LAS VEGAS, Aug. 12, 2020 /PRNewswire/ -- MGM Resorts
International Founder, Kirk
Kerkorian's estate announced a donation of an additional
$2 million to The MGM Resorts
Foundation to support MGM employees impacted economically by the
coronavirus (COVID-19) pandemic.
"As the founder of MGM Resorts International, Mr. Kerkorian
attributed much of his success to the employees at MGM," said a
representative from his estate. "We know that he would have wanted
them to know how much he cared for them and their families and
would do what he could to help those affected by the devastating
impact of this pandemic."
The donation will go toward The MGM Resorts Foundation's
Employee Emergency Grant Fund, which is designed to help qualified
MGM employees and their immediate families with short-term
assistance and relief during unexpected hardships and emergencies.
The Grant Fund may also provide disaster relief assistance to
furloughed or laid-off employees whose compensation is suspended or
employment terminated as a result of an extraordinary event (or
events) that severely impacts a community in which MGM Resorts
conducts business, such as the COVID-19 public health crisis.
Examples of relief payments include rent or mortgage assistance,
utility bills, medical and funeral expenses.
"We are so grateful to Mr. Kerkorian's estate for their generous
contribution, which will greatly help our employees and their
families during this unprecedented time," said Bill Hornbuckle, CEO and President of MGM
Resorts International. "Since the pandemic started The MGM Resorts
Foundation, through the Employee Emergency Grant Fund, has provided
over $11 million dollars in emergency
grant payments to support employees and their immediate families
impacted by the crisis. This additional funding will enable the
Foundation to continue to help many more employees in the coming
weeks."
To learn more about The MGM Resorts Foundation, visit
www.mgmresortsfoundation.org.
About The MGM Resorts Foundation
The purpose of The
MGM Resorts Foundation is to collect and distribute monies and
assets donated by employees of MGM Resorts International (NYSE:
MGM) for the aid and support of qualified community nonprofit
programs, agencies or organizations designated exclusively by MGM
Resorts' employees. The Foundation also collects and distributes
donations made by a broad base of donors to support activities
organized by MGM Resorts employees and approved by the Foundation's
board of directors to benefit qualified nonprofit charitable
organizations. The Foundation's Employee Emergency Grant
& Children's Medical Support Fund was organized specifically to
enable MGM Resorts employees to provide emergency, hardship, and
disaster support to fellow employees and their families. In
addition, since 2012, the Foundation has been the presenting
sponsor of the Women's Leadership Conference, the major women's
conference in the Western region.
Media Contact
Samantha
Cummis
MGM Resorts International
Scummis@mgmresorts.com
973-800-4119
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SOURCE The MGM Resorts Foundation