3.23.2000 ET

(CSRwire) Christian Children's Fund (CCF) today announced contributions in excess of $80,000 from Capital One. The donation will fund youth literacy programs in Texas and in the impoverished Mississippi Delta region.




These contributions are the initial results of a long-term partnership forged eight months ago with Capital One, in which these two Richmond-area companies joined forces to create affinity credit cards with ten different product designs. Through this ongoing partnership celebrated at today's announcement, Capital One donates a portion of Capital One/CCF customer purchases to CCF's at-risk youth programs.

"Christian Children's Fund welcomed the opportunity to develop a business relationship with Capital One because we are familiar with their dedication to building long-term, meaningful partnerships with community organizations," said CCF's President John Schultz. "It is because we have similar priorities of service to at-risk children that we believe this partnership is a strong match and will enable us to reach many children in difficult situations."

"Capital One and CCF share a fundamental understanding that caring for our children is the single greatest investment we can make in our future," said Ryvers Wright, Business Manager of Capital One's Lifestyles Group. "We're excited about the opportunity to leverage our strengths with those of our neighbors at CCF to positively impact children in need at a national level."

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (www.CapitalOne.com) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 23.7 million accounts and $20.2 billion in managed loans outstanding as of December 31, 1999, and are among the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 Index. For the second consecutive year, Fortune magazine has named Capital One to its list of the "Best Places to Work in the US."

Christian Children's Fund, founded in Richmond, Virginia in 1938, is an international non-profit child development organization dedicated to providing long-term, sustainable assistance to impoverished children around the world. Services are provided to approximately 2.5 million children regardless of race, religion, or gender in 30 countries including the United States. Consumers Digest has recognized Christian Children's Fund as one of the nation's most charitable charities. Christian Children's Fund has also been recognized for its outstanding stewardship by other publications including Forbes, Parenting Magazine, The Chronicle of Philanthropy and The Non-Profit Times.