Scargo Hill Capital launched SLC Pay It Forward, a non-profit founded in memory of Stewart L. Cohen (1954-2016). Led by Andy Moser, Jacen Dinoff and the Cohen family, SLC Pay It Forward’s mission is focused on three core concepts: goodwill, mentorship and education.

Cohen, who died in May, 2016, would have been 63 on Thursday, March 16.

“Nobody has influenced my life more in the last 25 years than Stewart Cohen,” said Moser, managing partner and CEO of Scargo Hill Capital. “He was a friend and a mentor, someone who taught me so much throughout my career. It is my obligation and honor to ‘Pay It Forward,’ which is why I led the formation of the non-profit in his honor.”

SLC Pay It Forward will actively seek to further the education of corporate recovery industry professionals and provide a vehicle for connecting successful executives with qualified students to provide mentorship, internships and potential employment.

Working with Northeastern University, Cohen’s alma mater, SLC Pay It Forward will also aim to arrange co-op opportunities for those interested in pursuing a career in finance, specifically restructuring and corporate renewal.