Frost Bank and Green Standards Share $100,000 in In-Kind Donations with Non-Profits
Frost Rejuvenates the Workspaces of Local Nonprofits Through In-kind Donations of More Than $117,000.
SAN ANTONIO, May 5, 2015—Surplus desks, tables, chairs and white boards have found new homes at San Antonio community nonprofit agencies, now that Frost has vacated the Rand Building downtown. To resell, recycle and donate more than 2,500 items, Frost worked with Green Standards to ensure their surplus furniture would be kept out of landfill.
The donated items’ value of $117,611 complements Frost’s ongoing community initiatives. The donation also is environmentally and socially responsible. Frost was able to divert 239 tons of durable goods from the landfill and offset 770 metric tons of CO2e – equal to the carbon-carrying capacity of 19,744 tree seedlings grown over 10 years.
“In an effort to feed 58,000 people each week, the San Antonio Food Bank and our 530 partner agencies rely heavily on donations that help us function in a professional and efficient manner,” said Eric S. Cooper, president and CEO of the San Antonio Food Bank, one of the non-profit agencies benefitting from the donation. “This donation of furniture and other goods helps us to do just that, and for that we are grateful!”
Other agencies receiving donations of Frost repurposed items include Habitat for Humanity of San Antonio, Haven for Hope and Westside Development Corporation.
Frost engaged Green Standards as its Rand Building employees downtown moved to One Frost, a 450,000-square-foot complex in western San Antonio.
“We are committed to the overall well-being of the communities we work in,” said Mark Harrison, senior vice president of internal support administration at Frost. “To maintain our high-level of customer service, our employees moved directly into furnished spaces at One Frost without missing a beat. This was an opportunity to maintain our service levels, minimize unnecessary waste and give back to the community.”
Through Green Standards’ managed program of resale, recycling and donation, 67,000 square feet of furniture and non-computer equipment was redistributed over two weeks from April 13 to April 28, with 99 percent of Frost’s surplus inventory diverted away from the landfill.
“We challenge organizations to reimagine the value of their excess furniture and equipment,” said Richard Beaumont, co-founder and chief executive officer at Green Standards. “Every usable item is an opportunity to help nonprofits improve their workspaces, and in turn their work, and simultaneously protect the planet from the negative impact of landfill waste.”
Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with $28.2 billion in assets at March 31, 2015. Among the top 50 largest U.S. banks and one of 24 banks included in the KBW Bank Index, Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped clients with their financial needs during three centuries. Additional information is available at frostbank.com.
About Green Standards
Green Standards specializes in the responsible and cost-effective redistribution of surplus and obsolete durable goods, including office furniture, fixtures, supplies, and IT equipment. On a turnkey basis, Green Standards efficiently channels surplus office assets according to corporate priorities for charitable donations, recycling, and resale. Green Standards also supports clients in telling their story of social responsibility and environmental stewardship — to employees, external stakeholders, and the wider world – via a real-time reporting portal and customized communication materials, including text and multimedia content.
$117,500 worth of in-kind donation to San Antonio non-profits
2,500 items donated to more than 20 non-profits
239 tons (99%) diverted from landfill
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