SOURCE: Center for Independent Living

May 09, 2006 11:33 ET

Center for Independent Living Receives Major Contribution

OLNEY, MD -- (MARKET WIRE) -- May 9, 2006 -- The Center for Independent Living is pleased to announce that it has received a charitable donation in the form of marketable securities valued in excess of $1,000,000. The Center for Independent Living is a 501(c) 3 not-for-profit corporation headquartered in Olney, Maryland.

The Center’s purpose is to improve community services for the elderly, disabled and disadvantaged through the support of research, study and education programs and by the acquisition and management of selected care facilities which may be developed as industry demonstration models.

Mr. Frederic Richardson, a Board Member of The Center for Independent Living, was very instrumental in securing this contribution. Mr. Richardson is the Chairman/President of East Coast Realty Ventures, Inc. of Rockville, Maryland.

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