LOS ANGELES--(BUSINESS WIRE)--CapitalSource recently awarded 18 cash donations totaling $50,000 to non-profit organizations through its employee driven Holiday Donation Program. Organizations were nominated and selected by employees based on cause, need, and personal involvement.
“CapitalSource is committed to giving back through volunteerism and financial support throughout the year. Our yearly CapitalSource Holiday Donation Program supports deserving organizations in our markets nationwide, where we are able to channel cash donations to organizations that touch our employees,” said Tad Lowrey, CapitalSource Bank Chairman and CEO. “Employees nominate an organization because of their personal experience and involvement or purely because the cause itself motivates them to participate in this unique program. CapitalSource is proud to help organizations in California and throughout the country improve the quality of life for their beneficiaries and our communities.”
Since being founded in 2000, CapitalSource has matched its financial strength by establishing a strong record of giving back. In 2012, CapitalSource employees volunteered 2350 hours and donated over $335,000 to community charities. Our company recognizes our employees' generosity by matching employee donations to qualifying charitable organizations and employees also participate in youth financial training programs, food drives, elder abuse awareness programs, and other worthwhile initiatives. Many projects are already in the planning stages for 2013, including the building of a playground.
This year’s recipients of the CapitalSource Holiday Donation program were: Assistance League of Tustin, Bakersfield Homeless Center, Concept 7, Family Service Association of Redlands, Food and Friends, Foothill Unity Center, Greater Chicago Food Depository, Imagine LA, Juvenile Diabetes Research Foundation (Illinois Chapter), Kern Bridges Youth Home, Many Mansions, N Street Village, Orange County Rescue Mission, Rebuilding Together, So Others Might Eat, Steven’s Hope for Children, Valley Food Bank, and Whittier Meals on Wheels.
CapitalSource Inc. (NYSE: CSE), through its wholly owned subsidiary CapitalSource Bank, makes commercial loans to small and middle-market businesses nationwide and offers depository products and services in 21 retail branches in southern and central California. CapitalSource, headquartered in Los Angeles, CA, had total assets of $8.7 billion and total deposits of $5.5 billion as of September 30, 2012. For more information, visit www.capitalsource.com.