Nine Toledo-Area Organizations to Benefit From $1 Million Corporate Gift
18 June 1999
Nine Toledo-Area Organizations to Benefit From $1 Million Corporate Gift
TOLEDO, Ohio--June 17, 1999--Announce Grants to Area Non-Profit Groups
With the acquisition of Aeroquip-Vickers by Eaton Corporation, nine Toledo-area non-profit groups have become the beneficiaries of a $1 million donation from Eaton and Aeroquip-Vickers Foundation. The announcement was made today at Aeroquip-Vickers' offices by Stephen R. Hardis, Eaton's Chairman and Chief Executive Officer and Darryl Allen, former Chairman, President and Chief Executive Officer of Aeroquip-Vickers.
The donations are designed to ensure the continued fiscal health of key institutions that have benefited over the years from Aeroquip-Vickers' tradition of corporate philanthropy. A strong believer in the spirit of community involvement, Eaton Corporation will continue that tradition as it operates the Aeroquip business.
"Eaton has been a leader not only in our core business of manufacturing highly engineered products for industrial, vehicle, construction, commercial and semiconductor markets, but also in taking seriously our commitment to the communities where we do business," explained Hardis. "We feel a responsibility to enhance the quality of life in communities where we operate, and to work with them as partners to improve the quality of life there."
"I'm pleased that Aeroquip-Vickers' legacy of corporate philanthropy will continue under Eaton," said Allen. "We share a common commitment to improving the community through volunteerism and financial support. It has been rewarding to help support the region's non-profit organizations and better the quality of life here, and I'm pleased to carry that tradition on through today's donation and through our merger with Eaton."
Present at today's announcement were representatives from the following organizations:
-- Toledo Museum of Art, which will receive $300,000 to refurbish
the Museum's Family Center and to create an endowment for ongoing
operations.
-- Toledo Symphony, which will receive $250,000 for the endowment
fund, earmarked for continuing support of children's music
programs.
-- Toledo Zoo, which will receive $200,000 for the Zoo's 2005
campaign and to help fund a new polar bear exhibit.
-- Toledo Opera, which will receive $100,000 to support performances
for area school children.
-- Center of Science and Industry (COSI), which will receive $75,000
to maintain and upgrade COSI Toledo's motion base simulators,
which are interactive exhibits.
-- Hospice of Northwest Ohio, which will receive $25,000 to fund
ongoing operations at Hospice, an organization that provides
services to children and adults with terminal illnesses.
-- Ohio Foundation of Independent Colleges, which will receive
$25,000 for general operations at the OFIC, a consortium of
35 Ohio independent colleges.
-- Toledo Ballet, which will receive $15,000 to fund ongoing
operations at one of the major performing arts organizations in
the area.
-- Harbor House, which will receive $10,000 for ongoing operations.
The House is a transitional center for women recovering from
chemical dependencies.
Eaton is a global manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial, aerospace and semiconductor markets. Principal products include hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, ion implanters and a wide variety of controls. Headquartered in Cleveland, the company has 65,000 employees and 215 manufacturing sites in 25 countries around the world. Eaton's sales for 1998 were $6.6 billion. On April 9, 1999, Eaton acquired Aeroquip-Vickers, Inc., which had sales of $2.1 billion in 1998. The Internet address for Eaton is: http://www.eaton.com/