A Malibu-based financial adviser is challenging its employees to donate money to help fund education, sports and arts programs for public schools in the Santa Monica-Malibu Unified School District.
The Dun & Bradsheet Credibility Corp. will provide a $250,000 investment to the Santa Monica-Malibu Education Foundation if people contribute $150,000 through the company's EdAhead initiative.
The EdAhead program enables D&B Credibility to match an employee's contribution to the company's 529 plan, effectively doubling the amount the employee puts into his or her college savings account. The same amount of a contribution is donated to the school district. The grant will fund the company's high school summer internship program and it will also fund scholarships, technology and staff.
"This is a remarkable demonstration by Dun & Bradstreet Credibility Corp. of how corporations can support their local public schools, provide their employees a meaningful benefit and show genuine commitment to the community in which it operates," said Linda Greenberg Gross, executive director of the Santa Monica-Malibu Education Foundation.
Gross is hopeful that other companies will join D&B Credibility's EdAhead initiative to help fund public schools.
"We are pleased to partner with Dun & Bradstreet Credibility in fundraising for the district's Vision for Student Success initiative, and expect that our base of supporters will grow as a result of this matching gift challenge." said Gross.
Originally published in the Santa Monica Daily Press print edition on October 7, 2013. Read the original PDF.