PHILANTHROPY

The Lincoln Electric Foundation: The Lincoln Electric Foundation (the “Foundation”) has been an active partner in our communities since 1952, dedicated to improving the quality and well- being of the communities where our employees live and work. Since its founding, the Foundation has donated over $35 million in grants and scholarships that support programs that work to alleviate poverty and illness, promote education, provide health and human services, and bring cultural vibrancy to our communities.

The Foundation partners with over 70 nonprofit organizations annually to support programming that we believe makes a sustainable impact. Organizations include the American Red Cross, United Way, and the American Cancer Society.

In 2021, the Foundation issued approximately $1.4 million in grants and initiated over $900,000 in pledges to support diversity and inclusion in welding with the Women Who Weld organization, and to support the growth of manufacturing in Northeast Ohio through The Manufacturing Advocacy and Growth Network’s (MAGNET) Blueprint initiative. In early 2022, the Foundation expanded its giving to include a $500,000 pledge to the Greater Cleveland Food Bank to help expand their facilities and programming to better address hunger in our communities.

Employee Engagement Initiatives: Employees worldwide sponsor local events and partner with nonprofit organizations in support of local community initiatives. We support these activities through corporate giving.

Employee Gift Matching Program: The Lincoln Electric Employee Gift Matching Program supports U.S. employees with the opportunity to double their donation to the nonprofits of their choice. Employees’ gifts are matched dollar-for-dollar, up to $1,000 annually.

Volunteer Dollars For Doers Program: The Dollars For Doers program helps turn U.S. employee volunteer service hours into a matching monetary gift to the nonprofit organization where the employee volunteered.

Disaster Relief: We partner with customers and local nonprofits to support disaster relief efforts. In 2022, we supported several Polish and Romanian nonprofit organizations that have been providing Ukrainian refugees with essential services. In addition, many of our Polish and Romanian employees have been volunteering their time and offering their homes to support the refugee crisis.

In-Kind Gifts: We provide product donations (in- kind gifts) to nonprofit organizations to support programs such as the Scouts BSA welding merit badge, as well as skilled trade programs and fundraising events.

In 2021, we provided approximately $800,000 of in-kind donations domestically, in addition to donations granted through the James F. Lincoln Foundation and product programs that support educational institutions.

Nonprofit Board Engagement: We encourage executive engagement on nonprofit boards to support the mission of our local partners and help make a positive difference in our communities.