This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Michael Kors Donates $5 Million To God's Love We Deliver

NEW YORK, Oct. 16, 2012 /PRNewswire/ -- For over 30 years, Michael Kors has been passionately dedicated to numerous philanthropic organizations. Now, he will surpass all prior endeavours with a $5 million donation to God's Love We Deliver (God's Love), the New York-based non-profit organization that cooks and delivers individually tailored meals daily to people living with severe illnesses throughout New York City, Newark and Hudson County. This gift serves as one of the largest single donations to a social services organization in New York history and will enable the God's Love We Deliver team to do its life-affirming work.  In early 2013, God's Love will commence a major renovation of its facility in SoHo.  In recognition of the gift, God's Love will re-name its building "The Michael Kors Building". Over the course of one year, God's Love serves 1.1 million meals. Thanks to the generosity of Michael Kors, it will be able touch even more lives.

(Logo:   http://photos.prnewswire.com/prnh/20121016/NY93739LOGO )

With this donation, God's Love has now surpassed the $20 million mark on its expansion campaign goal of $25 million, and will use these funds to more than double its current headquarters, expanding into a 41,000-square-feet LEED certified space complete with herb gardens and an extended kitchen. The hardworking God's Love team of dedicated staff and nearly 8,000 annual volunteers will be equipped to prepare its 21,000 meals weekly using fresh herbs and other local ingredients. The new building will also enable God's Love to engage in more community work with clients, such as cooking meals together in a top floor demonstration kitchen. The gift was announced on October 15, when Michael was honored with the 2012 Golden Heart Award for Lifetime Achievement at the Golden Heart Awards Dinner.

"God's Love does life-changing, life-saving work, and it's been an honor working with the team throughout the years," says Kors. "There are so many people living with cancer, HIV/AIDS and other serious illnesses who need the care and the assistance God's Love offers. My support for the organization is lifelong and I am proud to be a part of the God's Love family."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs