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Beneficial Bank Announces The Beneficial Foundation School Challenge Winners

Our Lady of Calvary School and Central High School in Philadelphia will each receive a $5,000 grant to fund a school-improvement project


PHILADELPHIA, Pa., March 26, 2012 – Today, Beneficial Bank and The Beneficial Foundation have named the winners of The Beneficial Foundation School Challenge. Our Lady of Calvary School is the first place winner in the Grades 4-8 category and Central High School is the first place winner in the Grades 9-12 category. Both schools are located in Philadelphia. Each school will receive a $5,000 grant to fund a program that will improve their students' learning experience. The winning schools were selected via a public, online voting contest.

"Beneficial Bank congratulates Our Lady of Calvary School and Central High School on being voted the winners of The Beneficial Foundation School Challenge," said Gerry Cuddy, Beneficial Bank President & CEO. "We saw overwhelming public support for the School Challenge, with nearly a million and a half votes casted online from individuals throughout the region. The Beneficial Foundation School Challenge is truly a manifestation of the Bank's education mission and we are thrilled to see that so many share this passion with us."

In September 2011, The Beneficial Foundation School Challenge launched and asked schools throughout the greater Philadelphia and South Jersey regions to submit their ideas for an innovative program that would improve their school. The nine school finalists (five in the Grades 4-8 category and four in the Grades 9-12 category) were chosen by The Beneficial Foundation and were then challenged to develop a creative video demonstrating why their school should be awarded grant funds. The nine videos were posted online and the public was given one month (February 21-March 21) to vote for their favorite video. The two schools in each category that received the most amount of votes were named the first place winners. Our Lady of Calvary School received 221,832 votes and Central High School received 523,254 votes. In total, 1,436,222 votes were casted in the Challenge.

Our Lady of Calvary School will use The Beneficial School Challenge grant to fund a new OLC Mission Control Initiative program, which will expand and enhance space science learning at the school through computer space simulation, direct telescopic observations, rocketry and NASA/NASTAR resources. Central High School will use the $5,000 to purchase improved equipment for its CAS (Creativity, Action and Service) program, which provides students with opportunities to engage in arts activities and creative service projects. The grant will purchase a new Smart Board, projector, laptop computer, camcorders and digital cameras and allow students to connect with each other and share their experiences with their school, community and beyond.

The schools that received the second and third most votes in each category have been named the runner-ups. The second place winners, Pope John Paul II Regional School in Willingboro, New Jersey and Chester County Technical College High School in West Grove, Pennsylvania will each receive $1,000. The third place winners, Saint Francis de Sales and Swenson Arts and Technology High School in Philadelphia, will each receive $500.

All of the winning schools' video submissions can be viewed on the Beneficial Bank website at https://www.thebeneficial.com/school-challenge-vote.asp.

Beneficial Bank and The Beneficial Foundation will hold check presentations at Our Lady of Calvary School and Central High School in April. The schools and their students will immediately begin work on their projects and complete them by December.

For more information about The Beneficial Foundation School Challenge, Beneficial and all of the Bank's education initiatives, please visit www.thebeneficial.com, www.facebook.com/beneficialbank or www.twitter.com/beneficialbank.

About Beneficial Bank

Founded in 1853, Beneficial Bank is the oldest and largest bank headquartered in Philadelphia. It is a community-based, full-service financial services company that has served individuals and businesses in the Delaware Valley for 158 years. With 60 offices in the greater Philadelphia and South Jersey regions and $4.7 billion in assets, Beneficial offers a full array of financial products that includes commercial, consumer and real estate lending, insurance and wealth management. Visit www.thebeneficial.com for more information.




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Routing No: 236075689
SWIFT Code: BENFUS33

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