CIT funds student computer lab with donation to Musical Arts Institute of Chicago

CIT Group Inc.. (CIT) recently announced that it has made a donation to the institute of musical arts (MAI) to fund a computer lab that will strengthen the organization’s music education in underserved areas of Chicago, a community need identified by a CIT Small Business Solutions client as part of the company’s Acts of Caring initiative.

CIT’s donation provides five Apple iMac computers with Logic Pro X software to help MAI establish a much-needed computer lab for students to write and create music, practice instruments, and learn music theory.

The Institute of Musical Arts enables students to compete for college scholarships and pursue lasting professional careers in music, offering lessons in voice, piano, percussion, string orchestra, wind instruments , bass and guitar, music theory and production, in addition to specialized courses. MAI engages 2,500 students annually to develop and hone their talent and support college placement, including scholarship assistance.

“When the Musical Arts Institute was founded ten years ago, we noticed that students in the Chicago public school system and in black communities did not have access to advanced musical education. We have therefore assembled a team of professional musicians and educators to meet this need and provide musical education. for students,” said Michael Manson, executive director of the Musical Arts Institute. “CIT’s donation of computers and software will further support these students in their musical endeavours, providing them with the technical tools they need to succeed.”

“CIT is proud to serve the needs of our communities and deliver projects on behalf of our clients through our Acts of Caring initiative,” said Ken Martin, managing director of Small Business Solutions at CIT. “We are pleased to provide MAI with computers and software that will improve the music education of students in underserved areas and support their dreams of going to college and pursuing rewarding careers. »

CIT Acts of Benevolence

As part of the CIT acts of kindness program, the company invited customers to nominate a need in their hometown and share how the company could support these efforts on their behalf. Identified by a CIT client Small Business SolutionsMusical Arts Institute is one of ten projects nationwide that has been selected to receive a grant from CIT this summer.

The customer program follows a month-long social good project where CIT employees performed more than 3,000 acts of mutual aid and dedicated nearly 5,000 hours to support causes such as COVID-19 relief , combating food insecurity, improving the environment and promoting social and economic justice. .

Learn more about CIT’s Acts of Caring initiative at cit.com/ActsOfCaring.

About the Institute of Musical Arts

The Musical Arts Institute (MAI) is a nonprofit, 501(c)(3) music school that provides high-quality instrumental and vocal education to culturally and economically underserved young people in Chicago. Its mission is to transform the minds of our young people through world-class music education. Since its founding 10 years ago, MAI has grown into a leading musical performance organization whose goal is to prepare students, especially those living in underresourced communities, with character and skills aligned with the success in school and in life, thus reaching their full potential. . Our students receive in-school instruction as well as intensive after-school, private and group training when access to music education is limited or non-existent. The Musical Arts Institute is recognized as one of the highest rated nonprofit organizations in the United States based on community service and financial responsibility.

About CIT

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to achieve their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with more than a century of experience and operates a primary banking subsidiary, CIT Bank, NA (Member FDIC, Equal Housing Lender). The Company’s commercial banking segment includes trade finance, community association banking, middle market banking, equipment and supplier finance, factoring, railcar finance, treasury services and payments, as well as capital markets and asset management. CIT’s retail banking segment includes a nationwide network of direct banks and regional branches. Find out more about cit.com/about.

MEDIA RELATIONS:
Susan Fitzpatrick
212-461-7806
Susan.Fitzpatrick@cit.com

ICT

ICT

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to achieve their goals. CIT Group Inc. is a financial holding company with over a century of experience and operates a primary banking subsidiary, CIT Bank, NA The Company’s commercial banking segment includes trade finance, real estate finance, equipment, factoring and car financing. CIT’s retail banking segment includes its national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank. Find out more at cit.com/about.

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