GE Leader Directs Recognition Award in the Amount of $25,000 to UConn's Sandy Hook School Memorial S
GE Leader Directs Recognition Award in the Amount of $25,000 to UConn's Sandy Hook School Memorial Scholarship Fund
GE's Margaret Keane Chooses Fund in Support of Higher Education
STAMFORD, Conn.--(BUSINESS WIRE)-- A $25,000 donation from GE to the Sandy Hook School Memorial Scholarship Fund at the University of Connecticut was presented by Margaret Keane, chief executive officer of GE Capital Retail Bank, as the result of her receiving an award for outstanding leadership from GE Chairman and CEO Jeffrey Immelt. Margaret is one of 25 GE leaders to receive such recognition for their outstanding contributions to the company. Each award recipient is able to designate a donation to a charity of their choice. Keane presented the donation to UConn president, Susan Herbst, during halftime at the UConn Men's basketball game, Wednesday, February 13, 2013.
Margaret Keane, chief executive officer of GE Capital Retail Bank, presents $25,000 donaton to UConn president Susan Herbst to support the Sandy Hook School Memorial Scholarship Fund. (Photo: Business Wire)
"I believe in supporting a public university with strong academics and also have close ties with UConn. My son is a recent UConn graduate and we also have a family scholarship that we established. It is an honor to pay tribute to those who have been impacted by the tragic events of December 14, 2012, and to support the Sandy Hook School Memorial Scholarship Fund in their memory," said Keane.
The Scholarship Fund helps support college costs for any siblings of those killed in the assault, the dependents of the adults who also lost their lives, as well as students currently enrolled at the elementary school who are accepted to attend the University of Connecticut.
"Contributions to the Sandy Hook Memorial Scholarship Fund are heartwarming evidence of people's determination to respond to tragedy with positive and meaningful action," says UConn president Susan Herbst. "We are grateful for the support of the gift of higher education for those affected by that shattering event."
About the UConn Foundation
The University of Connecticut Foundation, Inc.'s mission is to solicit, receive, and administer gifts and financial resources from private sources for the benefit of all campuses and programs of the University of Connecticut. The Foundation operates exclusively to promote the educational, scientific, cultural, and recreational objectives of the University. For more information, please visit www.foundation.uconn.edu/sandyhook.
About GE Capital's Retail Finance business
GE Capital's Retail Finance business is among the country's most successful retail lenders, with 80 years of experience in consumer financing. The business, with its lending entity GE Capital Retail Bank, provides customized credit programs to retailers and consumers in the United States and Canada that help drive sales. This includes private label and bankcard credit programs to major national, regional and independent retailers in the U.S., as well as private label credit programs, promotional and installment lending, bankcards and financial services for consumers through dealers; contractors; manufacturers; healthcare practices; and service providers across nearly 20 industries. We are not just bankers; we help clients build better businesses. More information can be found at www.gogecapital.com and twitter.com/GoGECapital.
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