Parsec Financial announces the 2016 recipients of its annual Parsec Prize. For the 11th consecutive year, Parsec Financial is giving back to the communities it serves by awarding ten deserving organizations a share of the annual Parsec Prize. This year, Parsec will be donating $100,000. This donation will be used to further the missions of these local nonprofits who are working to improve the lives of those served with their programs and services.

“The Parsec Prize helps local non-profits have a real impact on their communities.  Their work is so important and we are honored to be part of their legacy.  We are always impressed by these organizations that strive to improve the lives of others and the community,” said Rick Manske, CEO, Parsec Financial.

Parsec Financial founded the Parsec Prize in 2005. Since that time, Parsec has given over $850,000 in prizes to 61 local nonprofits serving western North Carolina and Charlotte. The Parsec Prize represents approximately one half of Parsec’s annual giving. Giving back to the community is a fundamental value at Parsec and they have long maintained a significant commitment to charitable giving.

For over 35 years, Parsec Financial has provided financial planning and investment management services to Western North Carolina and beyond. With over $1.7 billion assets under management as of December 31, 2015, Parsec provides asset and investment management, retirement planning, and estate and trust advisory services. For more information on Parsec Financial please visit: parsecfinancial.com.

 -Submitted by Zander Guinn Millan