LOS ANGELES -- (Business Wire)
CapitalSource recently awarded 18 cash donations totaling $50,000 to
non-profit organizations through its employee driven Holiday Donation
Program. Organizations were nominated and selected by employees based on
cause, need, and personal involvement.
“CapitalSource is committed to giving back through volunteerism and
financial support throughout the year. Our yearly CapitalSource Holiday
Donation Program supports deserving organizations in our markets
nationwide, where we are able to channel cash donations to organizations
that touch our employees,” said Tad Lowrey, CapitalSource Bank Chairman
and CEO. “Employees nominate an organization because of their personal
experience and involvement or purely because the cause itself motivates
them to participate in this unique program. CapitalSource is proud to
help organizations in California and throughout the country improve the
quality of life for their beneficiaries and our communities.”
Since being founded in 2000, CapitalSource has matched its financial
strength by establishing a strong record of giving back. In 2012,
CapitalSource employees volunteered 2350 hours and donated over $335,000
to community charities. Our company recognizes our employees' generosity
by matching employee donations to qualifying charitable organizations
and employees also participate in youth financial training programs,
food drives, elder abuse awareness programs, and other worthwhile
initiatives. Many projects are already in the planning stages for 2013,
including the building of a playground.
This year’s recipients of the CapitalSource Holiday Donation program
were: Assistance League of Tustin, Bakersfield Homeless Center, Concept
7, Family Service Association of Redlands, Food and Friends, Foothill
Unity Center, Greater Chicago Food Depository, Imagine LA, Juvenile
Diabetes Research Foundation (Illinois Chapter), Kern Bridges Youth
Home, Many Mansions, N Street Village, Orange County Rescue Mission,
Rebuilding Together, So Others Might Eat, Steven’s Hope for Children,
Valley Food Bank, and Whittier Meals on Wheels.
CapitalSource Inc. (NYSE: CSE), through its wholly owned subsidiary
CapitalSource Bank, makes commercial loans to small and middle-market
businesses nationwide and offers depository products and services in 21
retail branches in southern and central California. CapitalSource,
headquartered in Los Angeles, CA, had total assets of $8.7 billion and
total deposits of $5.5 billion as of September 30, 2012. For more
information, visit www.capitalsource.com.
Peter Duckler, 424-278-1592
Source: CapitalSource Inc.