Boeing 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.
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.
Many of the Boeing grants support nonprofits in Washington. That includes a $1 million grant to The Nature Conservancy to plant trees in urban areas in Washington and restore Northwest forests burned during wildfires. Another grant of note is $1 million dollars Boeing gave – which was then supported by an additional $500,000 from the Boeing Employees Community Fund – to help create the world’s first children’s museum on a military base at Joint Base Lewis-McChord.
By Jason Capheart