RALEIGH, NC – May 27, 2020 – The CAPTRUST Community Foundation (CCF), a CAPTRUST employee-run 501(c)(3) foundation whose mission is to enrich the lives of children in local communities, today announced the organization’s 2020 Charity of Choice: TeamSmile. TeamSmile will receive a $100,000 grant at the end of 2020 to support its initiatives promoting children’s oral health. Additionally, the CCF named the three recipients of its $25,000 national grants.
Founded in 2007, the CCF has awarded over $1.825 million in grants to charitable organizations across the country that help children in need. The CCF is an entirely volunteer organization run by CAPTRUST employees and sources fundraising primarily through employee payroll deductions that are matched by CAPTURST. Every year the CCF names a single organization its Charity of Choice. As this year’s Charity of Choice, TeamSmile will receive a $100,000 grant as well as support from CCF volunteers throughout the year to assist in the charity’s mission and expand its capabilities.
TeamSmile partners with oral health professionals and athletic organizations to provide dental care to children in need across the country. Through the organization’s partnerships with professional and collegiate sports teams, TeamSmile offers children the allure of high-profile sports to foster strong bonds between these children and their communities, while also solidifying the message that oral care is integral to long-term health. Of note, TeamSmile of Atlanta received a CCF national grant in 2019. CAPTRUST recognizes the long-term impact TeamSmile has made on underserved children and, through this grant, will assist the charity in reaching more children nationwide.
“TeamSmile is thrilled to be the Charity of Choice for the CAPTRUST Community Foundation in 2020! We are humbled and grateful for the organization’s support in fulfilling our mission to provide children in need with a life-changing dental experience through the power of sports,” said John McCarthy, executive director of TeamSmile. “In 2019, we conducted 33 programs, served 7,123 children nationwide, and provided over $2.8 million in free dental care and oral health education. We look forward to tremendous engagement from CAPTRUST employees and we are truly grateful for their support,”
In addition to its work with TeamSmile, the CCF has identified three charities that will receive national grants of $25,000 in 2020. They are:
- Parkland C.A.R.E.S. Food Pantry: The Pennsylvania-based food pantry strives to feed and serve every member of its school community affected by and suffering from hunger.
- Note in the Pocket: An organization that provides impoverished and homeless children with clothing in Wake County, North Carolina. The charity recognizes the role that proper clothing serves in ensuring children can achieve educational and social development.
- Respite Care of San Antonio: A charity that supports families caring for children and loved ones with developmental disabilities. Additionally, the organization creates a safe haven for children in crisis, reducing incidence of child abuse and the negative impacts of neglectful environments.
“We at the CAPTRUST Community Foundation are incredibly excited and fortunate to work with this year’s Charity of Choice, TeamSmile, as well as the national grant recipients, Parkland C.A.R.E.S., Note in the Pocket, and Respite Care of San Antonio,” said Tiffany Larew, president of the CCF and manager of employee relations at CAPTRUST. “All of these organizations provide unique and highly valued care to children in their communities. Through our work with these groups we hope to expand the services they can provide, assisting even more underserved children nationwide.”
In addition to these grants, the CCF has been working on a number of initiatives to benefit those impacted by the global pandemic. In mid-April, CAPTRUST Co-Founder and CEO Fielding Miller challenged the firm to raise at least $100,000 to bolster the CCF’s ability to provide emergency Crisis Grants to nonprofits on the front lines of the COVID-19 fight. To date, the CCF has exceeded this goal, raising nearly $145,000, which has funded more than 69 grants across the country.
To learn more, visit capcommunityfoundation.org.
About the CAPTRUST Community Foundation
The CAPTRUST Community Foundation was organized in 2007 to provide CAPTRUST employees with opportunities to participate as a group in community outreach efforts. The foundation is a registered 501(c)(3) charity and is eligible to receive tax-deductible contributions. If you would like to donate or learn more about the CAPTRUST Community Foundation, please call 855.649.0943.
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with more than 700 employees nationwide and $390 billion in client assets under advisement (as of March 31, 2020). An employee-owned firm, CAPTRUST provides investment advisory services to retirement plan fiduciaries, endowments, and foundations, and comprehensive wealth planning services to executives and high-net-worth individuals. CAPTRUST’s mission is to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation.