Posted: March 6th, 2016
MEMPHIS, March 7, 2016 – A newly commissioned study by Boys & Girls Clubs of America (BGCA) found that Clubs are a sound investment, providing nearly $10 in benefits to the community for every dollar invested.
The study, conducted by the Institute for Social Research and the School of Public Health at the University of Michigan, found that every dollar invested in Boys & Girls Clubs returns $9.60 in current and future earnings, as well as cost-savings, to American communities. The biggest benefits are from Club members’ improved grades and reduced alcohol use and their parents’ earnings. Collectively, Clubs spend $1.4 billion annually on operating costs, resulting in $13.8 billion in lifetime benefits to youth, families and society.
The Boys & Girls Clubs of Greater Memphis has been serving the youth who need us most for 54 years. By providing programs that focus on Academic Success, Good Character and Citizenship, and Healthy Lifestyles, Clubs have helped generations of young people achieve the great futures they deserve. Every year Boys & Girls Clubs of Greater Memphis spends $3 million on operating costs for six Club locations, creating $28,800,000 in economic benefits to youth, families, and the community.
“We were thrilled, but not surprised, to receive the results of this study. We have long known how valuable Clubs are to our community, but it’s great to have independent confirmation of the benefits Clubs provide, not only to young people, but to their parents and the community as well,” said Keith Blanchard, President and CEO for the Boys & Girls Clubs of Greater Memphis.
The study is the first national return on investment estimate for Boys & Girls Clubs. Researchers made use of newly available youth outcomes data, collected through surveys of Club members across the country, to examine how the costs required to provide Club programming compare to the long-term benefits for youth and families in economic terms.
The study indicates that Boys & Girls Club services and programs produce tremendous value for youth, families and their communities. Clubs help increase the earning power of parents, as well as of youth when they become adults. They also contribute to major savings for society by helping to prevent costly expenditures for health care, public assistance programs, and criminal justice system involvement and incarceration.
Learn more about programs and activities offered by Boys & Girls Clubs of Greater Memphis at www.bgcm.org or 901.278.2947
For media inquiries, or to arrange an interview, please contact Mandy Powell, VP of Development & External Affairs at mandyp [at] bgcm [dot] org or 901.278.2947