KAR Auction Services makes $1 million contribution to scholarship program
By PAUL SOOST
KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, on Feb. 26 made a $1 million contribution to Step Up For Students, a Florida-based nonprofit, which administers scholarships for lower-income schoolchildren.
KAR’s financial commitment will fund scholarships for 153 Florida children — giving them more educational options and opportunities.
“We believe in second chances for cars, people and communities — that includes partnering to provide students with quality educational options,” said Jim Hallett, chairman and CEO of KAR. “The state of Florida is home to more than 650 KAR employees as well as countless valued business partners and customers. And we are committed to supporting the communities in which we work and live.”
This is KAR’s first time partnering with Step Up For Students, which helps run the Florida Tax Credit Scholarship Program for financially disadvantaged Florida children. The corporate-funded program gives children assistance with private school tuition or transportation costs for out-of-county public schools. More than 1,700 private schools participate in the program serving nearly 102,000 students during the 2017-18 school year.
“We are excited KAR Auction Services has joined us in our mission to empower Florida families by helping them find the best learning environment for their children,” said Step Up For Students President Doug Tuthill. “Your contribution to the Step Up scholarship program will make a lasting difference in the communities you serve. On behalf of our Step Up families, we thank KAR.”
KAR owns and operates 15 whole-car and salvage auctions in Florida, and provides wholesale automotive services to auto dealers throughout the state.