Stanley Black & Decker announced a $10+ million comprehensive COVID-19 philanthropic outreach program to help its communities and employees around the world combat the effects of the pandemic.
In alignment with the company’s purpose, “For Those Who Make The World,” the program encompasses:
- $4 million in financial contributions directed by the company to COVID-19 focused nonprofit organizations, in addition to funds already committed to community-based organizations across the globe;
- $5 million for a COVID-19 employee emergency relief fund, administered by an independent organization, to provide financial assistance for employees and their families who have been severely and catastrophically impacted by the pandemic. This fund will be available to all employees who wish to make personal contributions, as well;
- Enhancements to the company matching program, specifically doubling the match amount to supplement any employee’s personal donations to qualified charitable organizations of their choice, including, but not limited to, the new COVID-19 employee emergency relief fund;
- A purchase of 3 million face masks, as well as large quantities of other personal protective equipment, for frontline healthcare workers and first responders to be allocated to healthcare systems and other organizations in need in the communities in which we operate; and
- The formation of a global, companywide COVID-19 Community Response Task Force to allocate the company’s time, talents, innovation capabilities and other expertise to help mitigate societal COVID-19-related challenges, under the leadership of Mark Maybury, the company’s chief technology officer.