Beneficial Management Corporation of America grants $25,000 to Burned Churches Fund.NEW YORK--(BUSINESS WIRE)--Feb. 3, 1997--Beneficial Management Corporation of America (BMCA BMCA Building Materials Corporation of America BMCA Black Mountain Center for the Arts (Black Mountain, NC) BMCA Brain Motor Control Assessment BMCA Big Mountain Commercial Association (Whitefish, MT) ) has donated $25,000 to the Burned Churches Fund established by the National Council of Churches (NCC NCC See National Clearing Corporation (NCC). ). The fund, supported by a broad ecumenical and interfaith community, helps restoration and rebuilding efforts for houses of worship desecrated des·e·crate tr.v. des·e·crat·ed, des·e·crat·ing, des·e·crates To violate the sacredness of; profane. [de- + (con)secrate. by hate-motivated arson and vandalism. BMCA's grant came from the spirited effort of employees throughout the United States who donated both their time and resources to collect donations for the fund. A growing number of leading companies have contributed toward the $12 million goal of the Burned Churches Fund. To date, 79 burned churches have been voted rebuilding grants and more grants are being processed. The Rev. Dr. Albert M. Pennybacker, associate general secretary for Public Policy for NCC, said, "The NCC is deeply thankful for the generous concern shown by Beneficial and its employees. Their partnership with America's religious communities to fight against the epidemic of attacks on these or any houses of worship is an outstanding example of citizens working for a common cause." "Beneficial is proud to contribute to the Burned Churches Fund. This is a most appropriate way for Beneficial's affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. to underscore a commitment to developing relationships in their communities and to sponsor good corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while ," said David J. Farris, president of Beneficial Management Corporation of America. Thus far, the NCC has received more than $10 million in cash and material resources, with 87 percent budgeted for rebuilding and 13 percent for anti-bias programs and program administration. Beneficial Management Corporation of America is a subsidiary of Beneficial Corporation, a $17 billion, New York Stock Exchange- listed financial services holding company. Subsidiaries of the Company provide financial services through their various consumer finance, credit card, banking and insurance operations located throughout the United States, Canada, the United Kingdom, Ireland and Germany. The National Council of the Churches of Christ National Council of the Churches of Christ in the United States of America, cooperative agency of 35 Protestant, Orthodox, and Anglican denominations. Formed in 1950, with headquarters in New York City, the National Council of Churches is the chief instrument of the in the USA is an interdenominational in·ter·de·nom·i·na·tion·al adj. Of or involving different religious denominations. interdenominational Adjective among or involving more than one denomination of the Christian Church Adj. , cooperative body of churches which includes most major Protestant and Eastern Orthodox denominations in the United States. CONTACT: Carol Fouke National Council of Churches 212/870-2252 |
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