updated 10/12/2010 9:16:44 AM ET 2010-10-12T13:16:44

MEMPHIS, Tenn., Oct. 12, 2010 (GLOBE NEWSWIRE) -- ALCO Management Inc. and its associates have raised more than $13,000 for High Hopes Inclusive Preschool and Pediatric Therapy Clinic, a Brentwood-based nonprofit serving children with special needs and their families from 11 Middle Tennessee counties.

The gifts resulted from a series of fund-raising activities associated with ALCO Management's training program which annually brings together managers of its apartment communities in the Southeast at its Memphis headquarters. Contributions to High Hopes included $11,176 in cash and an estimated $2,000 in classroom, administrative, and other supplies. 

"Our gifts to High Hopes reflect our company culture and our desire to give back to the communities we serve. Our folks take real satisfaction in seeing their efforts make a direct and beneficial impact," said Michael D. Johnson, chief administrative office and executive vice president of ALCO Management. The company ranks among America's top 100 owners and operators of affordable multi-family housing with a balanced portfolio of approximately 7,000 conventional and government-assisted apartments in eight Southeastern states

"ALCO Management has built a great team of people who share a sense of community and a palpable spirit," said Gail Powell, High Hopes executive director. "We are honored they focused their energies on the children we serve. Their contributions help us provide exceptional service at affordable prices to families already under pressure to pay for care beyond what typical insurance coverage provides."

Founded by families in 1984, High Hopes provides a specialized preschool, where all children have an equal opportunity for life-long success through education and therapeutic services, and an out-patient pediatric therapy clinic, which offers physical, occupational, speech, feeding, and listening therapies to children and youth. 

In recent years, ALCO managers have selected a charity to benefit from fund-raising activities associated with their annual corporate training conference. "Our aim is to help nonprofit organizations which help our residents or employees," said Robert Hyde, ALCO Management's chief operating officer and senior vice president, "and in which our contribution can make a real difference."

ALCO Management fund-raising activities included the sale of tee-shirt sponsorships, a silent auction, a raffle of high-definition televisions and the sale of candy and snacks during breaks in the professional development meeting schedule. In addition, the company collected art supplies, office supplies, toys, and other classroom materials for High Hopes.

At High Hopes the number one priority is helping meet the needs of families with special-needs children. Such families can easily spend an extra $30,000 per year or more, after insurance, to provide for the special educational and therapeutic needs of their children. High Hopes provides education programs and therapeutic services which help such families bridge that gap.

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