MOLINE, Ill., March 31, 2021 /PRNewswire/ -- The John Deere
Foundation announced today it will invest $200 million over the next 10 years in
initiatives that will bring to life John Deere's higher purpose: We
run so life can leap forward.
The financial commitment builds significantly on the
Foundation's legacy of philanthropy. Since its founding in 1948,
the Foundation has awarded over $340
million in grants.
As part of its 10-year commitment, the Foundation will
invest:
- $100 million in the families and
youth who live, work, and learn in John Deere's home communities to
ensure their inclusive and equitable access to resources and
educational opportunities critical for human dignity and
self-sufficiency. Annual investments of two
million dollars in food banks will provide the equivalent of
100 million meals over the next decade, and investments in youth
education will reach at least one million underserved and
underrepresented youth.
- $50 million in farmers throughout
the world to bolster their capacity to make a living, feed a
growing global population, reduce inequality, and protect the world
around us. Through its work with a range of global partners that
serve smallholder and resource-constrained family farmers, the
Foundation will help 15 million farmers unlock their enormous
potential.
- $50 million in John Deere's
extraordinary workforce—its greatest asset—to further mobilize and
build on their enormous volunteer talents and generosity to
strengthen their communities and improve lives around the
world.
"The urgency of running today with the vision of a better
tomorrow is John Deere at our core," said John May, Chairman and CEO of Deere &
Company and Chairman of the John Deere Foundation. "The
Foundation's financial commitment holds true to this purpose by
investing deeply in the people we serve to overcome the challenges
they face today and create for themselves paths to a more
prosperous tomorrow."
The Foundation's 10-year commitment aligns to the United Nations
Sustainable Development Goals, and the Foundation will track and
report investments against relevant targets and indicators, said
Nate Clark, President of the John
Deere Foundation.
In the coming months, the Foundation will announce several key
grants that will illustrate how this commitment is being put into
action, Clark said.
About John Deere
Deere & Company
(www.JohnDeere.com) is a world leader in providing advanced
products, technology, and services for customers whose work is
revolutionizing agriculture and construction — those who cultivate,
harvest, transform, enrich, and build upon the land to meet the
world's increasing need for food, fuel, shelter, and
infrastructure.
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SOURCE Deere & Company