$60,000 gift will help underwrite the nonprofit’s mental health services for post-9/11 veterans, active-duty service members, and their families
FOR IMMEDIATE RELEASE
DECEMBER 14, 2022 — MELVILLE, N.Y. – American Veterans Group (AVG), a social impact investment bank and Wall Street’s first and only public benefit corporation, has provided a grant to Cohen Veterans Network (CVN), a national not-for-profit network of mental health clinics for post-9/11 veterans, service members and their families, to support their work to improve mental health in the veteran community.
The $60,000 gift from AVG will be used to fund one clinical fellow (recently graduated or early career clinicians) for one year who will provide more than 700 clinical sessions to military or vet- eran clients while enabling the fellow to become a licensed clinician. CVN fellows serve at CVN locations in Clarksville, Tennessee; Fayetteville, North Carolina; Silver Spring, Maryland; San Diego, California; Anchorage, Alaska; Tampa, Florida; Lakewood, Washington; and San Antonio, Texas.
AVG is a rapidly growing social-impact investment banking firm that dedicates 25% of its earn- ings to support veterans causes. The firm directs its philanthropic giving to communities where it and its clients do business. Including the donation to CVN, AVG has donated more than $600,000 to 37 veteran non-profit organizations.
“An important part of our social mission is to collaborate with like-minded organizations on im- portant social impact initiatives,” said Ben Biles, co-founder and chief executive officer of Ameri- can Veterans Group. "Bank of America is a strong supporter of the work CVN does, and we at AVG are excited to serve alongside them as, together, we make a broader impact on the veter- an community. We wholeheartedly support CVN in the important work they are doing to improve the lives of veterans and their families.”
CVN provides client-centered, evidence-based mental health services to post-9/11 veterans, active-duty service members, and their families. Services are available regardless of discharge status, role while in uniform, or combat experience. The network seeks to improve mental health 1 outcomes for a variety of concerns through its 22 outpatient clinics in high-need communities across the country.
“Directing their philanthropy to CVN in recognition of Bank of America’s partnership with us un- derscores the unique approach to philanthropy that sets AVG apart from its peers,” said Dr. An- thony Hassan, president and CEO of Cohen Veterans Network. “We are grateful for the contri- bution AVG has made to CVN in support of our efforts to develop the next generation of clini- cians and promote access to high-quality care. We additionally applaud their mission to further the social impact that companies such as Bank of America are having on the veteran community.”
“For many veterans, accessing mental healthcare is vital to a successful transition to civilian life,” said Lindsey Streeter, Senior Vice President of Military Affairs at Bank of America and re- tired Army Command Sergeant Major. “The work done by both AVG and CVN creates a mean- ingful difference in the lives of our military veterans and their families. With this generous sup- port from AVG, CVN can continue to prioritize mental healthcare for our nation’s heroes.”