Top 100 accounting firm, SAX, announced that its partners have collectively contributed $1 million to the SAX Charitable Foundation. This donation comes on the heels of a recent minority investment in the firm by Cobepa, an independent investment company.
The firm’s CEO, Joseph Damiano, said the funds will “help us further our mission of empowering exceptional charities—those that are developing the next generation of leaders, strengthening our communities, and inspiring purpose and passion among our employees and partners.”
The donation is a direct result of SAX partners seeing an opportunity to invest in both the future of their business and the communities they serve, reinforcing the firm’s long-standing commitment to social responsibility.
SAX’s foundation said it will distribute the funds to nonprofit organizations that align with the firm’s core values and focus areas, including education, community development and leadership initiatives.
The investment from Cobepa is intended to accelerate SAX’s expansion along the East Coast, improve its service offerings, and boost innovation. Despite the investment, the firm will remain independent.
