DENVER, Aug. 24, 2017 /PRNewswire/ -- With the generous help of its business partners across the country, Apartment Investment and Management Company (Aimco) set a new fundraising record, yielding $530,300 for beneficiaries of the 14th annual Aimco Cares Charity Golf Classic held August 10 at Sanctuary Golf Course in Sedalia, CO. This year's result brings the tournament's total gross proceeds to more than $4.5 million since the event's inception.
Presented in partnership with RE/MAX, the tournament benefits the Tragedy Assistance Program for Survivors (TAPS) which supports family members who have experienced the loss of a loved one in the line of duty; Project Sanctuary, a nonprofit that works with military personnel returning from deployments and their families to assist with the transition to civilian life; and college-bound students living in affordable housing across the country who receive financial assistance through the Aimco Cares Opportunity Scholarship in partnership with the National Leased Housing Association. A portion of this year's tournament proceeds also will go to Aimco's Give with Gusto Program that provides a financial match to hours volunteered by the company's team members across the country who then select a local nonprofit to receive donations.
"TAPS is grateful for Aimco's longstanding support for military families and for its many years of partnership with our organization," said Bonnie Carroll, TAPS President and Founder. "The contributions we have received over the years, raised by the Aimco Cares Golf Classic, have enabled us to provide critical grief support services to more than 70,000 surviving family members of our fallen military heroes. The steadfast support demonstrated by Aimco makes a real difference for those whose lives include service and sacrifice for our nation."
"Aimco, along with its generous tournament sponsors, continues to demonstrate support for our service members and their families," said Project Sanctuary Founder and Chief Executive Officer Heather Ehle. "Proceeds have ensured that more military families than ever receive access to Project Sanctuary's programming, providing them with healing, hope and empowerment."
"We very much appreciate the strong support of Aimco Cares which has enabled the NLHA Education Fund and the Aimco Cares Opportunity Scholarship to reward deserving low income students with tuition assistance as they forge a path to self-sufficiency," added Denise Muha, NLHA Executive Director.
"We set a new fundraising record by exceeding a half million dollars in gross receipts thanks to our sold-out participation and unparalleled contributions from our business partners from around the country," said Aimco Chief Administrative Officer Miles Cortez. "Most importantly, the success of the tournament means record support for the critical services for our military families, college-bound students who live in affordable housing, and hundreds of nonprofits across the country who will benefit from Aimco Cares Gusto Grants."
The tournament's Diamond Sponsor, contributing more than $30,000, was RentPath. Platinum Sponsors, contributing $20,000 or more, were Apartments.com, the law firm of Harris Winick Harris, Institutional Property Advisors, and Karndean Design Flooring. The Gold Sponsors, contributing at least $10,000, were Advantage Fitness Products, ARA, Criterion Brock, Colliers International, Comcast, Deacon, Emser Tile, Fidelity National Title Group, Interline Brands, JLL, Kutak Rock LLP, Lockton, Moen, Mohawk, Moran & Company, Realpage, Renovation Systems, Sherwin Williams, Tidwell Group, Transwestern, Tryba Architects and Wells Fargo.
Aimco Cares is Aimco's philanthropic program that gives each team member 15 paid hours per year to apply toward a local volunteer activity. The program also provides scholarships for children of Aimco team members and short-term financial assistance to team members in crisis. This fall, Aimco Cares will promote national volunteer efforts to help veterans and their families.
Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with 188 communities in 22 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.