Phoenix, AZ (PRWEB) December 13, 2005
Scottsdale, Arizona /December 13, 2005/ – Cornerstone Advisors, Inc. announced today that it has distributed charitable contributions totaling over $10,000 to local and national groups as part of its 2005 Charitable Giving program.
In 2005, each Cornerstone employee was given the opportunity to designate a charity to which Cornerstone made a contribution in his or her name.
“Throughout the year, our employees give generously of their time and dollars to support organizations and causes that are meaningful to them. With this program, we wanted to highlight some of their individual efforts,” said Carl Faulkner, Principal, Cornerstone Advisors, Inc. A diverse range of organizations received contributions from Cornerstone in 2005:
- Alex’s Lemonade Stand (http://www.alexslemonade.com)
- American Cancer Society (http://www.cancer.org)
- American Society for the Prevention of Cruelty to Animals (http://www.aspca.org)
- Alzheimer’s Association (http://www.alz.org)
- Arizona Quest for Kids (http://www.azquestforkids.org)
- Arizona Special Olympics (http://www.specialolympicsarizona.org)
- Central Arizona Shelter Services (http://www.cass-az.org)
- CURE Childhood Cancer (http://www.curechildhoodcancer.org)
- Desert Mission Food Bank (http://www.jcl.com/foodbank)
- Foundation for the Homeless (http://www.foundationforthehomeless.org)
- Hancock Associate Assistance Foundation
- Make-A-Wish Foundation of America(http://www.wish.org)
- Red Cross for Hurricane Katrina Relief Efforts (http://www.redcross.org)
- Sunshine Acres (http://www.sunshineacres.org)
- Waste Not (http://www.wastenotaz.com)
- Wyatt Kyle Sutker Foundation (http://www.wkswithsma.org)
Cornerstone employees were generous in their support of both local and national charities. One example is Scottsdale, Arizona-based Waste Not, which gathers excess food from restaurants, hotels and stores around the valley and redistributes it to shelters and other outlets that feed the homeless and hungry.
“Waste Not is the only perishable food rescue operation in the valley. In 2004 we distributed more than 1.5 million pounds of food. On average, we provide 5,000 meals per day to the less fortunate members of our community,” said Dee Mitten, Executive Director, Waste Not. “Because we’re not as visible as some of our more well-known counterparts, we truly rely on each individual contribution to meet our goals.”
This year, a portion of Cornerstone’s contributions also went to the Red Cross Hurricane Katrina Relief Fund and the Hancock Associate Assistance Foundation. This fund is helping the employees of Hancock Bank of Gulfport, Mississippi rebuild after Hurricane Katrina’s devastation.
“Hancock Bank is an old friend of Cornerstone,” said Carl Faulkner, Principal, Cornerstone Advisors, Inc. “Our contribution was intended to express our gratitude to Hancock Bank and its associates, who have helped our business over the years.”
“We appreciate Cornerstone’s generosity,” said John Hairston, Executive Vice President & COO, Hancock Bank. “While Hancock Bank has returned to full operations at several interim sites, our associates are still in the midst of putting their lives back together. The goal of the Hancock Associate Assistance Foundation is to facilitate these efforts and help get lives back on track as quickly as possible.”
About Cornerstone Advisors, Inc.
Cornerstone Advisors, a management consulting firm focused exclusively on banks and credit unions, provides services in the areas of: strategic planning and facilitation, benchmarking and "best practices," process reengineering and profitability improvement, technology assessments and technology planning, system selection and contract negotiation. The Cornerstone team founded industry renowned GonzoBanker; publishes The Cornerstone Report: Benchmarks and Best Practices for Mid-Size Banks; and regularly contributes research, studies and expertise to the credit union community through CUES Tech Port.
Cate Pitts, Manager of Marketing and Communications,
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