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MINNEAPOLIS, Nov 03, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Piper Jaffray is pleased to announce that the Piper Jaffray Foundation has awarded grants to 58 nonprofit organizations across the firm's geographic regions for a total of $268,250 in its second round of grantmaking for 2005. This round supports arts and culture organizations whose programs advance access to the arts, address cultural enrichment and issues related to diversity and impart their value to youth.

"We are delighted to support the arts and culture organizations that are such a vital part of the communities in which we live and work," said Andrew Duff, chairman and chief executive officer of Piper Jaffray Companies. "We feel it is important to support these cultural organizations that give youth access to the arts."

Piper Jaffray awarded grants to arts and cultural organizations that are accessible and partner with schools on a regular basis. Other characteristics included whether the organizations offered discount programs and have affordable programming targeted to non-traditional audiences. The organizations selected are collaborative and have programs that feature artists of diverse heritage and use their art to educate about racial and cultural issues.

The Piper Jaffray Corporate Community Involvement Council guides the overall involvement efforts and makes funding decisions in the Twin Cities. Local decision making resides with the firm's Regional Community Involvement Councils. In addition, Piper Jaffray has made a commitment to contribute five percent of its pre-tax earnings to charity each year through a combination of cash contributions, in-kind contributions and volunteer hours.

For additional information and a complete list of the grants, visit http://www.piperjaffray.com/grants.

Piper Jaffray Companies (NYSE: PJC) is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments: Capital Markets and Private Client Services. Through its chief operating subsidiary, Piper Jaffray & Co., the firm has served corporations, government and non- profit entities, institutional investors and the financial advisory needs of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 104 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com.

SOURCE Piper Jaffray & Co.

Susan Beatty, Public Affairs and Media Relations of Piper Jaffray & Co.,
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