|
Corporate Social Responsibility
News
11.19.2006 ET
|
CSR News from:
|
|
|
News Category:
|
|
Southern California Socially Responsible Real Estate Investment Firm Learning Links Centers Launches Education Advantage Foundation, a Trailblazing Non-Profit Organization Providing Educational Opportunities for At-Risk Youth
Founders Pledge to Leave No Child Behind
(CSRwire) LOS ANGELES - Learning Links Centers, LLC(R) (LLC), a socially
responsible Southern California real estate investment company, announces
the launch of the Education Advantage Foundation (EAF), a non-profit
organization providing educational opportunities to at-risk youth in low-
to moderate-income neighborhoods in the Los Angeles area. The
announcement was made today by real estate entrepreneurs and LLC/EAF
co-founders Joe Killinger and George Pino.
"It's cliche to say that children are our future, but it's true, and at
EAF we're committed to providing the finest educational opportunities
possible for the youth of Los Angeles and, hopefully, beyond," said EAF
co-founder Killinger. "We aim to expand the Foundation's work into other
metropolitan areas in the near future and continue to fulfill our mission
to help tenants and their children prepare for success. We truly want to
leave no child behind."
EAF's goal is to promote higher education by providing scholarships and
no-cost after-school mentoring and tutoring programs to students, in
cooperation with apartment building owners. Through its expertise in the
real estate business, LLC acquires, refurbishes and manages apartment
buildings in targeted neighborhoods, setting aside a percentage of the
residential units for full-time school teachers, who receive significant
discounts on monthly rental fees in exchange for tutoring and mentoring
the children that live in the complex.
"EAF and LLC couldn't realize its goals without the support of other
like-minded investors," said EAF co-founder Pino. "We have been fortunate
to create a way for our investors to obtain a competitive return while
being socially responsible."
EAF specially renovates one unit in each building to serve as a study
suite called The Resource Center. Resource centers offer residents a safe
haven from drugs, crime and gangs and provide a positive alternative to
excessive television and video game use and other distractions. Each
center is supplied with mini library and reference materials such as books
and maps, as well as computers with supervised internet access, and
teaching tools for the students and mentors within each building.
LLC currently owns and operates five buildings containing 104 units in
Baldwin Village, Calif. With the added incentive of educational
opportunities, the buildings become desirable destinations for renters,
which minimizes vacancy, rental default and vandalism rates, thereby
helping to improve community standards. Students participating in EAF/LLC
programs range from kindergarten to the 12th grade.
Additional information on Learning Links Centers(R) and Education
Advantage Foundation can be found at the following links:
http://www.educationadvantage.org
http://www.learninglinkscenters.com
|
|