CATERPILLAR FOUNDATION SUPPORTS URGENT HUMANITARIAN NEEDS FOR THE UKRAINIAN PEOPLE
The Caterpillar Foundation is donating over $1 million to aid humanitarian efforts amid the ongoing crisis in Ukraine. This contribution will support organizations like the American Red Cross, Project Hope, and the Center for Disaster Philanthropy, providing essential resources such as food, medical supplies, and housing assistance. Additionally, the foundation is matching employee donations with a 2:1 ratio. Caterpillar's CEO, Jim Umpleby, expressed profound concern for the situation and highlighted the company's commitment to critical humanitarian efforts.
- Donation of over $1 million to support urgent humanitarian needs in Ukraine.
- Commitment to match employee donations at a 2:1 ratio to maximize contributions.
- Support for established organizations like the American Red Cross, enhancing the impact of donations.
- None.
DEERFIELD, Ill., March 9, 2022 /PRNewswire/ -- The Caterpillar Foundation, the philanthropic organization of Caterpillar Inc. (NYSE: CAT), is donating more than
This donation supports these organizations: American Red Cross to support the global Red Cross network response to the Ukraine Humanitarian Crisis, Project Hope, and the Center for Disaster Philanthropy. Donations will help support relief efforts such as water, food, clothing, hygiene sets, blankets, fuel for heating, medical supplies and housing support in Ukraine and surrounding countries.
"As the fighting intensifies in Ukraine, so does the dire situation for impacted families," said Gail McGovern, president and CEO of the American Red Cross. "We cannot thank the Caterpillar Foundation and Caterpillar employees enough for their generous contributions, enabling the global Red Cross network to provide humanitarian relief in response to the Ukraine crisis."
To amplify the giving, the Caterpillar Foundation is also matching gifts from global Caterpillar and dealer employees as well as U.S. retirees to the global Red Cross network in response to the Ukraine crisis through a 2:1 match. These gifts have surpassed the original match goal and will continue to remain open.
"We are deeply saddened by the tragic events continuing to occur in Ukraine and hope for a peaceful resolution to the crisis," shares Caterpillar Chairman and CEO Jim Umpleby. "Through the Caterpillar Foundation's platform, we are responding to the urgent humanitarian needs in Ukraine and its neighboring countries. I am proud of the generosity of our employees to support these critical efforts."
The Caterpillar Foundation also continues its long-standing support of the Annual Disaster Relief Program with the American Red Cross. This support helps ensure the Red Cross is ready to respond when needed to meet the needs of people affected by disasters and humanitarian emergencies across the U.S. and around the world.
About Caterpillar Foundation
Founded in 1952, Caterpillar's philanthropic organization, the Caterpillar Foundation, has contributed nearly
About Project HOPE
With the mission to place power in the hands of local health workers to save lives around the world, Project HOPE is a global health and humanitarian organization operating in more than 25 countries. Founded in 1958, we work side-by-side with local health systems to improve health and support community resilience. We work at the epicenter of today's greatest health challenges, including infectious and chronic diseases; disasters and health crises; maternal, neonatal and child health; pandemic preparedness and response; mental health for health workers; and the policies that impact how health care is delivered. For more information, visit www.ProjectHOPE.org and follow us on Twitter @ProjectHOPEorg.
About The Center for Disaster Philanthropy
The Center for Disaster Philanthropy's mission is to leverage the power of philanthropy to mobilize a full range of resources that strengthen the ability of communities to withstand disasters and recover equitably when they occur. CDP manages domestic and international disaster funds on behalf of corporations, foundations and individuals through targeted, holistic and localized grantmaking. For more information, visit: disasterphilanthropy.org or @funds4disaster.
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SOURCE Caterpillar Foundation
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