Belk contributes $20.9mn to charitable causes in FY14

15 Apr '14

3 min read

Belk, Inc. has announced that the company, and its associates, customers and vendors contributed more than $20.9 million to local communities in the fiscal year ending February 1, 2014.

Of the total amount, Belk corporate dollars funded $7.3 million to more than 250 nonprofit organizations, with a focus on education, breast cancer research and awareness, and community strengthening.

The remainder of the funding includes associate, vendor and customer dollars raised in Belk-led charitable initiatives, including Belk Charity Sale.

Key gifts in fiscal year 2014 included:

• More than $10 million to more than 8,000 local charities through Belk's semi-annual Charity Sale.

• More than $1.5M, including corporate and associate dollars, to local United Way chapters across Belk's 16-state footprint.

• $600,000 to Susan G. Komen, which includes corporate, associate and customer dollars to fund breast cancer research and awareness efforts across the Belk footprint.

• More than $500,000, including customer and associate contributions, to the American Heart Association.

Key additional gifts from Belk, Inc. included:

• $5 million five-year commitment to the University of North Carolina at Charlotte's Belk College of Business to fund an Endowed Professorship in Business Innovation, an Endowed Chair in Marketing Analytics, a Belk scholars program, and faculty research and teaching grants.

• $1.3 million, through the Foundation of the Carolinas, to fund the Belk Gives On The Go Mobile Mammography Center (belk.com/pink). This contribution was the second payment of a multi-year $6 million commitment.

• $1 million to Points of Light to fund Belk's 125 Days of Service. This contribution was the final payment of a two-year, $2 million commitment.

• $750,000 to the Belk Foundation to assist in its efforts to ensure all students receive a quality public education.

• $465,000 to the International Society for Technology in Education, to fund the Belk Service Learning Challenge (belkservicelearningchallenge.com). This contribution was the second payment of a three-year, $1.5 million commitment.

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