Funds will help improve the lives of
individuals in communities across the
United States, Mexico,
Canada and Panama
IRVING,
Texas, Oct. 9, 2023 /PRNewswire/ -- Caterpillar
Inc. (NYSE: CAT) employees and retirees, together with the
Caterpillar Foundation, the philanthropic organization of
Caterpillar, have pledged more than $14.8
million to the United Way chapters across the United States, Mexico, Canada and Panama as part of its 2023-2024 campaign. The
campaign achieved a record-breaking amount—and a $1 million increase—for the second year.
Employees generously donated to the United Way campaign and
recorded over 5,000 volunteer hours through the Caterpillar
Foundation Volunteer Service Match Program during August and
September, which will generate additional matching funds for
charities in Caterpillar communities.
"I want to express my sincere thanks to our employees and
retirees whose incredible generosity is demonstrated by our
campaign increase from $12.8 million
in 2021 to $14.8 million this year,
continuing to create a profound impact in our global communities,"
said Caterpillar Chairman and CEO Jim
Umpleby.
The United Way has been Caterpillar's only annual solicitation
for funds to its employees and retirees for over 70 years. The
Caterpillar Foundation matches employee and retiree donations
dollar for dollar. Over the past two decades, more than
$210 million has been raised during
the annual campaign.
United Way assesses local community needs, finds efficient
programs that deliver measurable outcomes and works to eliminate
those needs in the future by identifying the causes and creating
long-term solutions. "Caterpillar continuously demonstrates the
ability to make a positive difference in so many lives. United Way
Worldwide is grateful for the continued and tremendous support, and
these donations will enable local United Ways to carry out
essential initiatives and reach more individuals in need," said
United Way Worldwide President and CEO Angela Williams.
Caterpillar is part of the United Way's Global Corporate
Leadership Program, which includes 86 corporate partners that raise
more than $800 million annually.
There are more than 1,100 United Way chapters globally, and
Caterpillar's annual campaign supports 542 of these chapters where
the company's employees live and work.
About Caterpillar
With 2022 sales and revenues of
$59.4 billion, Caterpillar Inc. is
the world's leading manufacturer of construction and mining
equipment, off-highway diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. For nearly 100 years,
we've been helping customers build a better, more sustainable world
and are committed and contributing to a reduced-carbon future. Our
innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed.
Caterpillar does business on every continent, principally operating
through three primary segments – Construction Industries, Resource
Industries and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation on
our social media channels at
caterpillar.com/en/news/social-media.html.
About the Caterpillar Foundation
Founded in 1952, Caterpillar's philanthropic organization, the
Caterpillar Foundation, has contributed nearly $900 million to help make sustainable progress
possible around the world by building resilient communities that
thrive in a rapidly changing world. To learn more about the global
impact of the Caterpillar Foundation,
visit caterpillar.com/foundation. To connect with us on social
media, visit caterpillar.com/social-media.
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SOURCE Caterpillar Inc.