Philip Morris International to Fund Law Clinics in Expansion of the Organization’s U.S. Veterans Program

Rhea-AI Summary

Philip Morris International (PMI) has committed over $3 million to support U.S. veterans this year, with part of this funding directed towards legal clinics at select law schools. The initiative, informed by PMI's white paper 'Serving Those Who Served,' aims to assist veterans in their transition to civilian life. PMI has awarded an initial $850,000 to these clinics, which will provide veterans access to legal support. This move is part of PMI’s broader veterans support program established in 2022, following its acquisition of Swedish Match. PMI also supports the Bob Woodruff Foundation and other organizations to enhance veterans' lives. In 2022-2023, PMI donated over $1 million to veterans' organizations, including a $500,000 grant to Iraq and Afghanistan Veterans of America. PMI’s efforts reflect its commitment to social responsibility and expanding its U.S. market presence.

Positive

• PMI committed over $3 million to support the veterans community in 2024.
• Initial $850,000 awarded to legal clinics at select law schools for veteran support.
• PMI scaled up its veterans support program since acquiring Swedish Match in 2022.
• In 2022-2023, PMI donated over $1 million to veterans' organizations and active service members.
• PMI provided a $500,000 grant to Iraq and Afghanistan Veterans of America in 2023.
• PMI’s funding will increase legal support for veterans, helping them access benefits they deserve.
• Partnerships with organizations like Bob Woodruff Foundation to enhance veteran support.

Negative

• Significant financial commitment of $3 million may impact PMI's short-term profitability.
• The $850,000 initial award is a substantial investment with uncertain immediate ROI.
• Expansion of veterans support program necessitates ongoing and potentially increasing financial resources.
• High dependence on the acquisition of Swedish Match to bolster U.S. market presence.

New White Paper Provides Recommendations on Closing Gaps That Can Exacerbate the Challenge of Transitioning Back to Civilian Life

STAMFORD, Conn.--(BUSINESS WIRE)-- Philip Morris International (PMI) today announced a renewed commitment of over $3 million to support the veterans community nationwide this year. The strategy is informed by the findings of a newly published white paper, “Serving Those Who Served,” which shares first-person insights from veterans across the country and details PMI’s commitment to empower and positively impact the lives of veterans and their families. Actions include an initial $850,000 awarded by PMI to legal clinics at select law schools as part of a coordinated initiative supporting military veterans in their transition to civilian life, as well as additional funding for local and national organizations improving the lives of veterans. This scaled-up commitment reflects PMI’s intensified focus on the veterans community as the company further establishes itself in the U.S. market, which began with its 2022 acquisition of Swedish Match.

“As a company, we are throwing our weight behind serving the men and women who have raised their hands to serve in our armed forces, some of whom require additional support as they reintegrate into civilian life. This is a cause that resonates strongly among our employees,” said Marian Salzman, Senior Vice President & Chief Corporate Citizenship Officer, PMI. “They are eager to make a difference in the lives of those who have sacrificed in support of our nation, its values, and its allies.”

Salzman added, “PMI’s latest round of contributions is part of a broader veterans support effort that we have been implementing since 2022. We anticipate additional grants as we expand our U.S. footprint, including to local organizations such as Colorado Goldstar Mothers, and will continue to connect directly with veterans and their advocates to explore our best avenues of assistance.”

The U.S. government has established a robust support system for military veterans. Nevertheless, gaps persist—and PMI believes it and other organizations should play a role in helping fill those gaps. Under its expanded veterans support program, PMI is funding clinics at select law schools to offer area veterans access to much-needed legal support, including help navigating the rules and regulations that can make it difficult for veterans to receive the benefits to which they’re entitled. Founding beneficiaries of this initiative in 2024 include planned partnerships with:

• Rocky Mountain Veterans Advocacy Project (Aurora, CO)
• Veterans’ Advocacy Law Clinic, University of Arizona James E. Rogers College of Law (Tucson, AZ)
• Veterans and Servicemembers Legal Clinic, University of Florida Levin College of Law (Gainesville, FL)

“Every dollar we receive helps us reach more veterans and remove legal barriers that hinder the transition from military service to civilian life,” said Kristine Huskey, Clinical Professor of Law and Director of the Veterans’ Advocacy Law Clinic at the University of Arizona College of Law. “Through the law clinic, we’re working to ensure that the men and women who served our nation can overcome legal obstacles and have full access to the benefits they’ve earned, including disability compensation. Support also increases our ability to train more law students—the next generation of lawyers—on veterans issues.”

Building on a five-year partnership, PMI is also amping up its support of the Bob Woodruff Foundation, a leading organization working to ensure U.S. military veterans secure stable and successful futures.

“Philip Morris International has been a long-standing and highly valued partner of the foundation. Their steadfast support has touched the lives of thousands of veterans and their families. This latest commitment will allow us to further scale our efforts as we work to create bright futures for those who have contributed so much,” said Anne Marie Dougherty, CEO, Bob Woodruff Foundation.

In 2022–2023, PMI donated well in excess of $1 million to organizations working on behalf of U.S. veterans and active service members. This support includes a recent collaboration with Iraq and Afghanistan Veterans of America (IAVA) to improve the lives of post-9/11 U.S. veterans. In 2023, PMI provided a $500,000 grant to IAVA, with $100,000 directly supporting IAVA’s initiatives and the remaining $400,000 distributed among several sub-grantees: Active Heroes, American Corporate Partners, Elizabeth Dole Foundation, Forgotten Not Gone, Lady Veterans Connect, and Purple Heart Homes.

Read more about PMI’s veterans-focused efforts and download the “Serving Those Who Served” white paper here.

Philip Morris International, U.S.: Delivering a Smoke-Free Future

Philip Morris International (PMI), U.S. is working to deliver a smoke-free future. Since 2008, PMI has invested $12.5 billion globally to develop, scientifically substantiate, and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. In 2022, PMI acquired Swedish Match—a leader in oral nicotine delivery—creating a global smoke-free champion led by the companies’ IQOS and ZYN brands. The U.S. Food and Drug Administration has authorized versions of PMI’s IQOS Platform 1 devices and consumables and Swedish Match’s General snus as Modified Risk Tobacco Products. For more information, please visit www.pmi.com/us/ and www.pmiscience.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240612900548/en/

Philip Morris International

For media inquiries, contact: Matthew Sheaff at Matthew.Sheaff@pmi.com

Source: Philip Morris International

FAQ

What is Philip Morris International's latest commitment to support U.S. veterans?

Philip Morris International has committed over $3 million to support U.S. veterans this year.

How much has PMI awarded to legal clinics for veterans?

PMI has awarded an initial $850,000 to legal clinics at select law schools.

What is the focus of PMI’s veterans support program?

PMI’s veterans support program focuses on assisting veterans in their transition to civilian life by providing legal support and funding to various organizations.

Which organizations have benefited from PMI's funding in 2022-2023?

Organizations that benefited include the Bob Woodruff Foundation, Iraq and Afghanistan Veterans of America, and other local and national groups.

What major acquisition did PMI make in 2022?

In 2022, PMI acquired Swedish Match to enhance its presence in the U.S. market.

How is PMI's veteran support program expanding?

PMI is expanding its veteran support program by increasing funding for legal clinics and partnerships with organizations enhancing veterans' lives.

How much did PMI donate to veterans' organizations in 2022-2023?

PMI donated over $1 million to veterans' organizations in 2022-2023.

What is the title of PMI’s newly published white paper?

The title of PMI's newly published white paper is 'Serving Those Who Served.'