DETROIT (May 26, 2000) - CART Charities announced today a partnership with Comerica Securities to sponsor the CART Charities Paddock Pennies program. The Paddock Pennies partnership agreement includes a donation...
DETROIT (May 26, 2000) - CART Charities announced today a partnership with Comerica Securities to sponsor the CART Charities Paddock Pennies program.
The Paddock Pennies partnership agreement includes a donation of $2,500 from Comerica Securities to CART Charities. In addition, Comerica Securities will supply cloth bags for transportation of the pennies, and, without charge, will count and deposit collected funds into the CART Charities account.
"We are delighted to have Comerica Securities' assistance with the Paddock Pennies program," said Nancy Miller Lewis, Director of Research and Planning for CART, who oversees CART Charities. "Our goal is to raise 1.5 million pennies ($15,000) for CART Charities through this initiative. That's more than 9,000 pounds of pennies - or a little less than the weight of six Champ Cars."
Piggy banks, courtesy of Comerica Securities, will be placed in the CART office, and in several designated, high-traffic areas within the CART paddock at all U.S. FedEx Championship Series events.
"Comerica Securities is pleased to support CART Charities in its community service efforts to cure paralysis and promote the health and safety of our children," said Michael Wilk, Managing Director, Comerica Securities.
For the year 2000, CART Charities will have two other fund-raising campaigns in addition to Paddock Pennies. The CART Charities Internet Auction and the CART Charities Holiday Sticker Program both began in 1999 and will continue this year.
"CART Charities was founded so the CART racing family would have an opportunity to give back to the community," said Andrew Craig, CART's CEO and Chairman. Started at the beginning of the 1999 racing season, CART Charities funds will be donated to the Buoniconti Fund, the Miami-based organization which is a part of The Miami Project to Cure Paralysis; and Championship Auto Racing Auxiliaries (CARA), which focuses on children's health and safety issues.
Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates and markets the FedEx Championship Series, which is comprised of 20 races in five countries on four continents in 2000. Champions Juan Montoya, Michael Andretti and Jimmy Vasser are among the drivers who battle for the series title on oval circuits as well as temporary and permanent road courses. CART also owns and operates its top two development series -the Dayton Indy Lights Championship and the Toyota Atlantic Championship. Learn more about CART's open-wheel racing series at www.cart.com.