LAKE SUCCESS, N.Y., Aug. 1, 2012 /PRNewswire/ -- Astoria Federal Savings' 13th annual Kids Tools for School collection drive will take place throughout August to help prepare children for the start of the new school year. The program provides local students whose families struggle to afford school supplies with the much-needed educational tools to excel and perform well in the classroom.
Starting August 1st, the community is invited to participate by bringing their donations of new school supplies or cash to purchase supplies to any one of Astoria Federal Savings' 85 branches in Nassau, Suffolk, Brooklyn, Queens and Westchester. Astoria Federal is committed to its philosophy of "Putting people first" in the neighborhoods it serves, and will match up to $10,000 in cash donations to purchase additional supplies to be distributed to local children without school supplies for this upcoming school year.
Astoria Federal Savings will once again team up with local schools, shelters and human service organizations to distribute supplies to children in need. More families than ever are likely to find themselves in difficult financial situations this year — many for the first time — and may be unable to provide their children with school supplies, which typically cost as much as $100 per child. As a result, some children may arrive at school this September without supplies or are forced to recycle last year's.
"Each year we are impressed by the overwhelming community support for our annual Tools for School program," said Astoria Federal Savings Executive Vice President Brian Edwards. "Children who go to school without school supplies are at a tremendous social and academic disadvantage, and it is important to make sure some of the less fortunate students in our communities are able to start the year off on the right foot. We at Astoria Federal Savings are extremely proud to be a part of this community effort to level the playing field and help kids have a better experience in school this year."
The Kids Tools for School collection drive is part of Astoria Federal's Education First initiative, which includes special savings accounts for students, an annual Teach Children to Save Essay Contest and school outreach programs to promote financial literacy, as well as The First Home Club™ to promote homeownership. These programs and others were all designed to encourage lifelong learning in the communities Astoria Federal serves. For additional information about Astoria Federal's Kids Tools for School collection drive visit, www.astoriafederal.com.
About Astoria Federal Savings
Astoria Financial Corporation, with assets of $17.6 billion, is the holding company for Astoria Federal Savings and Loan Association. Established in 1888, Astoria Federal, with deposits in New York totaling $10.7 billion, is the largest thrift depository in New York and embraces its philosophy of "Putting people first" by providing the customers and local communities it serves with quality financial products and services through 85 convenient banking office locations and multiple delivery channels, including its enhanced website, www.astoriafederal.com. Astoria Federal commands the fourth largest deposit market share in the attractive Long Island market, which includes Brooklyn, Queens, Nassau, and Suffolk counties with a population exceeding that of 38 individual states. Astoria Federal originates mortgage loans through its banking and loan production offices in New York, an extensive broker network covering fourteen states, primarily along the East Coast, and the District of Columbia, and through correspondent relationships covering fifteen states and the District of Columbia.
SOURCE Astoria Federal Savings