Stonehenge Capital Announces $2.2 million Investment in the Shaquille O’Neal Foundation and Boys & Girls Club of Southern Nevada

Stonehenge Capital (Stonehenge) invested $2.2 million New Markets Tax Credit (NMTC) investment to the The Shaquille O'Neal Foundation for the development of the Shaquille O’Neal Youth Complex a 33,000 sq. ft. state-of-the-art facility—estimated at $24 million in the heart of Clark County.

The Complex will be operated by the Boys & Girls Clubs of Southern Nevada and Communities In School Southern Nevada. The campus will feature an early childhood center, 54,000 square-foot multi-sports field sponsored by the Las Vegas Raiders, Mixed Martial Arts & boxing center sponsored by UFC, and CIS Alumni Center for mentoring, job training, and leadership development—made possible in part by the Elaine P. Wynn & Family Foundation. The Las Vegas Metropolitan Police Department Neighborhood Office will be located onsite to enhance public safety and foster community engagement.

The investment will support wraparound programming for over 2000 youth ages 3 to 18.  While addressing the acute shortage of licensed childcare providers in Clark County, where 75% of children under 5 lack access to care, the project’s impact goes beyond early childhood. It will create 10 new full-time jobs, retain 37 existing jobs, and provide access to after-school and summer programs focused on academic achievement, character development, healthy lifestyles, and career readiness.

U.S. Bancorp Impact Finance served as the state NMTC investor for the project. Additional NMTC allocations were provided by Central States Development Partners, Prestamos CDFI, Five Points Community Capital, Urban Action Community Development, Consortium America, Brownfield Revitalization, Petros Community Impact Fund, Pacesetter CDE, and National Community Fund I.

About Stonehenge Capital Company

Founded in 1999, Stonehenge is a nationally recognized impact investor focused on providing transformational capital to lower middle market operating companies. Stonehenge operates one of the largest and most successful federal and state New Markets Tax Credit practices in the industry, managing over $1.4 billion in investments across distressed communities nationwide. The firm also provides traditional debt and equity financing through state-targeted small business investment funds, with over $400 million in Assets Under Management.

About The Boys and Girls Club of Southern Nevada

For over 60 years, Boys & Girls Clubs of Southern Nevada has provided safe spaces and supportive programming for young people, helping them become productive, caring, and responsible citizens.

About The Shaquille O’Neal Foundation

The Shaquille O’Neal Foundation creates pathways for underserved youth, helping them achieve their full potential. Established in 2019 by the NBA Hall of Famer, television sports analyst and entrepreneur Shaquille O’Neal, the Foundation works to instill hope and bring about change in communities, collectively shaping a brighter future for our children. While primarily partnered with Boys & Girls Clubs and Communities In Schools, the Foundation simultaneously supports Shaquille’s other charitable endeavors, such as his annual Shaq-a-Claus holiday event and initiatives alongside his corporate partners. For more information, visit shaqfoundation.org. 

MEDIA CONTACT Jonathan Ernst, CPA jcernst@stonehengecapital.com

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