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    CIT Employees Donate More Than 41 Tons of Food for Two NJ-Based Interfaith Food Pantries
    Provides Approximately 69,500 Meals to Families in New Jersey
    Thursday, April 3, 2014 08:30 AM
    Last year our employees around the world collected more than 95 tons of food and are committed to surpassing that number this year. Organizations like the Interfaith Food Pantries serve an important role in our community and we’re pleased to support their efforts.

    LIVINGSTON, NJ — 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 personally donated more than 41 tons (82,000 pounds) of food as part of its Shared Harvest global food drive program. The food will be donated to the  Interfaith Food Pantries serving Morris County and the Oranges and is expected to provide approximately 69,500 meals to families in New Jersey.

    “I’m very proud of the efforts and generosity of our employees who, for a second year in a row, far exceeded our goals of collecting and donating food for our local area pantries,” said John Thain, Chairman and CEO of CIT. “Last year our employees around the world collected more than 95 tons of food and are committed to surpassing that number this year. Organizations like the Interfaith Food Pantries serve an important role in our community and we’re pleased to support their efforts.”

    Rosemary Gilmartin, Executive Director at the Interfaith Food Pantry serving all of Morris County, said, “The issue of hunger is growing all the time, and as unemployment and underemployment continues, the need for food donations is greater than it’s ever been. We currently are distributing almost 17,000 pounds of food a week and I t is a constant struggle to keep the shelves stocked. This is the second year we have been the beneficiaries of CIT’s generosity. The employees of CIT care and those with the ability to donate have been extremely giving.”

    Peggy Baggaley, Pantry Coordinator at the Interfaith Food Pantry of the Oranges, said, “Although people seem to donate more around the holidays, we’re constantly in need of food on our shelves, especially as we approach summer and kids are out of school and not provided lunches. As part of the 18 pantries in Essex County that are part of Meeting Emergency Needs with Dignity (MEND), we serviced 14,000 people in 2013, the second most. CIT’s donation came at an incredibly important time as our stock was perilously low.”

    In 2014, CIT offices around the world will sponsor similar employee food drives as part of its Shared Harvest food drive program while continuing to sponsor local volunteer projects that support their neighbors and community organizations.

    EDITOR’S NOTE
    CIT employees give back to our communities in so many ways — from providing food for the hungry to building homes for those in need.  Learn more about what we do at cit.com/volunteerism

    View CIT’s corporate overview video (cit.com/corporatevideo) and CIT Perspectives (cit.com/perspectives), which showcase our insights and ability to put our knowledge to work for the small business, middle market and transportation sectors. Follow us on TwitterLinkedInYouTube and Facebook or register to receive press releases atcit.com/newsalerts.

    About Interfaith Food Pantry Serving Morris County
    The Interfaith Food Pantry provides food and groceries to eligible Morris County residents. 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 Interfaith Food Pantry Serving the Oranges
    The Interfaith Food Pantry of the Oranges (IFPO) is a collaborative effort of four religious congregations in Short Hills and South Orange, New Jersey—Christ Church, Congregation Beth El, Congregation B’nai Jeshurun, and Temple Sharey Tefilo-Israel. IFPO provides supplemental and emergency food to low-income residents of Orange and East Orange each Wednesday, except for the first Wednesday of the month. Clients include families, people with disabilities, veterans, elderly, single mothers, individuals, immigrants and the “working poor”—individuals who are employed but do not earn enough income to meet their basic needs. orangesfoodpantry.org 

    About CIT
    Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lendingfactoringretail and equipment finance, as well as aerospaceequipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com 

    ###

    CIT MEDIA RELATIONS:
    C. Curtis Ritter
    Senior Vice President ofCorporate Communications
    973-740-5390
    Curt.Ritter@cit.com

    Matt Klein
    VP, Media Relations
    973-597-2020
    Matt.Klein@cit.com

    CIT INVESTOR RELATIONS:
    Barbara Callahan
    Senior Vice President
    (973) 740 -5058
    Barbara.Callahan@cit.com

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