Canterbury Park Announces Formation of Corporate Charitable Giving Program.Lifestyle Editors/Business Editors SHAKOPEE, Minn.--(BUSINESS WIRE)--Dec. 1, 2003 Canterbury Park Canterbury Park is a horse racing track located in Shakopee, Minnesota, USA. It runs a meet that consists of 69 racing days from early May to Labor Day, generally holding scheduled races Thursday through Sunday, with racing added on several holidays throughout the meet. Holding Corporation (AMEX AMEX See: American Stock Exchange :ECP (Enhanced Capabilities Port) See IEEE 1284. 1. ECP - Engineering Change Proposal. 2. ECP - Enhanced Capabilities Port. 3. ECP - Extended Capabilities Port. 4. ECP - Extended Concurrent Prolog. ) announced that its Board of Directors has established a formal corporate charitable contribution charitable contribution n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. program, the "Canterbury Park Minnesota Fund." The Canterbury Park Minnesota Fund will be administered through the Minnesota Community Foundation, a charitable foundation that manages community funds and donor funds throughout the state. In addition, Canterbury Park has joined the 5% Club of the Keystone Program, a Minnesota organization that encourages companies to contribute at least 2% of pre-tax earnings to community and charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. . Minnesota Keystone recognizes companies that pledge to give at either a 2% or 5% pre-tax level. "We are excited to take this next step in our business development by establishing and formalizing a corporate contribution program," commented Canterbury Park President Randy Sampson. "As a company owned and managed by Minnesotans, this charitable giving program is consistent with Minnesota values and the values of our Company." The primary source of funding to the Canterbury Park Minnesota Fund will be through corporate profits, however, future opportunities may exist for fans and employees to contribute. The Fund is expected to focus its giving on Minnesota organizations that support rural Minnesota causes, equine equine Any member of the ungulate family Equidae, which includes the modern horses, zebras, and asses, all in the genus Equus, as well as more than 60 species known only from fossils. Equines descended from the dawn horse (see Eohippus). industry initiatives, responsible gaming programs and local Scott County-based organizations. Formal application procedures and contribution guidelines will be announced early in 2003. "Canterbury Park has come a long way since it was acquired in 1994 after having been closed for two years," continued Mr. Sampson. "Through the hard work of our employees and the loyal support of customers, shareholders and the horse community, Canterbury Park is now a viable company employing nearly 700 Minnesotans. Canterbury Park Board members and employees have long supported charitable organizations, and now is the appropriate time to formalize and elevate our community commitment as a company." About Canterbury Park: Named to Fortune Small Business' July 2003, 100 Fastest Growing Small Companies List (#19), Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack, Minnesota's only pari-mutuel horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with facility. The Company's 63-day 2003 live race meet began on May 16 and ended on September 1, 2003. The Company also operates the Canterbury Card Club, the only facility in Minnesota given legislative authority to host "unbanked" card games. Canterbury Card Club operates 24 hours a day, seven days a week and receives collection revenue from 31 poker tables A poker table is a table specifically designed for playing card games, usually poker. It is often covered with baize which is a type of felt, or speed cloth, a teflon-coated fabric that helps the cards slide easily across the surface. and 19 tables offering a variety of unbanked card games. In addition, the Company conducts year-round wagering wa·ger n. 1. a. An agreement under which each bettor pledges a certain amount to the other depending on the outcome of an unsettled matter. b. A matter bet on; a gamble. 2. of simulcast horse racing and hosts a variety of other entertainment and special events at its facility in Shakopee, Minnesota Shakopee is a city in Scott County, Minnesota, United States. The population was 20,568 in the 2000 census, with an estimated 2004 population of just short of 30,000, representing a growth of around 43 percent. It is the county seat of Scott County6. . For more information about the Company please visit us at www.canterburypark.com. About Minnesota Community Foundation: Minnesota Community Foundation is a statewide community foundation that has been bringing together individuals, organizations and communities for more than 50 years to help shape their visions for the future health and vitality of their communities through philanthropy. The Foundation helps manage 29 Community Funds from Argyle to Zumbrota and 300 donor funds, providing guidance on charitable planning and grant making, and handling money management and investment services. For more information, go to www.mncommunityfoundation.org. |
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