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LP Building Solutions and LP Foundation Donate Over $1.3 Million in 2024 to Support Nonprofits, Schools, and Communities

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LP Building Solutions and LP Foundation announced over $1.3 million in charitable contributions for 2024, marking their fifth consecutive year of increased donations and fourth straight year exceeding $500,000. The foundation distributed funds to more than 100 nonprofits and public schools, focusing on three main areas: affordable housing, environmental stewardship, and future workforce development.

The Foundation awarded nearly $500,000 in community grants, supporting initiatives like Dickinson Trail Network in Michigan and Goodwill Industries' Skilled Trades Training program. Notable partnerships include the Gary Sinise Foundation, providing LP® SmartSide® materials for veterans' homes, and disaster relief efforts following Hurricane Helene, including OSB donations for rebuilding projects.

LP Building Solutions e LP Foundation hanno annunciato oltre 1,3 milioni di dollari in contributi caritativi per il 2024, segnando il quinto anno consecutivo di aumenti nelle donazioni e il quarto anno di fila in cui si supera la soglia dei 500.000 dollari. La fondazione ha distribuito fondi a più di 100 organizzazioni nonprofit e scuole pubbliche, concentrandosi su tre aree principali: abitazioni a prezzi accessibili, tutela ambientale e sviluppo della futura forza lavoro.

La Fondazione ha assegnato quasi 500.000 dollari in sovvenzioni comunitarie, supportando iniziative come il Dickinson Trail Network in Michigan e il programma di formazione per mestieri specializzati di Goodwill Industries. Tra le partnership significative vi è la Gary Sinise Foundation, che fornisce materiali LP® SmartSide® per le abitazioni dei veterani, e gli sforzi di soccorso dopo l'uragano Helene, comprese le donazioni di OSB per progetti di ricostruzione.

LP Building Solutions y LP Foundation anunciaron más de 1,3 millones de dólares en contribuciones benéficas para 2024, marcando su quinto año consecutivo de aumento en donaciones y cuarto año consecutivo superando los 500,000 dólares. La fundación distribuyó fondos a más de 100 organizaciones sin fines de lucro y escuelas públicas, centrando sus esfuerzos en tres áreas principales: vivienda asequible, protección del medio ambiente y desarrollo de la futura fuerza laboral.

La Fundación otorgó casi 500,000 dólares en subvenciones comunitarias, apoyando iniciativas como el Dickinson Trail Network en Michigan y el programa de formación en oficios de Goodwill Industries. Entre las asociaciones notables se incluye la Gary Sinise Foundation, que proporciona materiales LP® SmartSide® para hogares de veteranos, y los esfuerzos de ayuda tras el huracán Helene, que incluyen donaciones de OSB para proyectos de reconstrucción.

LP 빌딩 솔루션즈와 LP 재단은 2024년을 위해 130만 달러 이상의 자선 기부를 발표하며, 이는 연속하여 다섯 번째 해에 기부가 증가한 것을 의미하고, 네 번째 해에는 50만 달러 이상의 기부를 초과했다는 것을 나타냅니다. 재단은 100개 이상의 비영리 단체와 공립학교에 자금을 배분했으며, 주로 세 가지 주요 분야에 집중했습니다: 저렴한 주택, 환경 보호, 그리고 미래 인력 개발.

재단은 지역 사회 프로젝트에 거의 50만 달러를 지원하며, 미시간의 디킨슨 트레일 네트워크와 굿윌 산업의 숙련된 기술 훈련 프로그램과 같은 이니셔티브를 지원합니다. 주목할 만한 파트너십으로는 재향군인을 위한 LP® SmartSide® 자재를 제공하는 게리 시나이스 재단과 허리케인 헬렌 이후 재건 프로젝트를 위한 OSB 기부를 포함한 재난 구호 노력이 있습니다.

LP Building Solutions et LP Foundation ont annoncé plus de 1,3 million de dollars de contributions caritatives pour 2024, marquant leur cinquième année consécutive d'augmentation des dons et leur quatrième année d'affilée dépassant 500 000 dollars. La fondation a distribué des fonds à plus de 100 organisations à but non lucratif et écoles publiques, en se concentrant sur trois domaines principaux : logement abordable, protection de l'environnement et développement des futures compétences de la main-d'œuvre.

La fondation a accordé près de 500 000 dollars en subventions communautaires, soutenant des initiatives telles que le Dickinson Trail Network dans le Michigan et le programme de formation aux métiers spécialisés de Goodwill Industries. Parmi les partenariats notables, on trouve la Gary Sinise Foundation, fournissant des matériaux LP® SmartSide® pour les maisons des anciens combattants, ainsi que des efforts de secours après l'ouragan Helene, y compris des dons de bois OSB pour les projets de reconstruction.

LP Building Solutions und die LP Stiftung kündigten über 1,3 Millionen Dollar an philanthropischen Beiträgen für 2024 an, was das fünfte Jahr in Folge mit einem Anstieg der Spenden und das vierte Jahr in Folge mit einem Überschreiten von 500.000 Dollar markiert. Die Stiftung unterstützte mehr als 100 gemeinnützige Organisationen und öffentliche Schulen und konzentrierte sich dabei auf drei Hauptbereiche: erschwinglicher Wohnraum, Umweltschutz und Entwicklung der zukünftigen Arbeitskräfte.

Die Stiftung vergab fast 500.000 Dollar in Gemeinschaftszuschüssen zur Unterstützung von Initiativen wie dem Dickinson Trail Network in Michigan und dem Ausbildungsprogramm für Fachberufe von Goodwill Industries. Bedeutende Partnerschaften umfassen die Gary Sinise Stiftung, die LP® SmartSide® Materialien für die Häuser von Veteranen bereitstellt, sowie Hilfsmaßnahmen nach dem Hurrikan Helene, einschließlich OSB-Spenden für Wiederaufbauprojekte.

Positive
  • Fifth consecutive year of increased charitable contributions
  • Expanded partnership with Gary Sinise Foundation providing building materials
  • Support for workforce development initiatives enhancing industry talent pipeline
Negative
  • None.

Insights

The $1.3 million philanthropic contribution, while commendable from an ESG perspective, represents a minimal portion of LP Building Solutions' $8 billion market cap and is unlikely to materially impact the company's financial performance or stock value. The strategic focus on workforce development and partnerships, particularly in manufacturing and forestry, could yield long-term benefits in talent acquisition and retention, but these impacts would be gradual and indirect. The disaster relief efforts and community support may enhance brand reputation locally, but the scale isn't significant enough to move the needle on investor sentiment or market performance.

Year in giving reflects continued commitment to housing initiatives, environmental stewardship, and workforce development

NASHVILLE, Tenn.--(BUSINESS WIRE)-- LP Building Solutions (LP), a leading manufacturer of high-performance building products, announced contributions exceeding $1.3 million in 2024 through the LP Foundation and other corporate giving initiatives. This marks the fifth consecutive year of increased contributions and the fourth straight year surpassing $500,000 in annual donations. These funds have supported over 100 nonprofits and public schools.

Year in giving reflects LP's continued commitment to housing initiatives, environmental stewardship, and workforce development. (Photo: Business Wire)

Year in giving reflects LP's continued commitment to housing initiatives, environmental stewardship, and workforce development. (Photo: Business Wire)

The LP Foundation, an independent 501(c)(3) nonprofit entity fully funded by LP, has been Building a Better World™ since 1973. Today, it operates five philanthropic programs: Community Grants, Disaster Relief, Team Member Giving Matches, Team Member Nonprofit Board Service Grants, and a partnership with the Gary Sinise Foundation.

“Our mission is to strengthen communities, protect our environment, and foster the next generation of talent,” said LP Foundation President Breeanna Straessle. “We’re proud to see how our contributions continue to create a lasting impact across the U.S. and Canada.”

Strengthening Communities Through Strategic Giving
The LP Foundation prioritizes three areas aligned with LP’s mission and values:

  • Affordable Housing: Supporting home-building initiatives in LP operational areas
  • Environmental Stewardship: Protecting ecosystems and supporting resilient, biodiverse forests
  • Future Workforce Development: Attracting diverse talent in manufacturing, forestry, and construction trades

In 2024, the Foundation awarded nearly $500,000 in community grants to dozens of nonprofits, including Dickinson Trail Network in Michigan to expand non-motorized trails and Goodwill Industries of Middle Tennessee’s Skilled Trades Training program. Other examples include grants to Cheekwood Estate & Gardens in Nashville for reforestation after severe weather events and Cameron Lake Outdoor Education Centre in British Columbia, which provides environmental education to public school students.

"With more than 2,300 trees, Cheekwood Estate & Gardens is an accredited arboretum that celebrates the diversity of Middle Tennessee’s native tree canopy and serves the community as an outdoor classroom, as well as a place for respite for people and wildlife,” said Cheekwood Vice President of Gardens and Facilities Peter Grimaldi. “On behalf of Cheekwood, we are eternally grateful for the LP Foundation’s generous support with funding to plant trees in our arboretum, which helps us replace the trees lost to extreme weather between 2021 and 2023. LP’s investment is invaluable to our ongoing mission to replant, restore, and renew our diverse tree collection.”

Expanding National Partnerships
LP deepened its partnership with the Gary Sinise Foundation in 2024, donating LP® SmartSide® Trim & Siding for specially adapted homes for wounded veterans. Last month, LP helped build a home for retired U.S. Army Sergeant Joshua Hargis in honor of Veterans Day.

“LP’s generosity enables us to further amplify our support of our nation’s incredible heroes and their families,” said Gary Sinise Foundation Executive Director Donna Mercier. “On behalf of our founder Gary Sinise, we are so grateful for their unwavering support of our mission.”

Disaster Relief and Community Resilience
Following Hurricane Helene’s devastation in the Southeast U.S., LP provided critical support to impacted areas in North Carolina and Tennessee, including donations to humanitarian relief efforts, over 6,000 bottles of water, and OSB for rebuilding projects.

“Our community faced catastrophic flooding, and LP’s swift response made a tangible difference,” said LP Roaring River HR Manager Constance Fine.

Fostering Workforce Development
LP is dedicated to building a more inclusive and skilled workforce, supporting initiatives like the Manufacturing Institute’s Women MAKE America and Heroes MAKE America programs, the Forest Workforce Training Institute, and the Building Talent Foundation, which connects young people and underrepresented groups to opportunities in construction trades.

Additional support was provided to organizations such as the National Association of Black Accountants, fostering diversity in finance and accounting, and other nonprofits that advance inclusion and career development in the manufacturing and forestry industries.

Learn more about LP’s philanthropic programs at LPCorp.com.

About LP Building Solutions:
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore® Thermal Insulated Sheathing and LP® TopNotch® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

615-986-5886

Media.Relations@LPCorp.com

Source: LP Building Solutions

FAQ

How much did LP Building Solutions donate in 2024?

LP Building Solutions and LP Foundation donated over $1.3 million in 2024 to support nonprofits, schools, and communities.

What are the main focus areas of LP Foundation's charitable giving?

The LP Foundation focuses on three main areas: affordable housing initiatives, environmental stewardship, and future workforce development.

How much did LP Foundation award in community grants for 2024?

The LP Foundation awarded nearly $500,000 in community grants to various nonprofits in 2024.

How did LP Building Solutions support disaster relief efforts after Hurricane Helene?

LP provided humanitarian relief, over 6,000 bottles of water, and OSB materials for rebuilding projects in affected areas of North Carolina and Tennessee.

What workforce development programs does LP support?

LP supports the Manufacturing Institute's Women MAKE America and Heroes MAKE America programs, the Forest Workforce Training Institute, and the Building Talent Foundation.

Louisiana-Pacific Corp.

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