This category includes articles about people, firms and foundations that invest in social good by investing in social entrepreneurs, social impact or pay-for-success bonds, etc.
This category includes articles about people, firms and foundations that invest in social good by investing in social entrepreneurs, social impact or pay-for-success bonds, etc.
Manhattan-based Energy Services Company Will Hit Reset on Stressed Solar Investments
NEW YORK, NY (October 21, 2013) — GP Renewables & Trading (www.gprenew.com), a multifaceted energy services company, today announced its plan to acquire up to $15 million in operating commercial solar photovoltaic projects from system owners who took advantage of the 1603 Payments for Specified Energy Property in Lieu of Tax Credits before its expiration at the end of 2011. Its focus is projects in New Jersey and Maryland where the owners are struggling to recoup their investment.
“There are thousands of system owners in New Jersey and Maryland who have been negatively impacted by sharp SREC price declines and are now caught up managing complex activities to maintain the value of their investment,” said Gabriel Phillips, CEO of GP Renewables & Trading. “GP Renewables will purchase these commercial-scale solar projects, specifically in New Jersey and Maryland.”
An incentives system, the Solar Renewable Energy Credit (SREC) program, helped encouraged thousands of solar installations in New Jersey and Maryland. Now, both states are experiencing a slowdown in SREC-related projects, and existing system owners are finding themselves below earlier levels of profitability.
At the time they were introduced, the high value of SRECs was driven by aggressive state and local policy measures and penalty prices intended to spur solar development. In its earlier days, the program caused what many now refer to as the “solar gold rush.”
“Faulty assumptions led many installers and investors to ignore the need for hedging their investments with SREC futures contracts,” added Phillips. “Projects were built predicated on 3 – 4 year payoffs, but the new reality is a 10 – 15 year period.”
GP Renewables & Trading will acquire the investors’ equipment and sell the power back to the investor at a discounted rate through a Power Purchase Agreement. This allows current owners to recover an upfront payment on their solar investments along with locking in a discounted power price into the 10 to 20 year horizon.
The purchase plan, however, constitutes a limited window for system owners. The federal 50% bonus depreciation for renewables under the “Modified Accelerated Cost Recovery System” in the Internal Revenue code is set to expire at the end of the year, at which point the value of purchasing a solar installation is likely to drop. At that point, according to Phillips, GP Renewables & Trading may not be able to offer as favorable prices to system owners.
With greater scrutiny of nonprofit governance in recent years, this publication presents new and practical ideas for leaders who are stewards of the public trust
WASHINGTON, D.C. (October 8, 2013) – Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced the release of its self-published book titled, “Governing Effective Nonprofits in the 21st Century.” This publication seeks to fill a void in the nonprofit sector by highlighting effective governance practices and by stimulating new ideas for nonprofit success.
“The Members of Horatio Alger Association possess a strong philanthropic commitment to provide scholarships for deserving young scholars who are otherwise unable to pursue higher education,” said Terrence Giroux, Executive Director of Horatio Alger Association. “Based on the experiences and insights of Horatio Alger Members, this book was published to inspire other charitable leaders to uphold the highest governance standards – regardless of the cause – and to provide best practices for effective leadership. Together with Brian Foss, the Association is proud to promote principles that contribute to effective nonprofit governance.”
Nonprofit boards of directors and other key leaders can significantly influence a charity’s governance and performance by adhering to the success factors outlined in “Governing Effective Nonprofits in the 21st Century.” As the book illustrates, the role of a board is to make strategic decisions that help to create exemplary nonprofit organizations, and based on insights from experts, the publication proposes strategic methods to fulfill charitable missions.
“As leaders of innovative enterprises, the Members of Horatio Alger Association understand the importance of good governance strategies. Through this book, the Association provides other nonprofit leaders with tools to effectively govern their own charitable organizations,” said Thomas J. Donohue, president and CEO, United States Chamber of Commerce and an Association Member, who authored the introduction for “Governing Effective Nonprofits in the 21stCentury.” “With $1.2 trillion expended annually in the nonprofit sector, one in ten Americans is currently employed by nonprofit organizations. The guidelines presented in the book will enhance the charitable sector by fostering success and engaging the trust of the community.”
While the concept of governance remains the same for all nonprofits, factors such as size, level of staffing and geographic scope influence the principles of governance as well as leadership styles. As a result, the book clearly states that one size does not fit all. It suggests a personalized approach to the key fundamentals that distinguish exemplary organizations, which include:
With more than 35 years of executive experience, “Governing Effective Nonprofits in the 21st Century” author Brian E. Foss offers valuable insight regarding mission-centered, nonprofit governance and management tactics. Working closely with Horatio Alger Association, Foss has advised the Association on best practices for nonprofit governance and philanthropic efforts. Foss also authored the Association’s book, “Investing in People and Communities,” to stimulate new ways of thinking by board and staff members of nonprofit organizations. Two more books in this series by Brian Foss are planned for the future. Their titles will be “Adversity and Leadership” and “Adversity and Philanthropy.”
To download a copy of “Governing Effective Nonprofits in the 21st Century,” please visit https://www.horatioalger.org/publications.cfm.
UNH to Launch New Graduate School for Public Policy
DURHAM, N.H. – Emmy-winning television producer Marcy Carsey ’66 has made a gift of $20 million to the University of New Hampshire to support the creation of the new Carsey School for Public Policy. This gift is the second largest in the university’s history.
“It is crucial that we prepare leaders for the governmental, private, and nonprofit sectors who can translate rigorous research into effective policies and practices to solve the complex issues of our world,” Carsey said. “The school willeducate and invigorate young people to serve. It gives me great pleasure to express my appreciation and to provide a world-class program in public policy to UNH students.”
The Carsey School will be distinguished from other public policy schools in that faculty and students will not work within a single discipline, such as political science or public administration. Its work will involve sociologists and environmental scientists, health care experts and economists, demographers and foresters. It will train future leaders, both in the United States and around the world, to use research to solve problems. A national search for the school’s first director will begin soon.
“The Carsey School will make a significant contribution to the university across colleges and campuses,” said Bruce Mallory, professor of education and interim director of the Carsey Institute. “We hope to become a hub of knowledge and partnerships, where researchers from liberal arts talk to their counterparts in natural resources and public health, and together they help create a better understanding for policymakers.”
“This gift will transform the future leadership of our country,” said UNH President Mark Huddleston. “Marcy’s support for this interdisciplinary approach to public policy is forward thinking and crucial to our advancement as an institution. Together we will develop the informed and engaged leaders our nation needs.”
Carsey’s gift comes on the heels of the largest fundraising year in the university’s history. The UNH Foundation raised $35.8 million in fiscal year 2013, beating the previous record of $29.9 million set in 2002.
“Marcy’s confidence in this institution sends a clear message as we work toward the launch of a comprehensive campaign that UNH is an outstanding investment in the future of our region, state, and beyond,” Huddleston said.
The gift builds on Carsey’s May 2002 gift of $7.5 million that established the Carsey Institute at UNH. The Carsey Institute conducts national and regional policy research on vulnerable children, youth, and families and on sustainable community development and provides policy makers and practitioners timely, independent resources needed to effect change in their communities.
The Carsey School will leverage the university’s diverse instructional, research, and outreach activities as well as the existing work of the Carsey Institute, and make more visible UNH’s expertise in policy-related fields.
Marcy Carsey has been named one of the 50 greatest women in radio and television and is recognized as one of the most successful American businesswomen in or out of show business. She began her show business career as an NBC tour guide in 1966. She then worked her way up to general program executive for comedy programming at ABC-TV in 1974. Carsey went out on her own in 1980 to pursue independent production, and a year later teamed with Tom Werner to form Carsey-Werner and produced shows like “The Cosby Show” and “Roseanne.”
A native of Weymouth, Mass., and a 1966 cum laude graduate in English literature from UNH, Carsey is the recipient of the UNH Alumni Association’s highest honor — the Pettee Medal. A founding member of the UNH Foundation Board of Directors, Carsey has worked tirelessly to ensure its success. She received an honorary doctorate from UNH in 1988.
The University of New Hampshire, founded in 1866, is a world-class public research university with the feel of a New England liberal arts college. A land, sea, and space-grant university, UNH is the state’s flagship public institution, enrolling 12,200 undergraduate and 2,300 graduate students.
Organization has coordinated more than 80,000 flights for ailing children, covering 44 million air miles to date
GREEN VALLEY, NEVADA – Miracle Flights for Kids, the nation’s leading charitable flight organization, announced today that it will use a new and unexpected contribution of more than $40 million to significantly expand its programs and services. The new money represents proceeds from a 2008 class action legal settlement in which British Airways and Virgin Atlantic Airlines agreed to donate unclaimed funds to the charitable organization under the legal doctrine of cy pres. Miracle Flights was not a party to the suit.
Thousands of children are born each year with a rare or genetic disease, and many thousands more are stricken with severe, life-altering or life-threatening illnesses, many of which require the attention of medical specialists in other parts of the United States. For many families struggling with medical bills, an airline ticket to allow a sick child to see a much-needed specialist is beyond their means. Since 1985, Miracle Flights has provided the financial assistance needed to fly children struggling with serious illnesses, and their parents, to and from specialized treatment centers and hospitals.
“This is the kind of gift that small charities dream about. Our organization, which began on the floor of my living room, now has the resources to help more children than we ever could have envisioned,” said Ann McGee, President and Founder of Miracle Flights. “I have always believed that money should never stand in the way of children getting to the best possible medical treatment – no matter how far away the right doctors and the right treatments might be. On behalf of the children we will now be able to assist, we are so thankful to have been selected to receive this invaluable contribution.”
Miracle Flights is currently developing plans to significantly expand its programs and services, including:
* Pawfect Connections™, a travel assistance program for families in need of service animals;
* MFFK CaRes™, a travel assistance program for families attending medical camps and retreats; and
* A robust international program, which will improve upon a prior model that has provided children from 38 countries with travel assistance to come to the United States for care.
In consultation with financial advisors, the organization has also made a number of investment decisions to best position the organization to provide much needed assistance for years to come.
“Our Board of Directors is keenly aware of this unprecedented opportunity afforded to Miracle Flights and the children we are determined to help,” McGee stated. “Any changes to our programs, services and fundraising strategies will come after each is analyzed to ensure that we continue to be good stewards of all contributions we receive. Our singular focus is to continue to help these kids.”
Any child needing medical treatment that is not available in their immediate area or a second medical opinion from a faraway, qualified specialist is eligible to apply for assistance. For more information, go to: http://www.miracleflights.org.
2014 USA Games Athletics Events To Be Held in Princeton, N.J.
LAWRENCEVILLE, NJ (August 28, 2013) – The 2014 Special Olympics USA Games announced today that STS Tire and Auto Centers (STS) has signed on as a Silver Level Partner and will be the Presenting Sponsor of the 2014 USA Games Athletics Competition at Weaver Stadium on the campus of Princeton University. The 2014 Special Olympics USA Games will be hosted by New Jersey, June 14-21, 2014. Nearly 3,500 athletes will compete in 16 sports, supported by 1,000 coaches, 10,000 volunteers and 70,000 spectators.
“As an employee owned business, we knew a partnership with STS would include more than just a financial boost to the Games but an emotional investment as well,” said TJ Nelligan, President & Chairman of the 2014 USA Games. “STS has empowered its employees to truly become part of these Games by creating internal programs for its owner-employees and customers to personally contribute to and benefit from the company’s partnership of the 2014 USA Games.”
As Presenting Sponsor of Athletics, STS will be recognized throughout Weaver Stadium as well as in all external communications regarding the Athletics Competition at the 2014 USA Games. Over 450 athletes will compete in track and field events during the Games. STS will be highlighting its partnership with the 2014 USA Games in much of its marketing initiatives over the next year, including in billboards and radio advertising. Weaver Stadium is a state-of-the-art venue for outdoor track and field and provides available seating for nearly 2,500 spectators. The innovative design was crafted by Don Paige, formerly the best half-miler in the world. The oval is eight lanes across, with each lane 1.22 meters in width and features an impressively long radius of 36.5 meters on the turns. It is made of durable brick red full-depth polyurethane, the safest, fastest and most comfortable surface available.
“Partnering with the 2014 Special Olympics USA Games provides STS with a unique opportunity to give back to the communities we serve by embracing the overall mission of the Special Olympics. As a 100% employee-owned New Jersey based company we’re proud to be sponsoring Athletics and look forward to supporting the athletes as they demonstrate their incredible determination and spirit to succeed,” said Bill Caulin, president of STS.
About Somerset Tire Service (STS Tire & Auto Centers):
Founded in 1958 in Somerset County, NJ, Somerset Tire Service (also known as STS Tire & Auto Centers) has taken pride in providing exceptional service and superior value to customers for fifty-five years. STS Tire & Auto Centers is the largest independent tire and automotive service company in the Northeast, with retail locations throughout New York, New Jersey and Pennsylvania.
Unique to the retail tire and automotive repair industry, it’s an employee-owned company, dedicated to providing customers with convenient locations where long-term relationships are established based on TRUST. To continue to uphold its reputation for honesty and ethical business practices, employee-owners still follow the STS promise, which was established by the company’s founder:
STS Tire & Auto Centers is a full service tire and automotive service retailer. Services provided include oil changes to brakes, batteries, engines, shocks, struts, and more. Product offerings include top quality major brands such as Bridgestone, Firestone, Michelin, Toyo, Pirelli, Goodyear, Yokohama, Continental and more, plus brand name automotive parts. Each location is staffed with well-trained management and ASE certified technicians who’ll take pride in caring for your vehicle as if it were their own. STS Tire & Auto Centers service a wide variety of vehicles, foreign and domestic, including passenger cars, minivans, light trucks, CUV’s, and SUV’s. For additional information, please visit http://www.ststire.com, “Like” us at http://www.facebook.com/ststire and follow us athttp://twitter.com/STSTire
About the 2014 Special Olympics USA Games
The Special Olympics USA Games will be hosted by New Jersey June 14-21, 2014. Nearly 3,500 athletes will compete in 16 Olympic-style team and individual sports, with the support of 1,000 coaches, 10,000 volunteers and 70,000 family, friends and spectators. The Special Olympics USA Games will celebrate the Special Olympics movement, promote the ideals of acceptance and inclusion through sport and showcase athletes from throughout the U.S. and the abilities of people with intellectual disabilities. The 2014 USA Games will also highlight Special Olympics’ work in sport, education, health and communities. Founding partners for the 2014 Special Olympic USA Games include Barnabas Health, HESS, PSE&G, ShopRite, Toys R”Us and WWE. Learn more about the 2014 Special Olympics USA Games at www.2014specialolympics.org and follow the Games on Facebook atFacebook.com/SpecialOlympicsUSAGames and Twitter @2014USAGames.
SALT LAKE CITY, Sep. 5, 2013 – MountainWest Capital Network (MWCN) today released its annual list of the 100 fastest growing companies in Utah. www.mwcn.org The 19th annual MWCN Utah 100 Awards Program Oct. 22 will highlight rankings of the Utah 100.
The event will also highlight the 15 Top Revenue Growth companies and the 14 Emerging Elite companies.
“Year after year, Utah outperforms most other states as the best place to start or operate a business,” said Devin Thorpe, MWCN president. “It is a great pleasure to each year honor Utah’s 100 fastest growing companies, the top revenue growth companies and the emerging elite. Additionally, we honor all the business throughout this great state for their hard work, tenacity and success in helping make Utah a great place to work and live.”
The percentage of revenue increase of each company between 2008 and 2012 determines the Utah 100. Those companies with the largest dollar amount of revenue growth in 2012 make up the Revenue Growth winners. The Emerging Elite are selected from among companies with less than five, but more than two years of operation that show significant promise for future success.
The 2013 Utah 100 Event
· Tuesday, October 22, 2013
· Noon to 1:30 pm
· Grand America Hotel, 555 South Main Street, Salt Lake City, Utah 84111
· Tickets to the Utah 100 event are available at www.mwcn.org.
2013 Utah 100 in alphabetical order – Rankings will be announced at the Utah 100 program on October 22.
· Cafe Rio
· ZAGG Inc
About MountainWest Capital Network
MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital.
ATLANTA, Sept. XX, 2013 – Jonathan B. Wilson, attorney at Taylor English Duma LLP, today announces the release of his new book, “Easy Guide to Intrastate Crowdfunding Through the Invest Georgia Exemption.” With the recent surge in use of crowdfunding by entrepreneurs and small businesses to raise capital, the book seeks to clarify the ways in which crowdfunding can be used as an investment tool, and to provide practice steps for a certain type of crowdfunding that is now possible for small businesses located in Georgia and for investors who are Georgia residents. The book is available for free download at www.sterlingfunder.com.
The book takes an in-depth look at the basics of crowdfunding, including how it relates to securities law, private offering exemptions, the JOBS Act and the Invest Georgia Exemption. Wilson advises entrepreneurs and small business owners to prepare and manage their offerings in a transparent and professional manner in order to increase their own chances of success but also to help ensure the success of crowdfunding for all users.
At Taylor English, Wilson is a member of the firm’s Corporate & Business practice group where he focuses on corporate securities, corporate finance and governance, mergers and acquisitions, and intellectual property. He has more than 20 years of experience representing Fortune 100, middle-market and start-up companies in transactional matters.
Wilson is a member of the American Bar Association (ABA) where, in 2009, he founded the Renewable Energy Committee of the ABA’s Public Utility Section, and he currently chairs the committee. Wilson received his undergraduate degree, with honors, from the College of William and Mary and his law degree from George Washington University.
About Taylor English Duma LLP
Taylor English Duma LLP is a full-service law firm built from the ground up to provide highest-quality legal services for optimal value. The firm was founded in 2005 and its attorneys work each day to provide timely, creative and cost-effective counsel to help clients solve problems and achieve goals. Taylor English represents all types of clients—from Fortune 500 companies to start-ups to individuals. More information can be found on the firm’s website at www.taylorenglish.com.
(New York, NY – Sept. 3, 2013) Clothing brand LPD New York, model Jessica Stam and Many Hopes are pleased to announce a special collaboration “Team Stam” jersey to benefit Many Hopes. The special collaboration is available on today, Sept. 3rd, atwww.lpdnyc.com with 100 percent of the proceeds going directly towards Many Hopes efforts in Kenya. To celebrate the collaboration, model Jessica Stam, LPD New York’s creator Benjamin Fainlight, and Many Hopes will host a special launch event tonight.
“I’m so excited to be working with Benjamin and LPD New York on the Team Stam jersey. Having seen Many Hope’s work first-hand in Kenya, I am proud to be involved with this collaboration,” said Stam. “All proceeds from the Team Stam jersey will be going to Many Hopes, and will help to build sustainable communities and change lives.”
Many Hopes is raising the generation of children who will defeat the causes of the extreme poverty they were born into. The organization builds homes and schools for orphaned girls and boys and creates local businesses to support them.
“These jersey’s are a perfect example of how busy New Yorkers can do great justice 8000 miles away by using their skills and influence right here in the city,” said Many Hopes founder Thomas Keown. “Jessica Stam and LPD New York are showing how using our professional abilities and platforms right here can unlock the potential of some of the world’s poorest communities.
The “Team Stam” jersey is the latest design from LPD New York, a clothing brand rooted at the intersection of high fashion and American streetwear started by Benjamin Fainlight and best known for their “Dream Team” collection, a series of jerseys featuring high fashion designer names from Ricardo Tisci to Rei Kawakubo. LPD New York’s jerseys have been spotted on celebrities and fashion enthusiasts such as Rita Ora, J. Cole, and Kevin Durant.
About Many Hopes:
Many Hopes is a long-term strategic solution to the corruption and poverty that exploits the most vulnerable girls and boys. Many Hopes invests in sustainable community development on 5 related fronts one community at a time: girls homes, quality school, boys homes, medical facility and community water. Many Hopes pledges that each project it initiates will be fully self-sustaining within 10 years of launch. Many Hopes uses investment to build new homes and schools while building a portfolio of business for long-term sustainment. We believe in starting small but thinking big.
About LPD New York:
Founded in 2012, LPD New York (previously known as “Les Plus Dorés”) is a clothing brand rooted at the intersection of high fashion and American streetwear. Best known for “The Dream Team” – a series of t-shirts featuring high fashion designer names in basketball jersey format – LPD New York’s presence has exploded across the Internet and fashion media, including features in Vogue.com, Elle UK, Harper’s Bazaar UK, HypeBeast, HighSnobiety, Complex Magazine, Paper Magazine, and various blogs. Vice Magazine’s distaste for the brand assures its sticking power. LPD New York strives to reimagine the conventions of fashion, making it accessible and unifying for all participating, while bringing couture conceptualism and themes to streetwear.
SALT LAKE CITY (September 3, 2013) – The James Lee Sorenson Global Impact Investing Center (SGII Center) at the University of Utah’s David Eccles School of Business today announced results from their partnership with the Sorenson Impact Foundation (SIF) to facilitate five early-stage program-related investments totaling approximately $2 million. Completed in the first half of the year, the targeted impact investments will help early-stage entrepreneurs grow their social enterprises in industries ranging from solar energy and SME financing to affordable housing and fair trade clothing manufacturing.
“We are pleased with the progress the foundation has made in making program-related investments,” said Jim Sorenson, founder and chairman of the board of directors of the SIF. “For a variety of reasons, there are limited amounts of risk capital going to support companies of social impact to bridge the gap between purely philanthropic and commercially oriented capital. The SGII Center has played a catalytic role in helping to address such issues and facilitate these program-related investments.”
Created in January 2013, the SGII Center helps facilitate participation in the growing field of impact investing by training students through experiential learning to work directly with clients that include social enterprises, corporations, family offices, impact funds and private family foundations. The recent impact investments selected by SIF were sourced, screened, vetted and structured by teams of students focusing on each of the companies’ potential to produce sustainable and scalable social impact.
“These investments will serve to close funding gaps, helping social enterprises to prove out their businesses, with the additional benefit of cultivating impact investing expertise in students,” Sorenson said. “I hope that our efforts will accelerate the growth of the sector at-large and help lead to improved societal change on a global scale.”
SGII Center students work to address both the supply and demand barriers to impact investing through a broad range of services offered. Students often travel to locations around the world to help prime businesses for capital infusion by providing early-stage services, as well as continued post investment support and assistance in measurement and monitoring of social impact. The SGII Center is focused on providing early stage resources to the sector at a time when there is growing demand yet very few options available to help early stage social enterprises.
“With these investments, we have shown the ability to provide the infrastructure support for investors and enterprises to help lower hurdles and allow for engagement from foundations and impact investors across a range of sectors. We were in a unique position to help SIF reach a broader investment base and execute investments at a pace that most others in the space are not able to achieve,” said Lewis Hower, director of the SGII Center. “Our key focus as a center is to increase the engagement of foundations and early stage impact investors to facilitate scalable and sustainable impact investments in promising social enterprises while providing students a unique and rewarding experiential education and career path.”
The following companies received investments from the Sorenson Impact Foundation:
Copia – Kenya-basedconsumer catalog and rural distribution company
Kinara Capital – India-based financing company for micro and small enterprises
Liberty & Justice – Fair-trade apparel manufacturing company with offices in Liberia and Ghana
Simpa Networks – India-based pay-as-you-go solar financing company
World Haus – India-based affordable housing construction company
“These funds will prove instrumental in advancing our mission to transform the apparel supply chain in Africa from worker exploitation and environmental degradation to partnership and sustainability,” said Chid Liberty, CEO and co-founder of Liberty & Justice. “With this show of faith by SIF, we can train and employ more women in the garment industry and help them become truly self-sufficient in these poverty-stricken nations.”
“The opportunity to play an active role in combating these crucial societal issues is very rewarding,” said Brandon Koch, a student studying finance and computer science at the David Eccles School of Business who spent three months in India working for Kinara Capital. “The hands-on experience I gained at the SGII Center has been invaluable, and I look forward to continuing to apply these skills in the real world to create sustainable change.”
COSTA MESA, Calif. – August 28, 2013 – Hyundai Hope On Wheels®, a leader in the fight against childhood cancer and supported by Hyundai Motor America and its dealers, today announced a donation of $10.25 million to pediatric cancer research in the U.S. This latest donation is part of Hyundai Hope On Wheels’ annual September program recognizing National Childhood Cancer Awareness Month. This year, a unique social media initiative will be promoted to thank all Hyundai owners whose vehicle purchases contribute to the cause. Since 1998, Hyundai Hope On Wheels has awarded over $72.0 million for pediatric cancer research in the U.S.
“Hope On Wheels is our fight to end pediatric cancer, and is at the soul of our work at Hyundai. With each car we sell, we make a contribution with our dealers to end this disease,” said John Krafcik, president and CEO of Hyundai Motor America. “We’ve now raised over $72 million dollars, and ask everyone to join us this September on Facebook to raise awareness about this cause.”
This year’s initiative will kick-off with a full page announcement in the August 30thweekend edition of the USA Today. It will be immediately followed by a 5K run/walk in Fountain Valley, CA on August 31st. Throughout the month of September, Hope On Wheels will travel the U.S. donating research grants to children’s hospitals each in the amount of $250,000. Other activities will include seven additional 5K run/walks around the country and Hope On Wheels will take part in a series of events on Capitol Hill with the Congressional Childhood Cancer Caucus.
Hyundai will promote a unique social media initiative, primarily on Facebook and other social media sites, to create awareness about pediatric cancer during the month. The program is called “Every Handprint Tells A Story.” The iconic handprints of the Hope On Wheels logo represent the dreams, hopes and journeys of kids diagnosed with cancer everyday in the U.S. Visitors to the Hyundai Facebook app will be able to learn about the research funded by Hope On Wheels, view videos of pediatric cancer survivors, share stories on social media and post their own messages of hope. You can visit the page atwww.Facebook.com/Hyundai, or go to the website HyundaiHopeOnWheels.org.
“With childhood cancer remaining the leading cause of death from disease for children in the U.S., there is an urgent need for more research that can lead to better cures for our children,” said Peter C. Adamson, Chairman of the Children’s Oncology Group (COG). “Hyundai and its dealers are bridging the widening gap in childhood cancer research funding and have quickly become one of the largest and more innovative grant providers in the field. We are grateful for their support and efforts to bring our cause to the forefront of the national dialogue.”
As part of its annual September effort, Hope On Wheels will hold a series of pediatric cancer awareness activities in Washington, D.C. Once again this year, Hyundai and its dealers will come together at a joint press conference with Members of the Congressional Childhood Cancer Caucus, co-chaired by U.S. Representatives Michael McCaul (R-TX) and Chris Van Hollen (D-MD). Hope On Wheels national youth ambassador, CJ George, will address the audience, and leading doctors, policy makers, Members of Congress, and childhood cancer survivors will attend the press conference at the Rayburn House Office Building, Gold Room on September 19th from 8:00 – 9:00 a.m. EDT. Immediately following the press conference, the Congressional Caucus will host its 4th Annual Childhood Cancer Summit. The summit will examine the current state of pediatric cancer and open discussion for future advancements to benefit children battling cancer.
“Over the past 15 years, Hyundai dealers and the Company have stood resolute to provide pediatric cancer research,” said Mickey Pong, Chairman of Hope On Wheels and Hyundai Dealer of North County Hyundai. “As a Hyundai dealer, there is nothing that I am more proud of than the work we do with Hope On Wheels. We want every person who enters our dealerships across the country to know the impact they are having on these children’s lives. The September effort will not only provide needed research dollars, but also tell the stories of these brave children for whom we fight.”
Hyundai Hope On Wheels will surpass $72 million in grant awards to children’s hospitals nationwide by the end of 2013. The Hyundai Scholar Grant program awarded $3 million earlier this year to young investigators across the country. The September Hope Grant will be awarded to 41 children’s hospitals and research institutions across the country. The highly-competitive Hyundai Hope research grant program is open to the nearly 200 Children’s Oncology Group member institutions engaged in pediatric cancer research in the U.S. Grant winners are selected by the Hope On Wheels Medical Advisory Committee, a distinguished group of leading pediatric oncologists throughout the nation.
To learn more about Hyundai Hope On Wheels, please visitwww.HyundaiHopeOnWheels.org.
HYUNDAI HOPE ON WHEELS
Hyundai Hope On Wheels® is a 501(c)(3) nonprofit organization that is committed to finding a cure for childhood cancer. Launched in 1998, Hyundai Hope On Wheels provides grants to eligible institutions nationwide that are pursuing life-saving research and innovative treatments for the disease. Primary funding for Hyundai Hope On Wheels comes from Hyundai Motor America and its more than 800 U.S. dealers. At the end of its 15th year, Hyundai Hope On Wheels will have awarded more than $72 million towards childhood cancer research in pursuit of a cure.
HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 820 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle limited warranty, Hyundai’s 10-year/100,000-mile powertrain limited warranty, and five years of complimentary Roadside Assistance. Hyundai Assurance includes Assurance Connected Care that provides owners of Hyundai models equipped with the Hyundai Blue Link telematics system with proactive safety and car care services complimentary for three years. These services include Automatic Collision Notification, Enhanced Roadside Assistance, Vehicle Diagnostic Alert, Monthly Vehicle Health Report and in-vehicle service scheduling.
For more details on Hyundai Assurance, please visit www.HyundaiAssurance.com