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On November 15, more than 600 members of the Wall Street community turned their attention away from stock futures and put their combined effort into the futures of children suffering from catastrophic diseases such as cancer.
For the 16th year, the people of Wall Street have embraced the mission of St. Jude by participating in the Taste of New York held at Pier Sixty in New York City. The evening of dining raised more than $1.5 million for the children of St. Jude. Attendees sampled cuisine from some of New York's finest restaurants including Bobby Van's Steakhouse, One Little West 12th Street, Butter Restaurant, Ulysses' Folk House, IL Monello, and Jacques Torres Chocolate Haven. Guests were able to work up an appetite for the dining with silent and live auctions of a number of one-of-a-kind items such as autographed sports memorabilia, trips to the Bahamas and Bermuda, dinner at the famous RAOS, lunch with actress Anne Hathaway and dinner with Mad Money's Jim Cramer.
Taste of New York has been one of the biggest fund-raising events for St. Jude since the event's inception in 1990. Organized by a committee of 40 investment professionals from almost every major stock and investment firm in the industry, the event raises close to $2 million each year and has raised more than $24 million for the hospital in its history.
Proceeds from the event have gone to support various programs at St. Jude including gene therapy, bone marrow transplants, immunology and AIDS vaccine research. This year's proceeds will support the St. Jude brain tumor program.
In addition to the Nov. 15 gala, several firms are holding special trading days during which designated commissions will be donated to St. Jude. Tradition Financial Services raised $75,000 during its Nov. 14 trading day. McNamara Trading (PHLX) donated $75,000 from designated commissions on Nov. 16. CIBC Miracle Day will support St. Jude on Dec. 7 and NYFIX will hold its second annual Trading Day for St. Jude on Dec. 8.
"On behalf of the entire ALSAC/St. Jude family, I want to thank and congratulate the Wall Street committee on this tremendous success," said John P. Moses, Chief Executive Officer of ALSAC, the hospital's fund-raising arm. "This event and the funds raised by it will allow us to continue our unparalleled scientific research and unsurpassed patient care."