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Alliant CU Foundation donated 200K in first year
CHICAGO (9/16/10)--Alliant Credit Union Foundation recently completed its first year of operations as a 501c3 not-for-profit organization by donating $200,000 to worthy causes in line with its mission, announced David W. Mooney, president of the foundation and president/CEO of Chicago-based Alliant CU.
Alliant Credit Union Foundation presented Operation HOPE with an oversized check representing a grant supporting financial literacy during the foundation's first year of operating. From left are: Patricia Robles, (former) Operation HOPE Chicago Program manager; John Bryant, HOPE founder and chairman; David Mooney, Alliant CU president/CEO and foundation president; Wayne Rosenwinkel, foundation vice president; and Mona Leung, Alliant CU senior vice president and chief financial officer. (Photo provided by Alliant CU)
The foundation, which began operations during the summer of 2009, was established with a $4 million grant from the credit union. Its first sizable donation was to Operation HOPE, a national organization that promotes financial literacy and economic opportunity primarily in underserved areas. The foundation's purpose, said Mooney, "is to promote economic empowerment and self-sufficiency of people, especially in the communities in which Alliant CU members and employees live and work." Causes eligible for support include:
* Those related to education with an emphasis on financial literacy; * Charities helping those in need of assistance; and * Investments in community development projects and programs, especially in underserved areas.
During the year the foundation also provided assistance to students of Prescott Elementary School in Chicago, providing book bags of school supplies donated by Alliant CU employees and purchasing books for the school's Family Book Program. Financial gifts included funds for holiday gifts for seriously ill children in Chicago, Los Angeles, San Francisco, Denver, and the Washington, D.C. area. Its $10-to-$1 matching donation program helped Alliant CU raise more than $40,000 for the American Red Cross for Haiti relief. It also contributed to the Breast Cancer Network of Strength, Bear Necessities Pediatric Cancer Foundation, March of Dimes, Boys and Girls Club, Orphan Foundation of America, Special Olympics, Juvenile Diabetes Research Foundation and others.


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