Foundation Donates $5,000 to CMN Hospitals
FOR IMMEDIATE RELEASE:
Feb. 6, 2013
Virginia Credit Union League/Credit Unions Care Foundation of Virginia
800.768.3344, ext. 629
The Credit Unions Care Foundation of Virginia has donated $5,000 to the Children's Miracle Network Hospitals serving the commonwealth. The Foundation is the charitable arm of Virginia's 180 not-for-profit, member-owned credit unions. It was formed in 2009 through the efforts of the Virginia Credit Union League, the statewide trade association for Virginia-based credit unions.
The $5,000 donation was made possible by credit unions' support of a charitable car raffle sponsored by the Foundation last year. The charity car raffle raised $23,000, with the Foundation earmarking a portion of the proceeds for Children's Miracle Network Hospitals. Since the raffle concluded last fall around the time of the unfortunate devastation surrounding Superstorm Sandy, the Foundation gave $5,000 to the American Red Cross to aid relief efforts. Remaining proceeds will be distributed through micro community grants throughout the state.
"The Foundation is thankful for the tremendous support of our credit unions," said David Miles, Chief Operating Officer. "We're proud to say that for a new Foundation, we disburse between $50,000 and $100,000 annually in support of charitable and community causes."
The Foundation's donation to CMN Hospitals will be routed through Credit Union Miracle Day, a credit union-led organization that supports CMN Hospitals through a family of popular road races, including the Credit Union Cherry Blossom Ten Mile Run in Washington, D.C. Credit Union Miracle Day accepts donations to CMN Hospitals from credit unions and credit union groups, leveraging those donations to secure additional monies through matching funds and sponsorships.
Through sponsorships and donations, Credit Union Miracle Day raises hundreds of thousands of dollars each year within the credit union system for CMN Hospitals. Learn more at www.miracleday.org/
About Children's Miracle Network Hospitals
Children's Miracle Network Hospitals is a non-profit organization that raises funds for more than 170 children's hospitals. Countless individuals, organizations and media partners unite with Children's Miracle Network hospitals to help sick and injured kids in local communities. Donations to Children's Miracle Network create miracles by funding medical care, research and education that saves and improves the lives of 17 million children each year. Learn more at www.childrensmiraclenetworkhospitals.org/
About Credit Unions
Credit unions are not-for-profit financial institutions that are owned and controlled by their members. Credit unions return earnings to their members in the form of lower rates on loans and better rates on savings. The Virginia Credit Union League is the statewide trade association for the Commonwealth's 180 credit unions. Learn more at www.vacul.org.
The Credit Unions Care Foundation of Virginia is a cooperative charitable organization founded and funded by Virginia's credit unions to further their charitable, education and community development initiatives. Learn more at www.creditunionscarefoundation.org.