Boeing Announces Over $54m In Grants, Philanthropic Investments

Lagos – The Boeing has announced details for $54m in grants and philanthropic sponsorships to nonprofits in the United States of America and around the globe.

As part of the company’s pledge to invest in local communities following the enactment of the tax reform legislation, the investments include new or accelerated partnerships with organisations that improve Technology, Engineering and Math (STEM) education, enhance transition and health services for veterans and their families, and enrich local communities.

“This investment is yet another example of how Boeing is putting tax reform to work already; we have expanded our ‘Dollars for Doers’ matching programme to reward employees who give their time and resources in support of causes important to them.

“With these additional charitable and philanthropic contributions, we are on track to surpass $200 million in total community giving in 2018. That’s a significant sum and shows how our company is driving innovation, supporting our people and improving Boeing communities around the world”, said Dennis Muilenburg, Boeing Chairman.

The investment package will help launch Boeing’s new “First to Mars” initiative – a comprehensive experiential learning framework that encourages interest in STEM and inspires the next generation to see the future in space as their future with Boeing.

Charitable dollars will also support the national scaling of innovative veterans’ health and wellness programs administered by the Tragedy Assistance Program for Survivors (TAPS) and the National Centre for Veterans Services (NCVS).

Funds have also been allocated for The Nature Conservancy (TNC) and TreePeople to assist with tree reforestation efforts on the U.S. West Coast following the devastating 2017 wildfire season.

The accelerated grant and sponsorship payments enabled by this investment will provide the company and recipient organizations with greater flexibility in funding future philanthropic activities.

“Given that Boeing is already an exceptional supporter of the Kennedy Center, these most recent gifts are a welcome and exceedingly generous surprise, with these gifts, Boeing has signaled its deep belief in the bright future that lies ahead as the Kennedy Centre moves towards the opening of The REACH in 2019, and our 50th anniversary in 2021.

“Through inspired leadership giving, Boeing is a vital and valued supporter in helping the Centre to realise its mission as the nation’s cultural center, said Deborah F. Rutter, President of the Kennedy Centre.

As part of the broader tax reform package, Boeing officials said the company would introduce additional charitable investment and employee benefits programs throughout 2018.

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Author: Olusegun Koiki