General Revenue Corporation and The Sallie Mae Fund Donate Nearly $70,000 to Local Charities in 2007

CINCINNATI, Dec. 21  /PRNewswire/ -- Cincinnati-based receivables management company and Sallie Mae subsidiary General Revenue Corporation today celebrated another banner year of charitable giving in the communities where the company's employees live and work. GRC employees, along with The Sallie Mae Fund, a charitable organization sponsored by Sallie Mae, donated nearly $70,000 to local charities in Cincinnati and Horseheads, N.Y.

GRC employees, along with a match from The Sallie Mae Fund, contributed $20,000 to local chapters of the United Way to support its effort to improve the quality of life for the area's children and families. GRC Cincinnati once again supported FamiliesFORWARD, a nonprofit agency providing services to help more than 1,200 Cincinnati children attend college, donating toys and gift cards this holiday season including a $9,000 gift from The Sallie Mae Fund.

In addition, GRC employees in Cincinnati and Horseheads volunteered their time and efforts to other causes throughout the year. Some of the highlights included:

  -- employee participation in the March of Dimes WalkAmerica campaign,
     including a $2,500 donation from The Sallie Mae Fund,
  -- various donations of school supplies to local students through the
     Crayons for Computers program, including a $3,000 donation from The
     Sallie Mae Fund,
  -- held multiple food drives to help needy families during the holiday
     season, and
  -- sponsorship of the Junior Achievement "Bowl-a-Thon" including a $5,000
     donation from GRC.




"Whether in Cincinnati or Horseheads, General Revenue Corporation is committed to giving back to the communities that our employees call home," said Alex Reed, president, General Revenue Corporation. "Our team of employees, along with The Sallie Mae Fund, is helping to make a difference in the community, and once again our employees have gone the extra mile to give back."

General Revenue Corporation is a subsidiary of Sallie Mae's Asset Performance Group -- one of the nation's leading providers of debt management services offering default prevention and debt recovery on state and federal levels. Sallie Mae acquired GRC in 2002.

General Revenue Corporation. With more than 25 years specializing in the collection of delinquent debt, General Revenue Corporation has redefined the art of borrower negotiation and utilizes state-of-the-art technology to its fullest. More than 1,000 clients across the United States trust GRC with resolving their borrowers' outstanding debt obligations. The company has 1,200 employees and is located in Cincinnati, Ohio, and specializes in the recovery of education-related receivables. Additional offices are located in Indianapolis, Ind., Las Vegas, Nev., and Horseheads, N.Y. GRC's Web site is located at http://www.generalrevenue.com/.

The Sallie Mae Fund, a charitable organization sponsored by Sallie Mae, achieves its mission -- to increase access to a post secondary education for America's children -- by supporting programs and initiatives that help open doors to higher education, prepare families for their investment, and bridge the gap when no one else can. For more information visit http://www.salliemaefund.org/. 

DATASOURCE: General Revenue Corporation



CONTACT:  Rick Castellano for General Revenue Corporation,

[phone], 



Web site:  http://www.salliemaefund.org/

http://www.generalrevenue.com/ 



Company News On-Call:  http://www.prnewswire.com/comp/827187.html

Copyright