LIVINGSTON, N.J., Aug. 4, 2020 /PRNewswire/ -- CIT Group Inc. (CIT)
today announced that it has made a donation to provide enough fresh
food for 100,000 meals to Table to Table, a community-based food
rescue program that redistributes would-be wasted food to those in
need. The donation addresses food insecurity in the Northern New Jersey-area, a community need
identified by a CIT direct bank customer as part of the company's
Acts of Caring initiative.
Table to Table collects perishable food that would otherwise be
wasted from supermarkets, food distributors, restaurants and
commercial kitchens and delivers it to more than 250 organizations
serving the hungry across Bergen,
Essex, Hudson, and Passaic Counties. Large groups of individuals
and struggling families also receive distributions of produce and
other fresh food through a network of fresh produce markets and
distribution hubs throughout Newark and in Paterson.
Table to Table is the most cost-effective hunger relief program
in New Jersey, and in 2019, the
organization rescued enough food to distribute 26 million
meals.
"Hunger and food insecurity are significant problems facing
New Jersey, with 1 in 8 households
struggling to find enough food for the week," said Ilene Isaacs, Table to Table's Executive
Director. "CIT's generous donation will help our organization
redistribute the bounty of nutritious fresh food that our partners
choose to donate rather than waste, turning it into thousands of
meals for hungry people in our communities."
"Our Acts of Caring donation to Table to Table addresses a
community need brought to us by one of our customers, and advances
the efforts of our employees who helped combat food insecurity in
their neighborhoods this June by volunteering over 1,500 hours to
causes focused on providing basic needs and hunger relief," said
Steve Solk, president, Consumer
Banking at CIT. "We're proud to support causes that truly make a
difference in our communities and are personally meaningful to our
customers and our team."
CIT Acts of Caring
As part of CIT's Acts of Caring program, the company invited
customers to nominate a need in their hometown and share how the
company could support those efforts on their behalf. Identified by
a customer of CIT's direct bank, Table to Table is one of ten
projects nationwide that was selected to receive a donation from
CIT this summer.
The customer program follows a month-long social good project
where CIT employees completed more than 3,000 Acts of Caring and
dedicated nearly 5,000 hours in support of causes such as COVID-19
relief, addressing food insecurity, improving the environment and
advancing social and economic justice.
Learn more about CIT's Acts of Caring initiative at
cit.com/ActsOfCaring.
About Table to Table
Table to Table is a community-based, not-for-profit, food rescue
program that collects fresh and perishable food which would
otherwise be wasted and delivers it to organizations that serve
hungry people in Bergen,
Hudson, Essex and Passaic counties in Northeastern NJ. With a
fleet of refrigerated trucks, perishable food is picked up from
more than 150 donors (restaurants, supermarkets, food distributors
and hospital/corporate cafeterias), and then delivered to 250+
community partners. These partners include soup kitchens, homeless
shelters, senior adult facilities, day care centers, homes for
victims and children of domestic violence, after-school programs
and pantries serving the working poor. Food is delivered on the day
of donation and is provided free of charge. Without any government
assistance, Table to Table raises its own funds every year, and
last year delivered enough food for more than 26 million meals.
Learn more at tabletotable.org.
About CIT
CIT is a leading national bank focused on empowering businesses
and personal savers with the financial agility to navigate their
goals. CIT Group Inc. (NYSE: CIT) is a financial holding company
with over a century of experience and operates a principal bank
subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The
company's commercial banking segment includes commercial financing,
community association banking, middle market banking, equipment and
vendor financing, factoring, railcar financing, treasury and
payments services, and capital markets and asset management. CIT's
consumer banking segment includes a national direct bank and
regional branch network. Discover more at cit.com/about.
MEDIA RELATIONS:
Lexa Tutela
212-461-5305
Alexandra.Tutela@cit.com
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SOURCE CIT Group Inc.