Pershing Managed Investments Donates Goods for Purple Heart Veterans Through GreenDrop

KING OF PRUSSIA, Pa. - July 30, 2014 - PRLog -- BENSALEM, PA -- This month, GreenDrop is the proud recipient of donations from Pershing Managed Investments of King of Prussia, PA, which will proudly benefit Purple Heart and its veterans.

The Pershing Managed Investments business unit works with a variety of veterans’ organizations and has chosen to partner with GreenDrop to aide in donating to the Purple Heart.

GreenDrop is a revolutionary concept that transforms the way consumers support their favorite charities by donating their lightly worn clothing, used electronics, and household goods at GreenDrop’s conveniently located, free-standing locations throughout the Mid-Atlantic region. Earlier this spring, Pershing Managed Investments organized a two-week collection of clothing donations via GreenDrop to supplement its existing work with Purple Heart and other veteran-focused charities.

GreenDrop offers consumers 16 clean, brightly lit, and safe drive-up locations where they are greeted at their cars by uniformed GreenDrop attendants who handle the unloading and collection of each of their donations. Tax-deductible receipts are presented with each transaction, and GreenDrop allows consumers to direct their giving to either Purple Heart or the National Federation of the Blind. GreenDrop’s donation centers are comprised of both mobile centers and free-standing former gasoline stations.

After collection, GreenDrop purchases these donations from their designated charities, providing them with monetary donations. The goods are then sorted and resold at area thrift stores, sent overseas, or recycled to extract fibers and parts. This process ensures that consumers can easily support the charities they care about, while ensuring their unused goods are reused or recycled rather than being disposed of in a landfill.
“Pershing Managed Investments has a longstanding commitment to supporting charities both locally and nationwide, and our partnership with GreenDrop to support Purple Heart is one that we are thrilled to participate in and look forward to developing,” said Nicole Pedrotty, people services for Pershing Managed Investments.

GreenDrop opened its first location in 2012 in Aston, PA. The company now has eight free-standing locations and eight mobile donation centers that collect more than 75 tons of donations each week to support Purple Heart and the National Federation of the Blind.
“Our ultimate vision is to represent a number of charities that will use our donation centers to help supplement their fundraising by educating local communities of their good work in order to stimulate more donations that GreenDrop can convert into cash donations,” said Chris Stinnett, chief executive officer of GreenDrop. “We thank the employees of Pershing for their generosity and support of the Purple Heart. We look forward to the good work these donations will bring to the veterans benefiting from Purple Heart and their programs.”

To download a photo from the event, please click on the following link:
https://www.flickr.com/photos/124599423@N05/13986253718/
Pictured from left to right:
Robyn Slough, Tom Jenne, Katie Gebauer, Nicole Pedrotty, Joe Baricevac, Jacqueline Irwin, John Bethea, Lauren Boyce.
For additional photos, please contact Katie Kennedy at katiek@gregoryfca.com or 610-228-2128.

About GreenDrop

GreenDrop is transforming the way consumers support their favorite charities by donating lightly worn clothing, used electronics and household goods at conveniently-located, free-standing locations throughout the Mid-Atlantic region.

By recycling former gasoline stations, GreenDrop offers consumers clean, brightly lit, and safe drive-up locations where they are greeted at their car by uniformed GreenDrop attendants, who unload donations, provide tax-deductible receipts and allow consumers to direct their giving to either the Purple Heart or the National Federation for the Blind. In 2013, these charities received $2.5 million through donations to GreenDrop facilities and GreenDrop home pick up, which were sorted and resold at area thrift stores, sent overseas or recycled for their fibers and parts.
For more information about GreenDrop, visit www.GoGreenDrop.com.