Projects Include Habitat for Humanity Homes, School Supply Drives
DETROIT, Aug. 7 /PRNewswire/ -- Helping to make communities around the
country better places to live and work, GMAC Financial Services will
provide funding and sponsorships for 13 community improvement projects
throughout the month of August, including the building of homes in
partnership with Habitat for Humanity and the collection of school supplies
for students in need.
GMAC's commitment is part of a larger effort being conducted by the
Financial Services Roundtable and its annual Community Build Day
initiative. Along with 76 other financial services companies, Community
Build Day results in the building of homes in more than 200 cities across
the United States, as well as participation in other activities aimed at
improving the community that financial services companies serve.
"At GMAC Financial Services, we embrace these opportunities to give
back to our communities," said GMAC President Bill Muir. "GMAC believes in
supporting efforts that strengthen local communities, particularly those
focusing on housing and human services, financial literacy and education.
We are pleased to participate in these projects to revitalize neighborhoods
and help students get the tools they need to learn."
National partners for the 2007 Community Build Day include Habitat for
Humanity, NeighborWorks(R) America, Rebuilding Together, America's Promise,
USA Freedom Corps., and the Points of Light Foundation.
"Community Build Day demonstrates to the public how the financial
services industry works 365 days a year to improve the communities that
they serve," said Steve Bartlett, president and CEO of The Financial
Services Roundtable. "The member companies of the Roundtable are
competitors in the marketplace, but this day shows our cooperation in the
community."
The 13 projects that GMAC will sponsor for Community Build Day include
four homes built in conjunction with Habitat for Humanity in:
* Minneapolis (Aug. 27 to 29)
* Philadelphia (Aug. 1 to 6)
* Sacramento (Aug. 4)
* Pittsburgh (Aug. 4)
GMAC's Community Build Day projects also include nine school supply
drives for schools in the following cities throughout August:
* Bethesda, Md.: (Montgomery Housing Partnership)
* Petaluma, Calif.: (Sierra Youth Center and Valley of the Moon
Children's Home)
* Costa Mesa, Calif.: (Lathrop Intermediate School)
* Horsham, Penn.: (Christ's Home for Children)
* Waterloo, Iowa: (Partners In Education, Irving School)
* Dallas: (JW Ray School)
* Minneapolis: (Hans Christian Andersen Open Elementary)
* Richfield, Minn.: (Partnership Academy)
* Southfield, Mich.: (Samuel Gompers School)
Schools were selected based on GMAC office locations and the needs of
students, taking into account such things as poverty levels, special needs
and numbers of English language learners.
This year marks the sixth annual Community Build Day. Richard Davis,
president and CEO of U.S. Bancorp, is the 2007 Community Build Day
Chairman. The National Sponsors for the 2007 Community Build Day are: ACE
Group, AEGON USA, Inc., Allstate Insurance Company, American General
Financial Services, Barclays Capital, Capital One Financial Corporation,
Citi, Edward Jones, ING, MasterCard Worldwide, Merrill Lynch, Principal
Financial Group, Raymond James, Regions Financial Corporation, State Farm
Insurance(R), Toyota Financial Services, Unum, U.S. Bancorp, WaMu, and
Wells Fargo.
About GMAC Financial Services
GMAC Financial Services is a global, diversified financial services
company that operates in approximately 40 countries in automotive finance,
real estate finance, insurance and other commercial businesses. GMAC was
established in 1919 and currently employs about 31,000 people worldwide. At
Dec. 31, 2006, GMAC held more than $287 billion in assets and earned net
income for 2006 of $2.1 billion on net revenue of $18.2 billion. For more
information, go to http://www.gmacfs.com.
About Financial Services Roundtable
The Financial Services Roundtable represents 100 of the largest
integrated financial services companies providing banking, insurance, and
investment products and services to the American consumer. Member companies
participate through the Chief Executive Officer and other senior executives
nominated by the CEO.
Roundtable member companies provide fuel for America's economic engine,
accounting directly for $65.8 trillion in managed assets, $1 trillion in
revenue, and 2.4 million jobs.
SOURCE GMAC Financial Services
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Related links:
http://www.gmacfs.com
http://www.prnewswire.com/comp/138832.html/
CONTACT:
Jodi Ehlers Swanson of GMAC Media Relations,
+1-952-857-7343, or cell, +1-612-240-1594, or
Jodi.ehlers@gmacrescap.com
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