PAOLI — Malvern Bank, National Association collected more than 500 books in support of Children’s Scholarship Fund Philadelphia (CSFP) and GreatPhillySchools’ 2019 Philly K-8 School Fair. This donation was made possible through the generous support of the bank’s customers, employees, and community members.
“I am thrilled that the community came together to provide their once-favorite children books to those who may need them the most,” said Anthony C. Weagley, President & CEO of Malvern Bank, National Association. “CSFP is making a meaningful difference in the lives of our next generation by providing resources that may not otherwise be accessible to them.”
CSFP’s mission is to increase the long-term economic and social success of children from low-income Philadelphia families by providing them financial access to safe, quality, K-8th grade tuition-based schools. The organization used the books collected for a Book Nook at the Philly K-8 School Fair where students had the opportunity to make their own bookmarks and take home one of the collected books for free. The School Fair featured representatives from more than 100 district, private and charter schools.
“Malvern Bank applauds CSFP and GreatPhillySchools’ work,” said Weagley. “According to the Annie E. Casey Foundation, 80 percent of all fourth-graders from low-income families are reading below proficient levels – an indicator that they are more likely to drop out of high school and have lower earnings as adults.”
“CSFP is proud to partner with Malvern Bank for this initiative, which allowed us to provide a book to every child at our Philly K-8 School Fair,” said Nicole Tell, Senior VP Development and COO of CSFP. “We believe every child, regardless of zip code or income, deserves access to quality education, and we were thrilled to offer the Book Nook as an additional resource for families this year.”