|[November 14, 2012]
Southern Wine & Spirits of America Directs $20 Million for Florida Scholarships
MIAMI --(Business Wire)--
Southern Wine & Spirits of America, Inc. (Southern) announces its 2012
$20 million contribution to the Step Up for Students Scholarship
Program. This tax redirection under the Florida Tax Credit Scholarship
Program will fund nearly 4,500 primary and secondary school scholarships
for economically disadvantaged Florida students during the 2012-13
school year. Southern's 2012 redirection marks the third year that the
company has supported the Program.
The Company's top executive leaders visited Miami's La Progresiva
Presbyterian School, a school that actively participates in the
scholarship program, to announce Southern's 2012 contribution.
Southern's President & Chief Operating Officer Wayne E. Chaplin - with
his father and Southern Chairman & Chief Executive Officer Harvey R,
Chaplin at his side - spoke with the students about the importance of
education to future success. Echoing advice he had received in his youth
from his father, Wayne Chaplin said to the students, "I encourage you
all to study hard and continue your education to college and beyond - as
far as your talents and drive take you." During the presentation,
Southern Wine & Spirits also presented to the school a contribution of
school supplies from its office supply partner, Staples (News - Alert).
"Southern Wine & Spirits enthusiastically supports Step Up for Students
in its mission of providing Florida students with access to the
education that best addresses their individual needs," added Harvey
Chaplin. "With our continued support, we look forward to the future
successes of the students who benefit from the program," he concluded.
Snce joining the Step Up for Students Scholarship Program in 2010,
Southern has redirected a total of $35 million, funding over 8,000
The Florida Tax Credit Scholarship Program enables corporations with
certain types of Florida corporate tax liabilities to redirect a portion
of these qualifying taxes to Step Up for Students. Companies receive
dollar-for-dollar tax credits for their redirection.
"We would like to express our heartfelt thanks to Southern Wine &
Spirits for their continued support of Step Up for Students," said Step
Up for Students President Doug Tuthill. "Through our partnership,
together we are changing the lives of thousands of children across
La Progresiva Presbyterian School is one of about 1,450 schools across
the state that participates in the Step Up for Students Scholarship
Program. Currently, there are 356 students who attend La Progresiva with
assistance from Step Up for Students.
About Southern Wine & Spirits of America, Inc.
Southern Wine & Spirits of America, Inc. is the nation's largest wine
and spirits distributor and broker with operations in 35 markets. The
multi-state distributor currently operates in: Alabama, Arizona,
California, Colorado, Delaware, Florida, Kentucky, Hawaii, Illinois,
Indiana, Iowa, Maine, Michigan, Minnesota, Mississippi, New Hampshire,
Nevada, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South
Carolina, Vermont, Virginia and West Virginia-as well as the additional
seven states of Alaska, Washington, Oregon, Idaho, Montana, Wyoming and
Utah through the Southern-Odom/Spirits West partnership. In addition,
Southern has a presence in Maryland and the District of Columbia through
a joint venture with F.P. Winner Wine & Spirits as well as a joint
venture operation in Minnesota with J.J. Taylor Distributing Company.
Southern also holds operating licenses and permits in Nebraska and
Texas. On a national basis, Southern Wine & Spirits of America, Inc.
employs more than 11,000 team members. For more information, see: http://www.southernwine.com.
About Step Up for Students
Step Up for Students is the non-profit organization responsible for
administering the Florida Tax Credit Scholarship program. The
scholarship program is available to students who qualify for the free or
reduced-price lunch program and provides tuition assistance to the
private school of their parents' choice - or transportation help to an
out-of-district public school. Scholarships are funded by corporations
that receive a dollar-for-dollar tax credit for their contributions. For
more information, visit www.stepupforstudents.org.
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