Kennametal Supports a Good Cause
Charitable corporate giving can make a difference in the local community as well as the world at large. Here’s an example of one company that’s committed to giving back.
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Since 1998, Kennametal team members have helped to donate more than $9 million to the United Way and its partner agencies.
An individual can undoubtedly do a lot of good, but corporate giving allows people to come together and achieve more than they could on their own. I recently learned that Kennametal Inc. has raised $850,000 in support of the United Way and its agencies during the company’s 2016 North American campaign. Almost 960 of the company’s team members pledged $470,000 to the campaign through annual contributions that will go directly back to their local communities, and it raised an additional $239,000 through a variety of events, most notably its annual Strategic Supplier Golf Outing. The Kennametal Foundation contributed almost $91,000, of which $3,400 was a direct match for team member contributions in honor of late friend and neighbor, Arnold Palmer. An additional donation of $50,000 from a matching grant provider brought the final total to $850,000.
“Giving back to our communities has always been a proud part of Kennametal's history,” says Kennametal President and CEO Ron De Feo. “This year’s response from team members has been heartfelt, exceeding last year’s campaign efforts by 23 percent. Because of their generosity, we’ll be able to help thousands of struggling families, individuals and children in our communities.”
To learn more about the company and its products, read this article from Production Machining.
