Lexmark's commitment to its communities manifests itself through employee volunteerism, product donations, and financial support to worthy organizations. The corporate giving program, which is managed by Lexmark's corporate citizenship team, focuses on employee volunteerism and educational excellence, specifically in the areas of science, technology, engineering and math, diversity, and the arts. As part of its 20th anniversary celebration, Lexmark made additional educational contributions. These were specifically focused on science, technology, engineering and mathematics, all foundational studies that technology and engineering based companies like Lexmark are built upon.
Lexmark applies the same standards of excellence that it uses in its business practices, to its contribution and community support activities.
|2011 Charitable Giving|
U.S. employee pledges of cash and in-kind gifts makes Lexmark the largest supporter of United Way of the Bluegrass for 20 years.
|$1,000,000||University of Colorado Boulder||$250,000|
|University of KY Gift
STEM Initiative Pledge of 1 million dollars
|Cebu School Lab Equipment||$100,000|
|Fayette County Public Schools Science Labs||$300,000||Other cash and equipment donations||$700,000|
As outlined in the Lexmark Vision and Values, we strive to be good corporate citizens in the communities where our employees live and work. Our commitment to local, national and global communities is evident in our contributions of financial, equipment and volunteer support to organizations working to help meet the challenges and needs of modern society.
We apply the same standards of excellence to our contribution and community support activities that we use in our business operations.
Our Corporate Giving Program in the U.S. focuses on employee volunteerism and educational excellence, specifically in the areas of science, technology, engineering and math (STEM). Lexmark contributes to schools and non-profit organizations that have tax-exempt status under Section 501(c)(3) of the U.S. Internal Revenue Code.
Lexmark did not make any charitable contributions that exceeded the greater of $1 million or two percent of a charitable organization’s consolidated gross revenues, to any charitable organization for which a member of the Board served as an executive officer. The Board’s conformance with this guidance prevents potential conflict of interest issues regarding our charitable giving practices.
Lexmark’s 2011 United Way campaign marked a major milestone for our Company and the community. Not only did we reach our $1 million goal, but we achieved a grand total of $20 million donated to United Way since the Company’s inception 20 years ago. Lexmark finds unique ways to raise money for the United Way including disc golf, ping-pong and softball tournaments as well as the annual auction of our employees’ art.
We have created the INSPIRE Award to recognize middle and high school teachers across central Kentucky for their outstanding contributions to Science, Technology, Engineering and Mathematics (STEM) education. Lexmark’s corporate giving continues to be focused around the improvement of STEM education. Lexmark has committed to donating $1 million to renovate a teacher education facility in Lexington and $250,000 to the University of Colorado College of Engineering for scholarships. Additionally, $100,000 will be given in Cebu, Philippines to renovate and equip a math and science magnet school.
In times of tragedy, including weather disasters, Lexmark supports relief efforts, especially in those areas where we have facilities. Lexmark employees are encouraged to make personal contributions to the International Red Cross and Red Cross Crescent Societies or the Red Cross International Response Fund. The Company often matches these contributions.
For example, in the wake of the earthquake in Japan, Lexmark donated $25,000 to the International Red Cross to help provide relief to the communities affected by this disaster. The Company also offered up to $25,000 in additional funds to match individual employee contributions to the International Red Cross.
For the second year in a row, Lexmark and Office Depot teamed to support Operation Homefront. The special program provides military families with technology to help them stay in touch with their loved ones serving in the armed forces by donating new Lexmark printers to the nonprofit organization. Office Depot and Lexmark hope to donate more than 4,000 Lexmark X2670 printers.
Lexmark is committed to transparency in its political dealings and relationships. To view Lexmark's policy on political contributions, click here.
Lexmark is committed to complying with local laws related to the disclosure of political dealings such as those that require reporting of political contributions be appropriate state or federal political / ethics authorities and publication on their respective Web sites. No financial or in-kind political contributions have been made in the U.S. or non-U.S. countries where we do business or at the national level in the U.S.
|Country of major operation*||2011 Total monetary value of contributions|
|United States (HQ)||$0|
Lexmark employs the services of a remunerated attorney advocate from time to time. This advocate is remunerated for providing Lexmark with guidance on proposed and enacted legislation, and communicates Lexmark's positions on legislation to interested parties.
*No reporting required for the countries of Europe, the Middle East, Africa, Australia and New Zealand as no major Lexmark operations (R&D, manufacturing or HQ) are located in these geographies.