McCormick Tribune Foundation and Investment Firms Launch National Campaign to Assist Wounded Soldiers and Veterans
First $2 million raised will be matched by Foundation at 50 cents on the dollar CHICAGO, March 26 /PRNewswire-USNewswire/ -- Members of the financial community, in partnership with the McCormick Tribune Foundation, have launched a national fundraising campaign, dubbed Operation Healing Freedom, in support of members of the U.S. armed forces, veterans and their families who have suffered injury and loss during current and previous U.S. conflicts. Founding firms include Chicago Growth Partners, GTCR Golder Rauner, Madison Dearborn Partners and Welsh Carson Anderson & Stowe.
The McCormick Tribune Foundation will match the first $2 million raised at 50 cents on the dollar. All administrative costs will be paid by the Foundation, allowing all funds raised and all matched dollars to be granted to local organizations providing critical services to injured soldiers and veterans. Funds will be directed only to the highest-quality agencies, with proven track records, who provide medical care and educational services and who advocate for the wellbeing of members of the U.S. armed forces. "The McCormick Tribune Foundation is committed to serving our citizens and, in turn, to encouraging, preparing and enabling them to serve their communities," said Brig. Gen. (Ret.) David L. Grange, president and chief executive officer of the McCormick Tribune Foundation. "We respect the initiative and caring shown by our partners in the financial community, and we intend to see that all donated funds are well-used and well-managed."
"We selected the McCormick Tribune Foundation as the trusted philanthropic vehicle for this effort because of its proven grantmaking and fundraising experience at a national level," said Rob Healy, a United States Military Academy graduate and managing partner of Chicago Growth Partners. "We know our contribution will be enhanced by the Foundation's matching dollars, and this will do so much to support agencies healing our wounded heroes and their families." "I am proud to join the McCormick Tribune Foundation in this effort to ensure that wounded veterans, soldiers and their families receive quality care they deserve," said Tim Sullivan, a United States Naval Academy graduate and managing director of Madison Dearborn Partners. Operation Healing Freedom will target wounded soldiers and veterans as well as their families who have sacrificed so much for the American people. Since 2003, more than 30,000 Americans have been seriously wounded in the ongoing conflict in Iraq and Afghanistan. Many of these injured soldiers are not receiving the quality of medical treatment or care that they need. Currently the U.S. Department of Veterans Affairs has 300,000 - 600,000 claims in backlog. Recovery care for many soldiers with the most extensive injuries requires years, and sometimes a lifetime, of treatment "The need is great," said David Grange. "As Americans, we owe a profound debt, which we should address both generously and responsibly."
About the McCormick Tribune Foundation The McCormick Tribune Foundation is a nonprofit organization committed to making life better for our children, communities and country. Through its charitable grantmaking programs, Cantigny Park and Golf, Cantigny First Division Foundation and the McCormick Tribune Freedom Museum, the Foundation positively impacts people's lives and stays true to its mission of advancing the ideals of a free, democratic society. The Foundation is an independent nonprofit, separate from the Tribune Co. For more information, please visit our Web site http://www.mccormicktribune.org/. About the Sponsor Firms The McCormick Tribune Foundation has partnered with several prominent investment firms to create Operation Healing Freedom. The sponsor firms include Chicago Growth Partners, GTCR, Madison Dearborn Partners and Welsh Carson Anderson & Stowe. The sponsor firms have provided the initial funding for Operation Healing Freedom, and continue to work with the financial community to raise additional money for the fund. First Call Analyst:
CONTACT: Kristin Kiss of the McCormick Tribune Foundation, Web Site: http://www.mccormicktribune.org/
2008-03-26 16:43:15 0320601 PRNEWSWIRE
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