STOCK TITAN

Polaris Donates $110,000 to Local Off-Road and Snow Riding Clubs with T.R.A.I.L.S. Grants

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Polaris Inc. (NYSE: PII) announced a $110,000 donation through its T.R.A.I.L.S. Grant Program to support 11 off-road and snowmobile organizations in the U.S. This grant aims to enhance trail development and promote safe riding practices. In 2022, Polaris has contributed nearly $230,000, accumulating over $3 million since the program's inception in 2006. The awarded organizations will utilize funds for trail preservation and educational initiatives, critical for maintaining enjoyable outdoor experiences.

Positive
  • Total donations in 2022 reach nearly $230,000.
  • Support for 11 off-road and snowmobile non-profits enhances community engagement.
  • Long-term commitment, with over $3 million donated since 2006.
Negative
  • None.

Combined with its 2022 Spring grant recipients, Polaris has donated nearly $230,000 this year and more than $3 million since the program began

MINNEAPOLIS--(BUSINESS WIRE)-- Today, Polaris Inc. (NYSE: PII), announced a $110,000 donation to off-road (ORV), utility-terrain (UTV), all-terrain vehicles (ATV) and snowmobile organizations across the United States through its T.R.A.I.L.S. Grant Program. Awarded twice a year, the Fall 2022 grants were awarded to 11 off-road and snowmobile nonprofit organizations to support the development, improvement, and expansion of trails, and help to educate riders on safe and responsible riding practices.

Today, Polaris Inc., announced a <money>$110,000</money> donation to off-road (ORV), utility-terrain (UTV), all-terrain vehicles (ATV) and snowmobile organizations across the United States through its T.R.A.I.L.S. Grant Program. Awarded twice a year, the Fall 2022 grants were awarded to 11 off-road and snowmobile nonprofit organizations to support the development, improvement, and expansion of trails, and help to educate riders on safe and responsible riding practices. Since it was founded in 2006, the program has supported more than 346 off-road and ATV organizations with more than <money>$3 million</money> in grants. (Photo: Business Wire)

Today, Polaris Inc., announced a $110,000 donation to off-road (ORV), utility-terrain (UTV), all-terrain vehicles (ATV) and snowmobile organizations across the United States through its T.R.A.I.L.S. Grant Program. Awarded twice a year, the Fall 2022 grants were awarded to 11 off-road and snowmobile nonprofit organizations to support the development, improvement, and expansion of trails, and help to educate riders on safe and responsible riding practices. Since it was founded in 2006, the program has supported more than 346 off-road and ATV organizations with more than $3 million in grants. (Photo: Business Wire)

“Giving back to local riding clubs through our T.R.A.I.L.S. Grants is one way Polaris helps maintain and create safe and enjoyable riding experiences for all,” said Steve Menneto, president of Polaris Off Road. “These eleven clubs are critical to helping riders enjoy the outdoors and we are proud to recognize and support their efforts for the off-road and snowmobile communities.”

The 11 organizations were awarded with a $10,000 Polaris T.R.A.I.L.S. Grant. The Fall 2022 T.R.A.I.L.S Grant recipients are:

  • Kingfield Quad Runners ATV Club (Kingfield, Maine)
  • Shin Pond Trail Riders (Mt. Chase, Maine)
  • Northern Timber Cruisers (Millinocket, Maine)
  • Robbinston Bushwackers ATV Club (Robbinston, Maine)
  • St. Helen Snowpackers Snowmobile & ORV Club (Saint Helen, Mich.)
  • Snowbirds Snowmobile Club (Emily, Minn.)
  • The Children’s Center Inc. (Bethany, Okla.)
  • PEI ATV Federation (Summerside, PEI, Can.)
  • Fulda Snowsliders Inc (Humboldt, SK, Can.)
  • Wenatchee Valley TREAD (Wenatchee, Wash.)
  • Barnstormers of Sayner Inc. (Sayner, Wis.)

“The Kingfield Quad Runners ATV Club is super excited to be the recipient of the 2022 Fall TRAILS Grant from Polaris. This grant will give our club the ability to upgrade a trail that allows riders to connect with trails in the Moosehead Lake Region as well as the Madison Branch Railbed trail recently purchased by the Maine Department of Agriculture, Forestry and Conservation,” said Karyn Varney, club secretary. “Upgrading the trail will give riders in our area the opportunity to explore new areas and trails. It will also allow our club to welcome riders from other areas to come ride on our trails and visit our town and patronize our business members.”

Earlier this year, Polaris has awarded 13 grants in its Spring round of grants and 11 this Fall, donating a total of nearly $230,000 in 2022. Since it was founded in 2006, the program has supported more than 346 off-road and ATV organizations with more than $3 million in grants. The T.R.A.I.L.S. Grant Program focuses on two main objectives: promoting safe and responsible riding and supporting trail preservation and access. Organizations may use funds from the grant to increase and maintain land access through trail development, maintenance projects, safety and education initiatives and other projects.

“Tread Lightly! completes our trail restoration work in many areas through both federal and state funding. In some areas, that funding is currently in place. When we received a request for a project on the Kentuck Trail System in the Talladega National Forrest, this was one of the occasions where the funding to complete the project did not exist,” said Matt Caldwell, executive director Tread Lightly! and Spring 2022 T.R.A.I.L.S. Grant recipient. “We were, however, able to submit an application for support from Polaris through the Polaris T.R.A.I.L.S. Program. With the award of the funding, all the trail restoration and signage work was completed this summer. Without this support from Polaris, it’s likely that the project may not have been completed or at least delayed, while other funding was secured. We are grateful for the support from Polaris that made this and so many other projects possible.”

For more information on the T.R.A.I.L.S. Grant Program and to apply for a grant, follow this link to the Polaris website: https://www.polaris.com/en-us/trails-application/.

About Polaris

As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris’ high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; Sportsman® all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle® mid-size and heavyweight motorcycles; Slingshot® moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com.

Erika (Frederick) Burke

Polaris

(763) 417-8673

Erika.frederick@polaris.com

Source: Polaris Inc.

FAQ

What was the amount of Polaris' donation in Fall 2022?

Polaris donated $110,000 in the Fall 2022 through its T.R.A.I.L.S. Grant Program.

How much has Polaris donated since the T.R.A.I.L.S. Grant Program started?

Since its inception in 2006, Polaris has donated more than $3 million through the T.R.A.I.L.S. Grant Program.

How many organizations received grants from Polaris in 2022?

In 2022, Polaris awarded grants to a total of 24 organizations, including 13 in the Spring and 11 in the Fall.

What is the purpose of the T.R.A.I.L.S. Grant Program?

The T.R.A.I.L.S. Grant Program aims to support trail development, enhance riding safety, and promote responsible riding practices.

Where is Polaris Inc. headquartered?

Polaris Inc. is headquartered in Minnesota.

Polaris Inc.

NYSE:PII

PII Rankings

PII Latest News

PII Stock Data

4.05B
52.34M
6.03%
83.73%
6.4%
Recreational Vehicles
Miscellaneous Transportation Equipment
Link
United States of America
MEDINA