its host regions
ideal places to live, work and visit.
Sands' portfolio of properties includes Marina Bay Sands in Singapore and The Venetian Macao, The Plaza
Macao, The Londoner Macao, The Parisian Macao and Sands
Macao in Macao SAR, China, through majority ownership in Sands
China Ltd.
Dedicated to being a leader in corporate responsibility, Sands
is anchored by the core tenets of serving people, communities and
the planet. The company's ESG leadership has led to inclusion on
the Dow Jones Sustainability Indices for World and North America, as well as Fortune's list of
the World's Most Admired Companies. To learn more, 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 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 work with homeless youth, NPHY creates
productive, healthy adults who contribute to society. Strengthening
and complementing the high-quality direct services for homeless
youth, NPHY is dedicated to advocating with and for the Las 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.
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SOURCE Las Vegas Sands