Aerospace company Boeing [NYSE: BA] has announced its corporate giving program will exceed USD 230 million in 2018, driven by USD 55 million in new charitable grants, as well as increases in business and employee contributions, the company said.
The new USD 55 million charitable grants package will support 443 nonprofit organizations in 47 countries, funding programs through 2019 and beyond. Included in the package is USD 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 USD 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will also fund education programs related to the history of the Proclamation and efforts to preserve the important historical document for future generations.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 US tax reform. Over the past five years, employee gifts matched by the company have increased 30 percent.
The Boeing Company is a leading manufacturer of commercial jetliners and defense, space and security systems. A top US exporter, the company supports airlines and US and allied government customers in more than 150 countries.