Penn National Gaming to Contribute $1 million to barstool fund for small businesses
Penn National Gaming is proud to support our partner Dave Portnoy and Barstool Sports in helping to sustain small business owners around the country who have been hard hit by the ongoing COVID-19 pandemic. Already, over $22 million has been raised to provide ongoing support to more than 112 businesses and counting. We look forward to joining the fight to help save our small main street businesses.
Letter from jay snowden, president and ceo, to penn national gaming team members
• $2M Added to COVID-19 Emergency Relief Fund
2020 has undoubtedly been one of the most challenging years in history. Like all businesses around the world, we continue to deal with issues that we never could have anticipated or imagined. All of this has made me even more appreciative of who we are as a company and the family unit we have created at Penn. As we enter this holiday season, I hope all of us will take some time to reflect on what we have accomplished, and more importantly what new opportunities lie ahead.
REading Terminal Market
We partnered with Barstool Sports on October 22 to help save Philadelphia’s historic Reading Terminal Market.
The Market, an over 120-year old venue for many small businesses, is suffering from decreased business as a result of COVID-19 and launched a GoFundMe campaign to assist with its survival. The Market is a 501 (c)3 non-profit organization that supports family businesses, educational opportunities for low income Philadelphia youth, and is one of the largest sites for redemption of SNAP benefits in Pennsylvania.
Penn National and Barstool stepped up and in 24 hours raised helped Reading Terminal Market meet and exceed its fundraising goal.
Hurricane Laura Relief Fund
Penn National has established a special Hurricane Laura Relief Fund under the Penn National Gaming Foundation for team members at L’Auberge Lake Charles Casino Hotel to apply for financial assistance for their immediate needs, such as food, clothing, and shelter. Penn National has provided $500,000 in seed money to get the fund started and also donated $50,000 to two leading local relief organizations in Lake Charles. All together, Penn National has contributed more than $2.5 million to assist L’Auberge and the Lake Charles community in their time of need, which includes our cost to cover full wages and benefits for our team members since L’Auberge has been closed. Please click the link below to support our critical relief efforts for those in need in Lake Charles and the surrounding communities.
COVID-19 EMERGENCY RELIEF FUND
Penn National has established a special COVID‐19 Emergency Relief Fund under the Penn National Gaming Foundation to provide assistance to team members and local relief organizations. The Company has raised more than $1.7 million from personal donations from our CEO Jay Snowden and senior management team, our Board of Directors, property general managers, and contributions from our Foundation and property employee assistance programs. Information on how to apply for assistance from the Emergency Relief Fund and the process for issuing grants will be available in the near future.
In-Kind and Monetary Donations
About the Penn National Gaming Foundation
The Penn National Gaming Foundation, a 501(c)3 private foundation, was launched in 2005 by Penn National Gaming, Inc. in the wake of Hurricane Katrina to assist the nearly 2,000 Penn National employees impacted by the storm. The Foundation awarded over $1.4 million in grants for immediate needs such as food, water, clothing, shelter and medical needs.
The Foundation also supported relief efforts across the Gulf Coast through donations to organizations such as Hope Haven Shelter in Bay St. Louis, the MS Law Enforcement and Firefighter Katrina Relief Fund, KaBOOM! and its efforts to rebuild playgrounds on the Coast, and the Gulf Coast-area Salvation Army.
Today, the Penn National Gaming Foundation is proud to support numerous local non-profit organizations in the communities in which Penn National operates, focusing on projects that promote community development, education, human services, cultural affairs and diversity, and health services.
About Our Grant Program
Penn National Gaming Foundation Inc. grants shall be used to address the broad needs of the residents of the communities in which Penn National Gaming, Inc. (PNGI) operates or has a business interest, which currently includes the following states: Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, and West Virginia.
Foundation grants shall generally fall in the following categories:
Community Development: Projects and programs related to community infrastructure improvements, public safety, economic development, housing, historic preservation, citizen involvement, civic leadership training, and other general community activities.
Education: Programs which support preschool, elementary and secondary education, post-secondary education and special education programs.
Human Services: Programs which address the needs of children and youth, senior citizens and disadvantaged populations, especially in times of natural or man-made disasters.
Cultural Affairs & Diversity: Programs and facilities designed to foster an understanding, appreciation and celebration of different cultures and encourage participation among individuals of different cultures and belief systems.
Health: Local health and medical-related programs.
Veteran and Military Support: Programs that provide support and services to veterans, active members of the military and their families.
Applicants must have tax-exempt status under section 501(c) (3) of the Internal Revenue Code, and must be physically located in the city, town or region where Penn National Gaming has a business interest.
Grant determinations will be considered on a quarterly basis. Applications are due by 5 p.m. Eastern Time on the following dates in order to be considered for that quarter. Late applications will be forwarded to the next quarter for review:
- January 1
- April 1
- July 1
- October 1