FAMILIES IN TRANSITION RECEIVES FUNDING FROM CITIZENS BANK FOUNDATION FOR EXPANSION OF CONCORD THRIFT STORE BOUTIQUE

FOR IMMEDIATE RELEASE

March 17, 2011

Cathleen A. Schmidt and Maureen BeauregardPHOTO: Citizens Bank New Hampshire President Cathleen A. Schmidt (left) stands with Families in Transition President Maureen Beauregard (right) at OutFITters Thrift Store in Manchester. The thrift store’s Concord Boutique is relocating and expanding with the help of donors like the Citizens Bank Foundation, enhancing the store’s capacity as a revenue stream for FIT

For more information, contact: Michele Talwani – 603.254.7841

$20,000 awarded for sustaining and enhancing services for the homeless

CONCORD, NH – Families in Transition (FIT), a Manchester and Concord-based homelessness nonprofit, is the recipient of a $20,000 charitable contribution from the Citizens Bank Foundation. The money will ultimately help to sustain and enhance FIT’s housing and services for the homeless by funding the expansion and relocation of OutFITters Thrift Store Boutique in Concord.

“On behalf of the Citizens Bank Foundation, I applaud Families in Transition for its entrepreneurial approach sustaining its programs”, said Cathleen A. Schmidt, president, Citizens Bank. “The relocation of the OutFITters Thrift Store will not only help generate funds to support FIT’s housing programs, but also provides workforce development opportunities for its clients.”

Since opening in November of 2009, the OutFITters Thrift Store Boutique has become a popular retail destination in Concord’s Bicentennial Square, providing shoppers with new and gently used upscale women’s clothing, shoes, and accessories. The thrift store is a sustainable revenue stream for FIT.

Later in 2011, FIT will relocate its boutique to Concord’s historic Main Street and expand the store by nearly 3,000 square feet. The increased visibility and greater capacity that accompanies the move will help grow sales revenue and strengthen the store as a stable source of funding for FIT programming. Additionally, the move will aid in the downtown revitalization of Concord.

“We are thankful of the support from Citizens Bank Foundation,” said Maureen Beauregard, President of Families in Transition. “By expanding and relocating the store into a more visible location, our goal is to increase revenues in order to continue Families in Transitions work to end homelessness. Right now, because of the limited space at our current Boutique location we only offer upscale items for women. When we expand, we’ll have the space needed to diversify the items we sell to a wider market.”

Families in Transition is a nonprofit organization that provides safe, affordable housing and comprehensive social services to individuals and families who are homeless or at risk of becoming homeless, enabling them to gain self-sufficiency and respect. FIT also owns and operates two thrift stores in Manchester and Concord, NH which serve as an economic engine to help pay for services they provide. For more information about FIT and the stores visit www.fitnh.org or call 603-641-9441.

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