December 27, 2017 at 4:24 p.m.
CoVantage Cares Foundation provides $240,000 to non-profit organizations
CoVantage Cares Foundation provides $240,000 to non-profit organizations
Giving Tuesday, which is immediately after Black Friday, is nationally-recognized for charitable giving. This date was selected by the Foundation as an opportune time to kick off a fund-raising effort in support of local organizations that help local individuals and families in need, the release states. Branch staff throughout CoVantage Credit Union's locations were asked to select a non-profit group in their community to be the recipient of funds raised, with the understanding that contributions generated during the two-week effort would be matched up to $75,000 by CoVantage Cares Foundation. Because of the overwhelming response in public giving, the Foundation has since decided to increase their matching gift to $100,000. Thanks to this gift, along with the generosity of many, donations totaling $239,653 are being gifted locally.
According to Charlie Zanayed, CoVantage CEO and CoVantage Cares Foundation board member, "We are so thankful to our 100,000 member-owners who support CoVantage Credit Union and their local community. We are very grateful to our members, employees, and community members for their generosity and could not be more thrilled to be able to give a financial boost to these nine deserving charities right before the holidays."
Charities selected to receive funding from this year's Giving Tuesday initiative and their sponsoring CoVantage branches include: Northwoods United Way (Crandon and Rhinelander), United Way of Langlade County (Antigo), Elcho Food Pantry, Big Brothers Big Sisters of Northcentral Wisconsin (Wausau, Weston, Rib Mountain, and Rothschild), SAM25 Homeless Shelter (Shawano), Boys and Girls Club of Portage County, Iron County Cancer Unit (Iron River, Mich.), Friends of Camp Batawagama (Crystal Falls, Mich.), and Marinette-Menominee YMCA (Menominee, Mich.).
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