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Brady Corporation Foundation Awards $280,000 to Its 2006 Grant Recipients: Next Door Foundation, the United Community Center and the Sheldon B. Lubar School of Business at the University of Wisconsin-Milwaukee
Brady Corporation Foundation Awards $280,000 to Its 2006 Grant Recipients: Next Door Foundation, the United Community Center and the Sheldon B. Lubar School of Business at the University of Wisconsin-Milwaukee
Published 11-01-06
Submitted by Brady Corporation
MILWAUKEE--(BUSINESS WIRE)--Nov. 1, 2006--The Brady Corporation Foundation has announced that Next Door Foundation, the United Community Center and the Sheldon B. Lubar School of Business at the University of Wisconsin-Milwaukee are its 2006 Foundation grant recipients.
Established last year as the primary source of charitable contributions for Brady Corporation (NYSE:BRC), the Brady Corporation Foundation focuses on developing a pipeline of future leaders who will positively impact the communities in which Brady operates. The foundation makes multi-year grants to non-profit organizations focusing on three primary areas of development: formative development that ensures a positive start through youth outreach programs and community outreach organizations; skills development that provides the right building blocks through primary and secondary school programs; and leadership development to refine skills at the college level and beyond.
In addition to the multi-year major grants, in 2006, Brady Corporation and the Brady Corporation Foundation contributed $120,000 in support of 30 community organizations including the Agape Community Center, the Wisconsin Foundation for Independent Colleges, the Wisconsin Academic Decatholon Program, the American Red Cross and the United Way. The Foundation also has a gifts-in-kind program which offers Brady products to schools and other programs related to education and leadership development.
"We are very impressed with the impact our first grantees make in our community, and are proud to now be a part of their continued success," said Allan Klotsche, chief operating officer of the Brady Corporation Foundation and president for Brady Asia Pacific. "As the Foundation moves forward, we will be looking for equally deserving candidates, as well as opportunities for Brady employees to get involved in making a difference in our communities. We also hope to expand our efforts beyond the Greater Milwaukee Area."
"We understand that good corporate citizenship means supporting the communities in which we live and work through the involvement of our employees, the benefits of our products and our financial support," said Brady President and CEO Frank M. Jaehnert.
In the area of formative development: The Brady Corporation Foundation has granted $100,000 over two years to Next Door Foundation's "Leaders of Tomorrow" program focused on providingpositive leadership, educational and recreational experiences that enrich knowledge, strengthen character and build the foundation for success in the lives of central city children. Half of Brady's funding is designated for capital investment in a new Brady Youth Leadership Training Center. The remaining half of Brady's grant will cover programming costs for 100 children per year served by the "Leaders of Tomorrow" program.
"This grant will help Next Door Foundation establish our 'Leaders of Tomorrow' program as a model for youth leadership that creates adults who are economically independent, contributing members of our community," said Sharon F. Schulz, Next Door executive director.
In the skills development category: The Brady Corporation Foundation has granted the United Community Center (UCC) $90,000 overthree years for its Achiever's Academy. The UCC Achiever's Academy has a successful track record of increasing the high school graduation rate of Hispanics in Milwaukee as well as encouraging their continued education beyond high school. The grant will provide $25,000 per year for programming with the remaining $5,000 per year designated for scholarships.
"The Brady Corporation Foundation grant is a tribute to the UCC staff and the community for their hard work, and will help us to further grow our services to ensure that young people realize their academic and leadership potential," said Ricardo Diaz, UCC executive director.
In support of leadership development: The Brady Corporation Foundation has granted $90,000 over three years to the Sheldon B. Lubar School of Business at the UWM to establish the "Brady Corporation Foundation Future Leader Fund." The goal of the program is to increase students' global awareness and competitiveness, develop leaders for today, and develop entrepreneurs who will shape tomorrow. It will use funding from the Foundation to provide international business study resources and scholarships.
"Both UWM and Brady have a strong commitment to the future leadership of this community, and we deeply appreciate their support as we continue to develop future business leaders who can meet the challenges of an increasingly competitive and global business environment," said V. Kanti Prasad, dean of the Sheldon B. Lubar School of Business.
Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Its products help customers increase safety, security, productivity and performance and include high-performance labels and signs, safety devices, printing systems and software, and precision die-cut materials. Founded in 1914, the company has more than 500,000 customers in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee and employs more than 8,000 people at operations in the Americas, Europe and Asia/Pacific. Brady's fiscal 2006 sales were approximately $1.018 billion. Brady stock is traded on the NYSE under the symbol BRC. More information is available on the Internet at www.bradycorp.com and www.foundation.bradycorp.org.
Copyright Business Wire 2006
