Caterpillar Foundation Commits $8.5 Million to Global COVID-19 Response Efforts
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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Source: PR Newswire
DEERFIELD, Ill., March 30, 2020 /PRNewswire/ -- As the events surrounding the COVID-19 pandemic continue to evolve rapidly, the Caterpillar Foundation, the philanthropic arm of Caterpillar Inc. (NYSE: CAT), announced it is committing $8.5 million to support global communities, including underserved populations, who are affected by the virus. The Foundation's investment will support nonprofit organizations who are working to help prevent, detect and respond to the pandemic; providing resources to hospitals, medical staff and patients; addressing food insecurity; and enabling online STEM and coding education for youth impacted by school closures. "These investments are an important expression of our company's values," said Jim Umpleby, Caterpillar Chairman and Chief Executive Officer. "As we all work together to fight the pandemic, the Foundation's resources will provide essential support in communities around the world."The Caterpillar Foundation is also expanding its existing U.S. Mat
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