January 18, 2017 at 3:22 p.m.
CoVantage Cares Foundation provides $76,000 to non-profit groups
CoVantage Cares Foundation provides $76,000 to non-profit groups
Giving Tuesday, which is the Tuesday after Black Friday, and is nationally-recognized for charitable giving, was selected by the Foundation as an opportune time to kick off a fund-raising effort to support organizations that help local individuals and families in need. Branch staff throughout CoVantage Credit Union's locations were asked to select a non-profit group in the community they serve to be the recipient of funds raised, with the understanding that contributions generated during the two-week effort would be matched, dollar for dollar, up to $40,000 by CoVantage Cares Foundation.
Thanks to the generosity of many, and creative fund-raising by CoVantage staff, a total of $37,850 was collected to be gifted locally, the release states. This amount was then doubled, to reach the $76,000 level, because of the matching grant pledged by CoVantage Cares Foundation. Charities selected to receive funding from this year's Giving Tuesday initiative and their sponsoring CoVantage branches include: Wausau Area Women's Community (Wausau, Weston, Rib Mountain, and Rothschild), Boys & Girls Club of Shawano County (Shawano), Portage County United Way (Stevens Point), United Way Northwoods (Crandon and Rhinelander), Iron County Cancer Unit (Crystal Falls and Iron River MI), Antigo Community Food Pantry and Weekend Backpack Program (Antigo), and Elcho Food Pantry (Elcho). The Foundation Board has indicated that while this is the first public campaign drive sponsored by CoVantage Cares Foundation, there will be opportunities for other organizations to receive funds from future public Foundation initiatives.
For more information about CoVantage Cares Foundation, or to obtain the grant application needed to request a donation, visit www.covantagecu.org/cares
CoVantage Cares Foundation was created by CoVantage Credit Union as another way to live their cooperative mission which includes giving back to local communities. CoVantage, which has their headquarters in Antigo, Wisconsin, has 13 branches, $1.4 billion in assets, 91,000 members, and 360 employees.
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