LP Foundation Donates Over $550,000 in 2021 to Support Local Communities

Rhea-AI Summary

LP Building Solutions announced a donation of over $550,000 in 2021 through its LP Foundation, supporting local nonprofits and public schools in areas like housing and education. The foundation's significant donations included a $50,000 grant to the Adventure Science Center for an urban arboretum and contributions exceeding $10 million in teacher supplies since 2006. LP employees also volunteered extensively, reinforcing the company's commitment to community support and disaster relief efforts following several local crises.

Positive

• Donated over $550,000 in 2021, enhancing community support.
• Record-breaking contributions from the Community Mill Grants program.
• Expanded partnerships with local organizations, benefiting education and disaster relief.

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• None.

NASHVILLE, Tenn., Dec. 16, 2021 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, is proud to announce that the company donated more than $550,000 in 2021 through its LP Foundation and other corporate giving initiatives. The LP Foundation, a 501(c)(3) nonprofit organization, has five philanthropic programs: Grants and Sponsorships, Disaster Relief, Community Mill Grants, Employee Nonprofit Board Sponsorships, and the Employee Giving Match Program.   

The LP Foundation's philanthropic focus aligns closely with LP's vision, values and purpose of Building a Better World™. Donations are directed at nonprofits and public schools within the following categories: housing; environment; K-12 public education; and diversity, equity and inclusion.

"We stay true to LP's purpose of Building a Better World™ by enriching our community through thoughtful giving and volunteering," said LP Foundation President Breeanna Straessle. "2021 was an outstanding year for the LP Foundation in terms of both giving and impact. In addition to donating more than half a million dollars, LP employees also volunteered their time to dozens of local causes, such as building homes with Habitat for Humanity, teaching high school students about sustainable forestry, and collecting school supplies for teachers."

In 2021, the LP Foundation had a record-breaking year of giving through its Community Mill Grants program, donating more than ever within the communities where it operates. Organizations and schools were identified by employees at LP mills across the U.S. and Canada based on community need. The foundation also continued its tradition of contributing to nonprofits in Nashville, Tennessee, where the company is headquartered. Among these hometown grants was a $50,000 donation to the Adventure Science Center, a nonprofit science museum for children. The donation contributed to the development of an urban arboretum in the heart of Music City, a particularly fitting project given LP's long history of sustainable forest management.

"Support from the LP Foundation was instrumental in creating the Adventure Science Center 75^th Anniversary Arboretum, a project that allowed us to take our nonprofit mission outdoors, provide free learning experiences for the community, and celebrate a significant milestone in our history," said Adventure Science Center President and Chief Executive Officer Steve Hinkley. "Strong relationships with the business community have helped make Adventure Science Center an irreplaceable part of Nashville and Middle Tennessee, and we are grateful to the LP Foundation for their partnership."

The LP Foundation continued its long-time partnership with PENCIL, which connects community resources with Metro Nashville Public Schools. This year, the LP PENCIL Box program reached an incredible milestone—surpassing $10 million in free teacher supply donations since the program was launched in 2006.

Additional grants were issued this year to nonprofits such as LP's long-standing partner, Habitat for Humanity of Greater Nashville; Hard Bargain Association; Rebuilding Together Nashville; Tennessee Wildlife Federation; Serving Souls; Two Harbors Fire Department; Project Backpack; and United Way of Southwest Alabama, among others.

As a building solutions company, LP is deeply committed to rebuilding areas severely impacted by natural disasters where LP has a significant local employee and business presence. In 2021, both LP and the LP Foundation provided financial support for disaster relief and humanitarian aid following two devastating floods in Nashville, Tennessee, and surrounding communities; the 2020 Christmas Day bombing in historic downtown Nashville; and after a tornado ripped through Clarke County, Alabama, near an LP OSB facility.

In addition to LP's long tradition of community support, many of the company's employees are active members of their local communities, often volunteering their time and resources to support the needs of their communities. The foundation continued to support this work over the past year through its Employee Nonprofit Board Sponsorships and Employee Giving Match Programs. Since 2013, LP employees have personally contributed more than $370,000 to charitable organizations and educational institutions across North America, for which the LP Foundation has provided matching gifts totaling nearly $800,000.

The LP Foundation was established in 1973 as a U.S. 501(c)(3) nonprofit organization. Since its founding, the LP Foundation has donated more than $20 million to nonprofits and K-12 schools in the communities where LP operates.

About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers, and homeowners worldwide. LP's extensive offerings include innovative and dependable building products and accessories, such as 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, and LP® FlameBlock® Fire-Rated Sheathing and more), LP^® TopNotch^® 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 our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 25 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.

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SOURCE Louisiana-Pacific Corporation

FAQ

How much did LPX donate in 2021?

LPX donated over $550,000 in 2021 through its LP Foundation.

What was the purpose of LPX's donations in 2021?

The donations supported nonprofits and public schools focusing on housing, environment, and education.

What notable grant did LPX make in 2021?

LPX made a $50,000 grant to the Adventure Science Center for an urban arboretum.

What milestone did the LP PENCIL Box program achieve?

The LP PENCIL Box program surpassed $10 million in free teacher supply donations since its launch.

How has LPX contributed to disaster relief?

LPX provided financial support for disaster relief following floods and other crises in local areas.