PEORIA, Ill. — Caterpillar has now pledged to help ease the suffering of those innocent civilians living through the horrors of war in Ukraine.
CAT’s philanthropic arm, The Caterpillar Foundation, is donating $1 million dollars to support urgent and longer-term needs in the now war-ravaged European country.
According to a news release issued late Wednesday, the funding will go to the global Red Cross network, Project Hope, and the Center for Disaster Philanthropy.
CAT is also matching donations from all global Caterpillar and dealer employees as well as U.S. retirees through a 2 to 1 match.
The Deerfield, Illionis based manufacturing giant says gifts have surpassed the original match goal and will continue to remain open.
This news comes as we’ve seen U.S. corporations begin to take a range of action to either help the Ukrainian people — or hurt Russia’s economy.
The full announcement from Caterpillar is below:
DEERFIELD, Ill., March 9, 2022 /PRNewswire/ — The Caterpillar Foundation, the philanthropic organization of Caterpillar Inc. (NYSE: CAT), is donating more than $1 million to support both urgent and long-term needs of the Ukraine humanitarian crisis.
This donation supports these organizations: American Red Cross to support the global Red Cross network response to the Ukraine Humanitarian Crisis, Project Hope, and the Center for Disaster Philanthropy. Donations will help support relief efforts such as water, food, clothing, hygiene sets, blankets, fuel for heating, medical supplies and housing support in Ukraine and surrounding countries.
“As the fighting intensifies in Ukraine, so does the dire situation for impacted families,” said Gail McGovern, president and CEO of the American Red Cross. “We cannot thank the Caterpillar Foundation and Caterpillar employees enough for their generous contributions, enabling the global Red Cross network to provide humanitarian relief in response to the Ukraine crisis.”
To amplify the giving, the Caterpillar Foundation is also matching gifts from global Caterpillar and dealer employees as well as U.S. retirees to the global Red Cross network in response to the Ukraine crisis through a 2:1 match. These gifts have surpassed the original match goal and will continue to remain open.
“We are deeply saddened by the tragic events continuing to occur in Ukraine and hope for a peaceful resolution to the crisis,” shares Caterpillar Chairman and CEO Jim Umpleby. “Through the Caterpillar Foundation’s platform, we are responding to the urgent humanitarian needs in Ukraine and its neighboring countries. I am proud of the generosity of our employees to support these critical efforts.”
The Caterpillar Foundation also continues its long-standing support of the Annual Disaster Relief Program with the American Red Cross. This support helps ensure the Red Cross is ready to respond when needed to meet the needs of people affected by disasters and humanitarian emergencies across the U.S. and around the world.
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