Pennrose, a leader in multifamily development and management, has launched the Pennrose Foundation, a nonprofit charity organization. A coinciding initiative, Pennrose Reaching Out (PRO), has been created to engage and recognize employees who participate in the charitable activities of the foundation.
The Pennrose Foundation aims to further enhance the Philadelphia-based company’s mission of transforming communities by supporting organizations and events that benefit seniors, wellness initiatives, and the communities surrounding Pennrose locations across the company’s footprint in the East and Midwest.
“For the last 40 years, we have dedicated ourselves to changing lives through quality housing,” says Mark H. Dambly, president of Pennrose. “As we have continued to grow, so has our commitment to supporting initiatives that enable our residents, employees, and neighbors to thrive. The Pennrose Foundation is a natural next step to further our company mission of improving the communities we serve.”
The following individuals will serve as officers of the foundation: Dambly, president; Patrick Brala, treasurer; Carrie Holak, secretary. The directors will be Brala, Holak, Shannon Mowry, Lee R. Reedy, and R.J. Saturno.
The foundation’s activities will be largely determined by PRO committee members and ambassadors, who are comprised of company employees covering a broad array of disciplines and regions. The committee and ambassadors are currently identifying organizations and volunteer opportunities to support with the first events focused on hunger relief. Each quarter, PRO will focus activities to support a different cause.
Pennrose is one of the nation's largest developers and owenrs of affordable housing. The firm owned more than 12,300 affordable housing units in 190 properties at the start of this year.