Deeply rooted in our corporate values since the company's founding over 100 years ago, ITW is committed to investing in the communities where our colleagues live and work. In 2015 alone, ITW gave more than $21 million to a wide range of nonprofit organizations. Education remains the core area of focus, with additional support for arts, culture and other community organizations.
Giving at ITW
While philanthropy is deeply embedded in our values and leadership support is strong, our community investments are truly driven by our people providing donations, volunteering their time and working together to get involved where they can have the most impact.
ITW’s giving takes a variety of forms, including sponsorships, grants, product donations, team member involvement in nonprofit organizations and community projects, and thought leadership of its executive team on nonprofit and civic boards. True to our decentralized culture, much of this giving is driven by our colleagues. For example, the ITW matching gift program is designed to supplement the support our colleagues give to the causes they are passionate about serving. With thousands of ITW people giving from their hearts, together, we have real impact.
In addition, in the U.S. and Canada, ITW is fully committed to supporting our colleagues' causes and their communities through a dedicated partnership with United Way, a robust 3-for-one matching gift program, scholarships to ITW colleagues’ children and recognition of our team member volunteerism with donations for their service hours. ITW is committed to re-investing approximately 1 percent of annual pre-tax income to our communities.
All across the enterprise, ITW’s businesses also work in their local communities to help develop the next generation of skilled workers because each of our industries faces unique but similar challenges in the training, hiring and retention of a talented workforce. As part of our commitment to education and communities, ITW provides financial support, time and other resources to aid in the development of a skilled workforce, which benefits schools, communities, our customers and suppliers, and ITW’s businesses.
Strong United Way partnership continues
As part of its overall giving program, ITW colleagues around the U.S. and Canada demonstrate strong support for United Way each year, and 2015 was no exception.
In addition, United Way’s structure supports ITW’s decentralized business model, and allows ITW colleagues to contribute to their local areas and support specific initiatives of their choosing. In fact, ITW financial support extended to over 500 local United Ways in the North America network!