FOR IMMEDIATE RELEASE
KAR AUCTION SERVICES RAISES MORE THAN $170,000 FOR UNITED WAY OF CENTRAL INDIANA
Company breaks internal fundraising record
CARMEL, Ind., December 17, 2015 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that its annual fundraising campaign at the company’s corporate headquarters raised $173,228 for the United Way of Central Indiana. KAR Auction Services Chairman and CEO Jim Hallett made the announcement.
During the two-week campaign, employees took part in several activities that raised awareness about United Way’s impact, including a trivia contest, a coffee chat with Torchbearers and loaned executives and a silent auction, which together raised a total of $3,890. Through ePledges, employees raised an additional $84,669, and with KAR’s dollar-for-dollar matching, an additional $84,669 was added to produce the grand total of $173,228. This figure broke records for previous KAR campaigns and surpassed last year’s grand total of $129,000.
“It is inspiring to work with people who are so generous and so dedicated to giving back to the communities in which we live and work,” said Hallett. “We continue to surpass our record each year, and I couldn’t be more proud of our team and thankful for the positive impact this will have in helping those in need in the Indianapolis area.”
KAR’s United Way fundraising campaign is part of the company’s yearlong corporate giving campaign, which serves a variety of local and national nonprofit organizations.
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with approximately 13,000 employees and 240 auction facilities. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit www.karauctionservices.com.