CHICAGO, Nov. 19, 2018 /PRNewswire/ -- Boeing [NYSE: BA] corporate giving will exceed $230 million in 2018, driven by $55 million in new charitable grants, as well as increases in business and employee contributions.
The new $55 million charitable grants package will support 443 nonprofit organizations in 47 countries, funding programs through 2019 and beyond. Included in the package is $13 million for veterans' recovery and rehabilitation programs and workforce transition services — representing an increase in charitable giving of more than 70 percent over 2017.
Also included is a $1.1 million investment in the National Archives Foundation to underwrite the annual display of the Emancipation Proclamation. The ten year commitment will also fund education programs related to the history of the Proclamation and efforts to preserve the important historical document for future generations.
Boeing's corporate giving is amplified by its employee gift match programs. Earlier this year, the company increased gift match levels following the enactment of U.S. tax reform. Over the past five years, employee gifts matched by the company have increased 30 percent.
"Our people have unique skills and an unwavering passion for making a difference in the world, both through our products and services and the ways we give back to our communities," said Dennis Muilenburg, Boeing chairman, president and chief executive officer. "When that's combined with our professional networks, partnerships and financial resources, we have the potential to drive positive, lasting change across the globe in important areas such as STEM learning and veterans' support."
Anchored by local and regional employee engagement activities, Boeing corporate giving is focused on increasing access to globally competitive STEM learning in underserved and underrepresented communities; improving technical workforce skills; and supporting military families and veterans. Boeing investments also address unique local challenges critical to communities where the company operates.
U.S. grants will support a range of nonprofits, including FUSE, which focuses on science, technology, engineering, arts and math learning programs for Chicago-area K-12 students; Homes for Our Troops, which provides housing and support for severely injured, post-9/11 veterans and their families; and FamilyForward, which works to improve the health, development and overall well-being of youth living in St. Louis.
Boeing also will support several international nonprofits, including the Nettur Technical Training Foundation, which encourages disadvantaged youth and young adults to pursue aviation maintenance careers in India; The Air League, which provides aviation and flight school scholarships for wounded veterans in the United Kingdom; and OISCA International, which assists with coastal forest restoration efforts in the Tohoku region of Japan.
A full list of Boeing's grant partners can be found here.
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