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Read the press release here.

Wall Street Bigwigs Will Sleep on Street In Solidarity With Homeless Youth

By Gwynne Hogan | November 13, 2015 5:30pm | Updated on November 16, 2015 9:05am
 Some of the participants of previous years
Some of the participants of previous years "Sleep Out" will participate again this year.
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Covenant House

HELL'S KITCHEN — CEOs, hedge fund salesmen, financial analysts and investment bankers will surrender the comfort of their own homes to sleep out atop cardboard boxes in the street this Thursday night to raise $1.1 million for homeless youth.

The "Sleep Out" aims to levy funds for Covenant House, a nationwide non-profit that runs shelters and other support services for homeless youth.

It's the fourth executive "Sleep Out" hosted by Covenant House, where the 150 participants involved are all from upper level management of companies like Delta, Goldman Sachs, Deutsche Bank, and JPMorgan Chase.

On Thursday night they'll all sleep in the sidewalk in front of Covenant House's Hell's Kitchen location at 460 W. 41st St.

Perhaps sensing the "Sleep Out" might be perceived as controversial by some, Covenant House clarified that the event isn't about "pretending to be homeless," despite that fact that it, "does include taking a piece of cardboard and a sleeping bag into a parking lot or along a strip of sidewalk."

"It’s about showing a group of kids unconditional love and absolute respect - proving that you care enough about them to be uncomfortable for one night, to be vulnerable for their sakes," a description of the "Sleep Out" reads.

As of Friday they'd raised $777,000 and aimed to raise $1.1 million by next week. 

Just to put that in perspective, as of May 2015, JPMorgan Chase was valued at $225.5 billionGoldman Sachs at $86.5 billion, Deutsche Bank at $49.7 billion, according to Forbes.