Corporate Philanthropy & The Lincoln Electric Foundation
The Lincoln Electric Foundation: The Lincoln Electric 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 more than $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.
In 2023, the Foundation issued approximately $1.5 million in grants. More than 70% of the grants were issued to support programming for economically challenged and underserved citizens.
In-Kind Gifts: We provide product donations to nonprofit organizations to support fundraising events, disaster relief efforts, and weld training programs such as the Scouts BSA welding merit badge and skilled trade programs. In 2023, we provided approximately $650,000 of in-kind donations domestically, in addition to donations made through the James F. Lincoln Foundation, product programs that support educational institutions, and various international facility donations.
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.
- 26% Human Service
- 18% Education
- 18% Community Development & Youth Programing
- 16% Medical Service
- 8% Empolyee Match & Disaster Relief
- 14% Art & Culture
Lincoln Electric Volunteers
Lincoln Electric partnered once again with the American Red Cross and Euclid Ohio Fire Department to participate in the Sound the Alarm, Save a Life campaign—a series of home fire safety and smoke alarm installation events across the country. Our volunteers were educated on the basics of fire safety and the importance of smoke alarms for saving lives. Volunteers walked through the Euclid community to knock on doors, install smoke alarms (free of cost to residents), and educate residents on the basics of fire safety. In all, 269 smoke alarms were installed into 92 residences that day.
Lincoln Electric sponsored a group of employees in Zargoza who took part in En Marcha Contra el Cáncer (the March Against Cancer), an annual event organized by the Asociación Española Contra el Cáncer (Spanish Association Against Cancer) to raise awareness of the disease and raise funds for research to fight it. The march of five kilometers had over 2,200 participants.
Lincoln Electric returned as the presenting sponsor for the 11th annual Cleveland Ohio Hearing and Speech Center Big Wheel Relay race. The Cleveland Hearing and Speech Center is the nation's longest running nonprofit dedicated solely to serving those with special communication needs. In this fun event, teams compete to raise money and race adult-sized big wheel tricycles for prizes and bragging rights. All of the funds raised are used to advance the Cleveland Hearing and Speech Center's mission of providing speech-language, hearing, language interpreting, and deaf services.