NIKE. donates $100,000 to the Community Foundation of Greater Memphis
September 20, 2005
Memphis, TN (20 September, 2005) – NIKE, Inc. today announced at its annual meeting of shareholders a $100,000 donation to the Community Foundation of Greater Memphis to aid in support of Memphis area Hurricane Katrina relief efforts. In addition to the cash donation, the company has donated $1.2 million of Nike product to Memphis charities providing victims assistance such as the Salvation Army, Catholic Charities, MIFA (Metropolitan Interfaith Association) and the Memphis City Schools (working with Shelby and DeSoto county schools).
”When the Katrina disaster unfolded, Nike immediately responded to the national effort,” said Gary DeStefano, President of Nike USA operations. “Nike Tennessee is an integral part of our U.S. business operations and we felt very strongly that we must react both on a national and local level. With Memphis as home to some 1,400 Nike employees, and an increasing number of evacuees from the Gulf Coast region, we remain committed to supporting Memphis area Hurricane Katrina relief and recovery efforts.”
In addition to the specific cash and product donations made to the Memphis area, Nike Tennessee is playing a critical role in the company’s overall efforts to support victims of Katrina. To date, Nike employees have shipped more than $4.7 million in products to Gifts-in-Kind and other organizations for evacuees of the hurricane, most of it coming through Nike’s Memphis distribution center. The product donations include $500,000 in sports equipment such as soccer balls, footballs, baseballs and gloves, as well as shorts and shirts to the Bush-Clinton Katrina Relief Fund.
All Nike employees working in the region effected by Katrina have been accounted for and the company is working to support them in their recovery and rebuilding efforts. Nike’s support includes extending the company’s employee assistance program to affected employees’ extended family members. The program includes immediate and long-term crisis assistance, counseling, legal resources and financial advice.
Nike will continue to match employees who donate their time to those organizations active in relief efforts by contributing $10 per hour for each volunteer hour given, up to $5,000 per employee annually, with a minimum of 25 hours per community based organization. Volunteer opportunities are being communicated to employees as they are available.
In fiscal year 2005, Nike Tennessee employees and the company donated over $1.1 million to local charitable organizations, including cash, product, in-kind services and volunteer hours.
National Efforts To support Katrina relief efforts, on August 31, Nike made an immediate cash donation of $500,000 to the American Red Cross. The company also is encouraging visitors at its Nike.com and Nikebiz.com Web sites to donate to the American Red Cross. All 106 Nike U.S. retail locations, with the exception of Gulfport, are accepting customer donations to the Red Cross Disaster Relief Fund. As of September 12, Nike customers have given more than $67,000.
Nike will continue to provide updates related to Katrina relief efforts. In addition, the company’s FY05 global community investment results are now available on www.nikeresponsibility.com.
NIKE, Inc. based in Beaverton, Oregon is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned Nike subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Bauer NIKE Hockey Inc., a leading designer and distributor of hockey equipment; Cole Haan(R), which designs, markets, and distributes fine dress and casual shoes and accessories; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel.