Charities race to cash in on penny's demise
The end of the Canadian penny has been a boon to several charities, but is leaving others worried about what will happen to their coin jars.
First, the good news. Free The Children, an international charity based in Toronto, has already rounded up 70 million pennies during its nationwide penny drive. By the charity’s math, that’s enough to provide 28,000 people in developing countries with clean drinking water for life.
“The 70 million pennies collected so far show just how enthusiastically Canada’s youth have taken this campaign to heart," said Free The Children founder Craig Kielburger in a release.
Other charities are hoping for similar results. Tim Hortons is running a penny drive for its children’s foundation as an extension of its ongoing coin jar program. The coffee company’s website says coin boxes already bring in about $1 million in pennies each year.
901 page views
|
|
|
|