Community: Global Philanthropy
Global Philanthropy
We support our employees who volunteer, raise money, and give back to the communities in which we operate. We are adding to these efforts through company donation match programs and sponsorship of scores of local and company-wide community engagement events.
In 2011, we have issued new global philanthropy guidelines that are aligned with our core values.
Global Philanthropic Guidelines
- Fostering innovation through investments in education, with emphasis on math/science/engineering;
- Increasing accountability through investments in energy and the environment;
- Creating a sense of teamwork through investments in community development; and
- Driving the highest standards of integrity through investments supporting ethical business practices and conduct.
Corporate giving is primarily focused in areas with the largest number of TE employees, as well as where our financial support can have the greatest impact.
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| FY'08 | FY'09 | FY'10 |
| Corporate Charitable Giving (in USD) | ||
Corporate Charitable Giving
In 2010, corporate giving included nearly $800,000 to match employee contributions through the company’s matching gift program; $250,000 to help fund relief efforts in response to devastating earthquakes in Haiti and in China; and, $200,000 to match employee contributions to the United Way.
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| CY'08 | CY'09 | CY'10 |
| Employee Donations Matched by TE (in USD) | ||
Employee Donations*
Employee donations were comprised of over $850,000 contributed through the company’s matching gift program and $300,000 in pledges to the United Way.
*This is an estimate for calendar year 2010.
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| CY'08 | CY'09 | CY'10 |
| Total Amount of Grants Made by the TE Foundation (in USD) | ||
The TE Foundation
In addition to donations that are made from corporate funds and by individual employees, TE operates the TE Foundation to help guide giving in the U.S. The TE Foundation provides grants in geographic areas of the U.S. where TE has a significant employee population, primarily in support of math and science education, as well as to support employee volunteerism in the community.
During calendar year 2010, the TE Foundation donated a total of $435,000* in the U.S., including more than $300,000 to fund math and science education programs, nearly $30,000 to support employee volunteerism efforts, and $100,000 to match employee contributions to the United Way.
*This is an estimate for calendar year 2010.This is an estimate for calendar year 2010.
Plans for Fiscal Year 2011
With our new global philanthropy guidelines in place, and growing interest across TE to give back to our communities, we are enthusiastic that our launch of the TERA program will be a catalyst for new community engagement activities by TE and our employees.
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