GE donates $1.5 million to Mill River Park

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GE donates $1.5 million to Mill River Park

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Summary

GE Asset Management donated over $1 million for the building of the centre of Mill River Park in Stamford Connecticut. Since 2003, the Mill River Collaborative has been spearheading a $60 million rejuvenation to create a 28-acre recreational and green space in the heart of the downtown. The objective is to open the park to the public by the end of 2012 and so far, the nonprofit agency has raised more than $4 million from corporations, foundations and individuals. GE has also been a significant contributor to the city's public school system, donating more than $25 million over the past seven years. 

Friday, April 1, 2011 - 11:00am

CAMPAIGN: GE Citizenship

CONTENT: Blog

The Mill River Collaborative has announced the award of a $1.5 million grant from GE Asset Management. The pledge, which will be paid over the next three years, represents the largest private gift to date for the ongoing redevelopment of the city's downtown park.
 
 
GE has pledged $1.5 million in support of the Mill River Park and Greenway, an ambitious downtown Stamford urban park in its design and construction planning stages. Organizers envision the project as a regional attraction after it is completed. “This donation is based on our strong belief that the project is essential to the success of Stamford and the greater region,” Jay Ireland, president and CEO of Stamford-based GE Asset Management, said in a statement. “We are pleased that we can help, and hope that other corporations will step forward with similar support.” 
 
 
About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
 
Citizenship at GE is more than a program or a set of good intentions - it is a full-time commitment built upon cultural behaviors and actions. These actions are integrated with business strategy and have defined goals, strategies and metrics that make it actionable and accountable.
 
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Keywords: Volunteerism & Community Engagement | Donate | Fundraise | GE Asset Management | Stamford | capital campaign | park | redevelopment

CAMPAIGN: GE Citizenship

CONTENT: Blog