Our Approach to Community Impact
True to our decentralized culture, more than 80 percent of our giving is intentionally driven by the passion of our colleagues in North America who invest in their local communities with gifts of talent, time and money. Last year, the ITW Foundation provided $20.1 million through the ITW Hearts Giving Hope programs, which gives ITW the opportunity to directly amplify our colleagues’ giving and volunteer efforts.
Beyond the support driven by employee giving, the ITW Foundation has a portfolio focused on education and community investments that include arts and culture, and civic partnerships in the Chicago region, where we are headquartered, in an effort to build and sustain a vibrant community. In 2017, the ITW Foundation directed $7.1 million toward these organizations.
Our Partnership with United Way
United Way has been a core part of ITW’s community involvement strategy for more than 60 years. Each year, we engage thousands of ITW colleagues across our U.S. and Canadian businesses, with 75 percent of North American-based colleagues contributing to United Way in 2017, and nearly $9 million invested into the communities where ITW has a presence and our colleagues call home.
Around the globe, our businesses also demonstrate support for their communities through United Way. In India, our colleagues partnered with United Way Mumbai to support the educational needs of 70 girls ages 6 to 20 from SOS Children’s Village India. Through this unique project, the children not only get access to quality education while living in a family care environment, but their holistic development is also given due emphasis. Key components of the project include formal schooling, IT skills training, extra-curricular activities, career counseling, resilience building and social development.
Giving at ITW
Each year, ITW targets 1 percent of earnings into community outreach efforts. We do it through a variety of ways, including sponsorships, grants and product donations. ITW has invested $25.8 million on average per year into the community over the last five years. In 2017, total community investment spending reflected approximately 1 percent of our company’s pre-tax profits.