By Business Wire, March 20, 2013, 08:30:00 AM EDT
Neighbors Helping Neighbors
LIVINGSTON, N.J.--(BUSINESS WIRE)--
CIT
Group Inc. (NYSE:CIT) cit.com,
a leading provider of financing and advisory services to small
businesses and middle market companies, today announced that its
Livingston-based employees have donated more than 30 tons (60,000
pounds) of food as part of its inaugural company-wide global initiative
to fight hunger. The food will be donated to Morris Plains, NJ-based Interfaith
Food Pantry and is expected to provide approximately 50,000 meals to
families in New Jersey. This effort will be added to the 87 tons
(174,000 pounds) of food and personal items previously donated by CIT's
Jacksonville, Florida employees over the last seven years during their
annual food drive. Building on this strong foundation of giving, CIT
offices around the world will sponsor similar Employee Food Drives
throughout 2013 in addition to continuing to sponsor local volunteer
projects that support their neighbors and community organizations.
CIT Employees Donated More Than 30 Tons of Food For NJ-based Interfaith Food Pantry. (Photo: Business Wire)
"I am extremely proud of the overwhelming support and generous
contributions of our employees who donated in excess of 30 tons of food
- more than triple our initial food drive goal," said John
Thain, Chairman and CEO of CIT. "Volunteer groups and non-profit
organizations such as New Jersey's Interfaith Food Pantry do a
tremendous amount to support our communities. It's important that we
support their good work in an effort to further strengthen the fabric of
the communities in which we live and work."
Rosemary Gilmartin, Executive Director at New Jersey's Interfaith Food
Pantry, said, "We're grateful to CIT for their generous donation to our
organization - which was sorely needed as our supply was perilously low.
The demand has been incredible as the economy continues to struggle.
While we receive wonderful support from the entire community, we have
never seen a drive on this scale done by one company. It's truly
remarkable and we are extremely overjoyed to receive such great support
from such an extraordinary team of people."
Established in 1994, New Jersey's Interfaith Food Pantry was formed when
a group from local houses of worship decided to address the growing
issue of hunger by consolidating their food assistance programs. As a
non-denominational, non-profit 501(c)(3) organization, the Pantry helps
families make ends meet by supplementing their monthly groceries in
times of need.
EDITOR'S NOTES
Photos of the Livingston Annual Employee Food Drive can be downloaded at cit.com/fooddrive.
View this video,
which highlights the Annual Employee Food Drive in Jacksonville, FL.
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About Interfaith Food Pantry
The Interfaith Food Pantry provides food and groceries to eligible
Morris County residents. Applications are taken and food is given to
anyone in need. The Pantry's clients are primarily senior citizens
living on fixed incomes and low-income working families in Morris
County. Groceries are provided to anyone in need that has appropriate
facilities to cook the food given. Current clients include senior
citizens, disabled individuals, low-income wage earners, unemployed
workers and families in crisis. Each family is allowed to visit the
Pantry monthly where they shop off the Pantry shelves, selecting what
they need for their family. Fresh vegetables and meat are distributed
when available. mcifp.org
About CIT
Founded in 1908, CIT
(NYSE:CIT) is a bank holding company with more than $33billion
in financing and leasing assets. A member of the Fortune 500, it
provides financing and leasing capital and advisory services to its
clients and their customers across more than 30 industries. CIT
maintains leadership positions in small business and middle
market lending, factoring,
retail
finance, aerospace,
equipment
and rail
leasing, and global
vendor finance. CIT also operates CIT
Bank (Member FDIC), its primary bank subsidiary, which, through its
online bank BankOnCIT.com,
offers a suite of savings options designed to help customers achieve a
range of financial goals. cit.com
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130320005490/en/
Source: CIT