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Chartwell Helps Launch Fund to Support Senior Living Employees
Chartwell Helps Launch Fund to Support Senior Living Employees Canada NewsWire M...
About this update from Chartwell Retirement Residences
[{"type":"text","content":"\n\n\n\nChartwell Helps Launch Fund to Support Senior Living Employees\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMISSISSAUGA, ON, May 13, 2020\n\n\n\nMISSISSAUGA, ON, May 13, 2020 /CNW/ - Chartwell Retirement Residences (\"Chartwell\") (TSX: CSH.UN) today issued the following statement from its CEO, Vlad Volodarski:\n\n \n \n \n \n \n \n\n \nWe are proud to announce our role as a founding partner in the launch of the Senior Living CaRES Fund (the \"CaRES Fund\") inspired by the heroic efforts of long term care and retirement residence employees most especially during the COVID-19 pandemic. \nBorn from an idea of Chartwell's President and Chief Operating Officer, Karen Sullivan, a 33-year sector veteran and a passionate people leader, the CaRES Fund will offer one-time financial grants of up to $10,000 for urgent financial needs to employees of all retirement and long term care operators in Canada.  The CaRES Fund founding members, Chartwell Retirement Residences, Revera Inc., Extendicare and Sienna Senior Living, have committed an initial capital investment of $2 million to this initiative. \nIn appreciation for the dedication of all senior living workers on the front lines and for their selfless commitment to residents, families and each other, our Board of Directors have waived a portion of their 2020 compensation to allow Chartwell to contribute an additional $225,000, on top of its original $500,000 contribution. \nLonger term, the CaRES Fund will work to achieve charitable status for continued emergency support and to provide assistance for employees and their families seeking to pursue higher education and/or training. The CaRES Fund invites other operators, sector partners and the community to join us in expanding the vision and resources for this initiative so it can continue to be a reflection of the dedication, commitment and incredible selflessness of senior living employees for years to come.\nThis initiative is another example of industry leaders coming together to support our employees and the senior living secto...