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2014.05.20
Dow Corning Foundation Donor Advised Funds reach $1 million milestone


What began four years ago as a pilot project of the Dow Corning Foundation is today celebrating $1 million in giving in the Great Lakes Bay Region of Michigan.

The Dow Corning Foundation Board of Trustees established the Donor Advised Funds in 2010 dedicating $50,000 to each of the community foundations in Bay, Midland and Saginaw Counties.

The Dow Corning Foundation has since doubled its contribution to the funds held by each community foundation totaling $300,000 annually. These dollars support organizations in the areas of arts, recreation, education and human services.

"The Dow Corning Donor Advised funds have been a tremendous benefit to the community and the community foundations," said Renee Johnston, president & CEO, Saginaw Community Foundation (SCF). "This relationship has given SCF a strong model that is being used as best practice with other potential corporate partners."

The Donor Advised Funds Committee is comprised of Dow Corning and Hemlock Semiconductor employees who work and live in the Great Lakes Bay Region.

"The program was an immediate win-win for the region, the local community foundations, and our employees who provide recommendations regarding which projects should be supported," said Kathryn Curtiss Spence, executive director of the Dow Corning Foundation. "Through this effort, we have established strong relationships with the Bay, Midland and Saginaw Community Foundations. Their expertise has been invaluable in making the initiative a success."

Since 2010, the DAF has contributed $1,050,000 to projects in the Great Lakes Bay Region including:

The Donor Advised Funds model has become a best practice for other Dow Corning sites around the U.S. including: Kendallville, IN; Elizabethtown, KY; and Greensboro, NC. "Expanding this program beyond the Great Lakes Bay Region increases our employees’ awareness of what is important to their community," said Spence.

For information on the Dow Corning Foundation, visit www.dowcorning.com/foundation. To apply to the Dow Corning Donor Advised Funds, contact your local community foundation.

Bay Area Community Foundation

Midland Area Community Foundation

Saginaw Community Foundation

About Dow Corning

Dow Corning (dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company’s Dow Corning® and XIAMETER® brands. Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning’s annual sales are outside the United States. Dow Corning’s global operations adhere to the American Chemistry Council's Responsible Care® initiative, a stringent set of standards designed to advance the safe and secure management of chemical products and processes.

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