Penny Charity

Many corporations, national charities, schools, and local philanthropies have realized the worth of the penny. Through the use of point-of-sale collections, penny drives, and competitive penny fundraisers, these groups have turned thousands of idle pennies into real dollars for everything from college scholarships to cancer research and housing for the homeless. These fundraisers clearly demonstrate the true value of the penny.

Below are some examples of where the penny has helped charities:

  • On the 200th anniversary of Abraham Lincoln's birth, the Leukemia and Lymphoma Society celebrated the 1.5 billionth ($150 million) penny collect by school students across the country for the "Pennies for Patients" program. The Leukemia & Lymphoma Society certainly recognizes that every penny literally counts. Indeed, the $150 million collected in the Pennies for Patients programs proves that pennies do add up to significant sums. With every life saved from blood cancer, their annual penny drives debunk the nay-sayers proving the penny's value.
  • The World Wildlife Fund relies heavily on microdonations. Over a six year period, over $500,000 was donated to the World Wildlife Fund through Coinstar® kiosks alone. "Every penny counts for an organization like ours and while individual donations through Coinstar® may be small, they add up in a big way," says Terry Macko, vice president and chief marketing officer at World Wildlife Fund.
  • Common Cents New York helps organizations transform "idle pennies into useful dollars," and has helped raise over one half million dollars (50 million pennies) through penny harvesting.
  • Habitat for Humanity receives a significant amount of funds from the Parade of Pennies, which is conducted by Church's Chicken. Within the first year of establishment, the Parade of Pennies has raised tens of thousands of dollars. Joe Fallon, from Habitat, reported that with these funds "another family has a house."
  • The Salvation Army recognizes the importance of the penny as illustrated by former Salvation Army commander, Lt. Bryan DeMichael, when he said: "If we can collect all those pennies and get them together, we could really do something good with it." In addition to the crucial pennies that are donated to the Salvation Army around the winter holidays, the organization will occasionally run a Red Kettle Campaign in which large amounts -- sometimes over 5 million -- of pennies are collected from various communities.
  • A counting study conducted by the 7-11 convenience store chain found that one-third of all the money collected in store collection receptacles can be attributed to the penny. In 7-11's situation, it amounted to $1 million of the $3 million donated in one year.


America's charities are the foundation of our nation's social safety net and help to ensure that people in need get the help they deserve. Can there be any doubt that penny drives and other innovative ideas are critical to all charities?

Links of interest:

Penny Charity



Many corporations, national charities, schools, and local philanthropies have realized the worth of the penny. Through the use of point-of-sale collections, penny drives, and competitive penny fundraisers, these groups have turned thousands of idle pennies into real dollars for everything from college scholarships to cancer research and housing for the homeless. These fundraisers clearly demonstrate the true value of the penny.



Below are some examples of where the penny has helped charities:

  • On the 200th anniversary of Abraham Lincoln’s birth, the Leukemia and Lymphoma Society celebrated the 1.5 billionth ($150 million) penny collect by school students across the country for the “Pennies for Patients” program. The Leukemia & Lymphoma Society certainly recognizes that every penny literally counts. Indeed, the $150 million collected in the Pennies for Patients programs proves that pennies do add up to significant sums. With every life saved from blood cancer, their annual penny drives debunk the nay-sayers proving the penny’s value.

  • The World Wildlife Fund relies heavily on microdonations. Over a six year period, over $500,000 was donated to the World Wildlife Fund through Coinstar® kiosks alone. “Every penny counts for an organization like ours and while individual donations through Coinstar® may be small, they add up in a big way,” says Terry Macko, vice president and chief marketing officer at World Wildlife Fund.

  • Common Cents New York helps organizations transform "idle pennies into useful dollars," and has helped raise over one half million dollars (50 million pennies) through penny harvesting.

  • Habitat for Humanity receives a significant amount of funds from the Parade of Pennies, which is conducted by Church's Chicken. Within the first year of establishment, the Parade of Pennies has raised tens of thousands of dollars. Joe Fallon, from Habitat, reported that with these funds "another family has a house."

  • The Salvation Army recognizes the importance of the penny as illustrated by former Salvation Army commander, Lt. Bryan DeMichael, when he said: "If we can collect all those pennies and get them together, we could really do something good with it." In addition to the crucial pennies that are donated to the Salvation Army around the winter holidays, the organization will occasionally run a Red Kettle Campaign in which large amounts -- sometimes over 5 million -- of pennies are collected from various communities.

  • A counting study conducted by the 7-11 convenience store chain found that one-third of all the money collected in store collection receptacles can be attributed to the penny. In 7-11's situation, it amounted to $1 million of the $3 million donated in one year.

    America’s charities are the foundation of our nation’s social safety net and help to ensure that people in need get the help they deserve. Can there be any doubt that penny drives and other innovative ideas are critical to all charities?

    Links of interest:

    Leukemia and Lymphoma Society 15 Billion-Penny Milestone Reached; Benefits Blood Cancer Research http://www.vosizneias.com/27223/2009/02/10/new-york-15-billion-penny-milestone-reached-benefits-blood-cancer-research/

    Coinstar® microdonations http://phx.corporate-ir.net/phoenix.zhtml?c=92448&p=irol-newsArticle&ID=1359034&highlight=poll

 

President's Day - A Time to Celebrate Abraham Lincoln and Cheaper Pennies

President's Day gives us the chance - at least once a year - to recognize Abraham Lincoln's immense contributions to the country and a legacy that continues to enrich us daily.


President Lincoln is a unique cultural and historical figure," said Mark Weller, Executive Director of Americans for Common Cents. Americans for Common Cents is a broad-based coalition of business and charitable organizations dedicated to keeping the penny. "It's not just that the front of the penny has had Lincoln's image since 1909, it's what Lincoln did for our nation," Weller added "He possessed all the qualities we want in a president -- the ability to unite a divided nation, honesty, strength, and humility," Weller concluded.


For the full press release, please click here

More than Two-Thirds of Americans Still Favor Keeping the Penny

Press Release

Contact: Mark Weller

(202) 408-3933

For Immediate Release

President's Day gives us the chance - at least once a year - to recognize Abraham Lincoln's immense contributions to the country and a legacy that continues to enrich us daily.

President Lincoln is a unique cultural and historical figure," said Mark Weller, Executive Director of Americans for Common Cents. Americans for Common Cents is a broad-based coalition of business and charitable organizations dedicated to keeping the penny. "It's not just that the front of the penny has had Lincoln's image since 1909, it's what Lincoln did for our nation," Weller added "He possessed all the qualities we want in a president -- the ability to unite a divided nation, honesty, strength, and humility," Weller concluded.

The image of President Lincoln is virtually synonymous with the penny. In 1909, Abraham Lincoln was the first historical figure to grace a U.S. coin when he was portrayed on the one-cent coin to commemorate his 100th birthday. The Lincoln penny was also the first U.S. cent to include the words "In God We Trust."

Polling shows overwhelming and increasing support for the penny by the American public. Over 68% of those surveyed favor keeping the penny in circulation, representing consistent and growing support for our lowest denomination coin according to Opinion Research Corporation.

The penny also just got less expensive to make. The US Mint reports the cost to produce pennies is down 14 percent from a year earlier and the lowest since level since 2008 due to lower metal prices. The lower production cost for the billions of new U.S. pennies put into circulation every year means the government spent over half a million less on pennies in 2015 on pennies than it did in 2014.

The American public continues to have a strong appreciation for both President Lincoln and the penny. The penny has become embroidered into the social and commercial fabric of society. In these uncertain economic times, the last thing consumers need is price rounding, inflation or reduced charitable assistance and savings that would accompany penny elimination. President Lincoln recognized the value of thrift, it’s a lesson modern Americans can follow as well.

 

Americans for Common Cents was established in 1990 to conduct research and provide information to Congress and the Executive Branch on the need to retain the penny. The organization is broad-based and comprised of, and endorsed by, many of the nation's leading coin and numismatic organizations, charitable organizations that benefit from penny donations, and companies involved in the manufacturing and transport of the penny.

 

Special Announcement!

Pennies for Pasta and Pennies for Patients

These are run by The Leukemia and Lymphoma Society through its local chapters as part of its renamed Student Series program:  www.studentseries.org

For more information, you should call your local Chapter which may be found by going to the Society's website at: www.lls.org

Please note Americans for Common Cents does not get actively engaged in any fundraising activities.

Contact Us

Americans for Common Cents
1301 K Street NW     
Suite 600, East Tower     
Washington, D.C. 20005-3364     
Phone (800) 561-7909
Fax (202) 408-6399
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