Norfolk Southern announces $5 million contribution to the Hampton Roads community

Rhea-AI Summary

Norfolk Southern (NYSE:NSC) announced a $5 million contribution to the Hampton Roads community, reflecting gratitude towards its employees and retirees. Starting January 2022, the company will distribute $1 million annually for five years to local nonprofits, focusing on education, environment, social equity, and community advancement. This initiative reinforces Norfolk Southern's commitment to the region despite relocating its headquarters. The funding will be managed by a committee of employees and retirees through the Hampton Roads Community Foundation.

Positive

• Commitment to community support with a $5 million contribution.
• Annual grants of $1 million over five years for local nonprofits.
• Focus on key areas: education, environment, social equity, and community advancement.

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• None.

NORFOLK, Va., May 20, 2021 /PRNewswire/ -- Norfolk Southern (NYSE:NSC) announced today that the company is contributing $5 million to the Hampton Roads community on behalf of the many NS employees and retirees who call Hampton Roads home, and the many more who have lived and raised their families in the area over the years.

"Norfolk has been home to Norfolk Southern for decades," said James A. Squires, chairman, president and chief executive officer of Norfolk Southern. "The Hampton Roads community has helped to shape Norfolk Southern and will remain part of who we are. Even as we relocate our headquarters, we will continue to actively support the prosperity of the Hampton Roads community to express our ongoing gratitude and commitment."

Beginning January 2022, Norfolk Southern will distribute $1 million in grants to nonprofits across Hampton Roads each year for a five-year period. A committee of Norfolk Southern employees and retirees will work together to review and select the proposed grants. The committee will target organizations and initiatives that support education, the environment, social equity, and community advancement. Funding will be administered through the Hampton Roads Community Foundation.

About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies, moving the goods and materials that drive the U.S. economy. Norfolk Southern connects customers to markets and communities to economic opportunity, with safe, reliable, and cost-effective shipping solutions. The company's service area includes 22 states and the District of Columbia, every major container port in the eastern United States, and a majority of the U.S. population and manufacturing base.

http://www.norfolksouthern.com

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SOURCE Norfolk Southern Corporation

FAQ

What is Norfolk Southern's recent contribution to the Hampton Roads community?

Norfolk Southern announced a $5 million contribution to the Hampton Roads community.

How will Norfolk Southern distribute its contributions?

Starting January 2022, Norfolk Southern will distribute $1 million in grants annually for five years.

What areas will benefit from Norfolk Southern's community initiative?

The initiative will focus on education, environment, social equity, and community advancement.

Who will manage the distribution of Norfolk Southern's grants?

A committee of Norfolk Southern employees and retirees will review and select grant proposals.