We are delighted to make this donation to Food for Life
BURLINGTON, CANADA — CIT Canada, a leader in providing lending, leasing and advisory services to small businesses and middle market companies, today announced that it would donate $2,500 to Food For Life, a Burlington-based non-profit that collects and distributes fresh food to people in need within the Halton region and surrounding areas, after it received the third most online votes during CIT’s second annual Foodortunity contest. CIT Canada is part of CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of commercial lending and leasing services.
“We are delighted to make this donation to Food for Life,” said Stacy Papas, Director of Philanthropy and Community Involvement for CIT. “Food for Life holds a unique niche among Canadian food relief charities in that they focus on redistributing fresh food as opposed to canned goods. We hope that all featured through our contest benefited from the increased exposure by shining a light on the great work they do for those in need.”
Chris Roberts, Executive Director of Food for Life, said, “Our clients tell us that they are often not able to afford fresh food and that having access to this healthy food allows them to focus on obtaining other life essentials as they work towards no longer relying on our services. Every dollar counts for us so we’re grateful to receive this contribution from CIT as we rely 100% on donations. Though our strategic alliances, we are able to turn every donated dollar into $15 worth of food. This donation from CIT will actually provide the equivalent of $37,500 worth of food. CIT and its employees are proof that we all have the power to make an impact in the neighborhoods where we live and work.”
Blake Macaskill, Managing Director, CIT Canada, said “I’m proud of all our employees and friends that took the time to solicit support for Food for Life through this contest. This is a great organization that we hope to continue supporting in the years to come.”
CIT’s Foodortunity contest is designed to increase awareness of local community organizations that focus on providing food and meals to those in need. Over the course of the 6-week voting period, individuals could vote online to determine which charity should receive the $10,000 grand prize donation, as well as $5,000 for second place and $2,500 for third place. Food for Life accumulated 35,953 votes out of 166,000 total votes cast.
This year, as part of CIT’s efforts to give back to the communities in which its employees and customers live and work, CIT employees collected more than 75 tons of food and goods and donated more than 8,200 hours of their time to support their communities.
About Food for Life
Food for Life collects surplus perishable food (fruit and vegetables, dairy, meat and prepared foods) from both retail and wholesale food suppliers and grocery stores and is the largest food recovery organization in Halton region. A volunteer-powered, grassroots-driven organization led by a small staff, Food for Life employs just 7 full-time staff yet utilizes approximately 800 volunteers from the community to mobilize our mission. Food for Life thrives on the spirit of teamwork with an unparalleled network of support from individuals, corporations and foundations in the Halton region. This year, Food for Life will distribute close to 2 million pounds of donated food from our partners directly into the hands of the hungry throughout our community. foodforlife.ca
About CIT Canada
CIT Canada provides lending, leasing and advisory services to small businesses and middle market companies. It offers tailored cash flow and asset-based leveraged financing solutions, as well as equipment and project financing and leasing products to the Construction, Food Franchise, Healthcare, IT, Office Product, Private Equity, Renewable Energy & P3 and Transportation sectors.cit.com/canada
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $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 lending, factoring, retail and equipment finance, as well as aerospace, equipment 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