Eaton retains its enduring conviction that we have a responsibility to the communities where we live and do business.
Eaton’s charitable contributions, which are based on a rolling average of our annual profits, declined by 14.8 percent to $6.8 million in 2009. This included $673,600 in corporate matches through our retiree and employee matching gift program. Eaton employees donated $3.5 million to 84 local United Way campaigns during the year. We added $1.9 million in corporate matches, for a total United Way contribution of $5.4 million.
The remainder of our charitable contributions budget supports the organizations that our local employees choose, based on the needs of their own communities. Read the 2009 Report of Contributions (link below) for additional details on grant recipients.
2009 Report of Contributions
Charitable Contributions Guidelines