CHS and CHS Foundation Announce Hurricane Relief Funds
CHS and CHS Foundation Announce Hurricane Relief Funds
ST. PAUL, Minn., Sept. 2 /PRNewswire-FirstCall/ -- CHS Inc. (NASDAQ:CHSCP) and the independent CHS Foundation announced today plans to contribute a combined $100,000 to Hurricane Katrina relief efforts and pledged matching funds for CHS system employees and member cooperatives who contribute to designated efforts.
"As individuals and as businesses, we are once again faced with a great responsibility to step forward and support emergency relief efforts," said John Johnson, CHS president and chief executive officer, and Michael Toelle, chairman of the CHS Foundation Board of Trustees. "This situation, in particular, hits home for CHS and our joint venture company Agriliance, LLC.
"CHS has more than 100 employees in those states, a majority employed at our Myrtle Grove export facility. We have dealer locations, as well as customers from our grain, energy and agronomy operations. The long-term impact on the rural communities across that region is as unknown today as the lives lost in the region."
CHS Inc. and the CHS Foundation will each contribute $50,000 to relief efforts. In addition, two separate funds have been established to receive contributions from CHS member cooperatives, as well as employees of CHS and Agriliance, with a match of up to $50,000 for each fund.
The corporate fund will be directed to employees of the CHS Myrtle Grove grain terminal and will be disbursed equally among the facility's 97 current employees, Johnson said.
"In keeping with our agricultural history and mission, CHS Foundation funds will go to general relief efforts in rural Mississippi and Louisiana," Toelle added. "Those funds will be directed to an appropriate relief organization which will be named shortly."
CHS system employees and member cooperatives should direct their contributions to:
-- To help CHS Myrtle Grove employees, send a personal check, made out to
The CHS Myrtle Grove Employee Relief Fund, to Becky Couture at Mail
Station 110, 5500 Cenex Drive, Inver Grove Heights, MN 55077.
-- For relief efforts in the rural areas of Louisiana and Mississippi,
send a personal check, made out to CHS Foundation, to Mail Station 407,
5500 Cenex Drive, Inver Grove Heights, MN 55077.
Contributions must be received by Friday, Sept. 23, 2005, to be eligible for matching funds.
CHS Inc. ( http://www.chsinc.com/ ) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives. A Fortune 500 company, CHS is owned by farmers, ranchers and cooperatives from the Great Lakes to the Pacific Northwest and from the Canadian border to Texas, along with thousands of preferred stockholders. CHS provides products and services ranging from grain marketing to food processing to meet the needs of customers around the world. It also operates petroleum refineries/pipelines and, through a broad range of working partnerships, markets and distributes Cenex(R) brand energy products, along with agronomic inputs and feed to rural America. CHS is listed on the NASDAQ at CHSCP.
The CHS Foundation ( http://www.chsfoundation.org/ ) is committed to investing in the future of rural America, agriculture and cooperative business through education and leadership development. The CHS Foundation has endowed assets of more than $25 million, with more than $1.7 million distributed annually through grants, scholarships and educational support. Its program focuses include scholarships, rural youth leadership development, returning value to rural communities, cooperative education, farm and agricultural safety, and emergency assistance and disaster relief.
Source: CHS Inc.
CONTACT: Lani Jordan of CHS Inc., +1-651-355-4946,
lani.jordan@chsinc.com
Web site: http://www.chsinc.com/
http://www.chsfoundation.org/
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