Paychex Charitable Foundation commits $1 million to Junior Achievement USA®

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits and insurance services, today announced that Junior Achievement USA®, the nation’s largest organization dedicated to providing young people with the knowledge and skills they need for financial success , will receive a $1 million grant from the Paychex Charitable Foundation. The grant, which awards $250,000 annually over four years, will support the long-term financial health of America’s youth in key markets where Paychex has a high concentration of employees.

This is the third major gift given under the Paychex Charitable Foundation’s strategic framework focused on wellness, addressing mental health, physical health, financial health and professional skills development. This gift to Junior Achievement will benefit the financial health focus area. Paychex announced similar grants to Mental Health America and Feeding America earlier in 2023 to support emotional and physical well-being, respectively.

“As one of the nation’s leading providers of HR, payroll, benefits and insurance solutions, Paychex has a unique perspective on the financial challenges facing American workers and the critical role strong financial literacy plays as young Americans enter the workforce,” said John Gibson, Paychex president and CEO. “This insight underpins our belief that successful local economies start with vibrant communities — and economic health is the foundation of that mission. Our ongoing support of Junior Achievement will help ensure the next generation of workers has the knowledge and skills for economic success.”

With more than 100 local affiliates across the United States, Junior Achievement reaches more than three million students per year in approximately 127,000 classrooms and after-school locations with core program content focused on job readiness, entrepreneurship and financial literacy.

“We at Junior Achievement know that for many young people, education in financial literacy at school is an important part of experiencing financial health later in life,” said Jack E. Kosakowski, president and CEO of Junior Achievement USA. “We greatly appreciate Paychex’s investment and partnership to ensure more young people have access to the information they need to benefit themselves, their families and ultimately their communities.”

In addition to this financial gift from the Paychex Charitable Foundation, Paychex will seek opportunities to engage its 16,000 employees as a volunteer network to help advance Junior Achievement’s mission to support the long-term financial health of America’s youth. The markets that will receive funding through this gift are: Albuquerque, NM; Allentown, Pa.; Baton Rouge, La.; Chicago, Ill.; Pasadena, California; Phoenix, Arizona; Rochester, NY; San Diego, California; St. Petersburg, Florida; Tampa, Florida and West Palm Beach, Florida.