Boeing Commits US$2 Million to Support Humanitarian Response in Ukraine
March 4, 2022 | BoeingEstimated reading time: 2 minutes
Boeing announced a US$2 million emergency assistance package to support humanitarian response efforts in Ukraine. The assistance package will be directed to organizations working to bring food, water, clothing, medicine and shelter to displaced Ukrainians – including those seeking refuge in neighboring countries. In addition, Boeing will match all qualifying employee contributions made in support of Ukrainian humanitarian relief through the company's charitable matching program.
"The conflict unfolding in Ukraine is leading to a significant humanitarian emergency, and Boeing will take action to support the Ukrainian people," said Dave Calhoun, Boeing president and CEO. "Our thoughts are with all those who have been thrust into the midst of this crisis. While we work to ensure the safety of Boeing employees in the region, our hope is that this assistance package will help deliver some much-needed support to those who are displaced and suffering."
Funding from the Boeing Charitable Trust will support the following organizations:
- $1,000,000 to CARE to assist with food, water and hygiene kit distribution as well as monetary assistance and psychosocial support for affected Ukrainians, with a focus on women, children and the elderly.
- $500,000 to American Red Cross to support the global Red Cross movement providing critical humanitarian relief to people affected by the Ukraine crisis.
- $250,000 to Americares to help with the distribution of medicine and medical supplies as well as support critical medical care for families displaced by the crisis, including mental health services.
- $250,000 to organizations working to support vulnerable, displaced populations in Ukraine and neighboring countries.
"The humanitarian situation in Ukraine is worsening by the hour. In the last week, more than 500,000 people have fled Ukraine for neighboring countries. This number is expected to rise to more than one million in the next few days," said Michelle Nunn, president and CEO at CARE USA. "The support from Boeing is so timely and impactful. It will help us provide durable food, hygiene items, diapers, sleeping bags, mats, and other critical necessities to alleviate suffering."
"Thanks to Boeing's generous support, the global Red Cross network is helping families impacted by continued fighting in Ukraine," said Anne McKeough, chief development officer at the American Red Cross. "We are grateful for partners like Boeing as we work together to provide critical humanitarian relief in response to the Ukraine crisis."
"We are so grateful for Boeing's incredible support as we work to protect the health of families fleeing from the devastating crisis in Ukraine," said Kate Dischino, vice president of emergency programs at Americares. "This donation will directly support Americares response efforts and help our emergency response team on the ground restore access to care for those who need it most."
The health and well-being of Boeing employees and their families around the world remain a top priority for the company. Boeing and partner teams are checking on affected employees while continuing to coordinate with government agencies, customers and suppliers to assess human and business impacts in the region.
Humanitarian relief efforts align with the company's ongoing commitment to the communities where our Boeing employees live and work. Boeing is active and engaged in Europe, contributing a combined US$11 million (€9.9 million) in charitable contributions across the continent over the last five years. In 2021, Boeing donated US$13 million to disaster relief and humanitarian efforts globally.
Suggested Items
Punching Out: Breaking Out of the Valuation Box
05/09/2024 | Tom Kastner -- Column: Punching Out!Most companies are in a “valuation box.” That is, the value of the company, based on a market multiple, is not equal to the value of the assets. Or worse, once debt is paid off, the net proceeds would actually be negative. Here are some tips for getting out of the box.
Incap Releases Unaudited Business Review for January–March 2024
05/08/2024 | IncapRevenue for the first quarter 2024 amounted to EUR 51.4 million (1–3/2023: EUR 72.2 million). Year-on-year the revenue decreased 29.3%, as expected.
Schweizer Electronic: Business Development in Q1 2024
05/08/2024 | Schweizer Electronic AGThe sales of the SCHWEIZER Group amounted to EUR 39.2 million in the first quarter of 2024 (Q1 2023: EUR 37.1 million). This corresponds to an increase of +5.5 percent compared to the same quarter of the previous year.
Key Tronic Announces Results for Q3 of Fiscal Year 2024
05/08/2024 | Globe NewswireFor the third quarter of fiscal year 2024, Key Tronic reported total revenue of $140.5 million, compared to $164.6 million in the same period of fiscal year 2023.
Fabrinet Announces Q3 Fiscal Year 2024 Financial Results
05/07/2024 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 29, 2024.