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Corporate Social Responsibility
News
2.15.2006 ET
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Dow Donates $100 Million for Charitable Causes
(CSRwire) Taking advantage of strong business performance, The Dow Chemical
Company recently donated $100 million to The Dow Chemical Company
Foundation, which distributes charitable gifts to causes that improve the
quality of life in communities around the world where Dow operates.
"We are pleased to make this donation to help re-establish and strengthen
the Foundation's funding reserves, which have been drawn down in recent
years due to the challenging economic environment," says Bo Miller,
president and executive director of The Dow Chemical Company Foundation.
"This reserve will enable the Foundation to maintain its level of giving
in varying economic conditions, as well as provide flexibility to respond
to unforeseen needs, such as the recent Tsunami, US Gulf Coast hurricanes
and the South Asia earthquake," Miller said.
Established in 1979, the Foundation serves Dows philanthropic needs by
providing charitable gifts, primarily in the areas of economic
development, environmental stewardship, social support and science
education to eligible non-profit organizations in the communities in which
Dow operates. In 2005, Dow and The Dow Chemical Company Foundatio's giving
totaled nearly $ 24MM for purposes ranging from hurricane and tsunami
relief efforts to science education programs, the United Way and Habitat
for Humanity building projects around the world.
"Charitable giving is just one of several ways in which Dow demonstrates
good corporate citizenship," Miller said.
Dow is a diversified chemical company that harnesses the power of science
and technology to improve living daily. The Company offers a broad range
of innovative products and services to customers in more than 175
countries, helping them to provide everything from fresh water, food and
pharmaceuticals to paints, packaging and personal care products. Built on
a commitment to its principles of sustainability, Dow has annual sales of
$46 billion and employs 42,000 people worldwide. References to "Dow" or
the "Company" mean The Dow Chemical Company and its consolidated
subsidiaries unless otherwise expressly noted. More information about Dow
can be found at www.dow.com.
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