CHICAGO, Feb. 17, 2020 /PRNewswire/ -- Boeing [NYSE: BA]
today announced it has dedicated the remaining $50 million of a previously announced $100
million fund to support humanitarian needs in communities affected
by the Lion Air Flight 610 and Ethiopian Airlines Flight 302
accidents. The Boeing Community Investment Fund will work directly
with victims' families to enable them to donate to eligible
charities of their choosing. The company will partner once again
with Ken Feinberg and Camille Biros on the fund's creation, allocation
and distribution. Feinberg and Biros will immediately begin working
with families, governments and other interested parties to identify
eligible charitable organizations. All monies distributed by
Feinberg and Biros will be independent of any resolution provided
through the legal process.
"Following months of extensive discussions with victims'
families, government officials, community leaders and others, we
determined the best path forward – both for those who lost loved
ones and the communities affected by these accidents – is to
empower the families to decide how to allocate these funds," said
Tim Keating, Boeing's executive vice
president of Government Operations, who oversees the company's
charitable activities. "Through this donation, it is our hope the
families will be able to honor their loved ones in a manner that is
both personal and meaningful to them while also creating a lasting
legacy in their communities around the world."
Work also continues on the previously announced $50 million
Boeing Financial Assistance Fund, which is providing near-term
financial assistance to families of the victims.
"When we made our initial $100
million pledge, our first priority was to ensure that we
provided families with immediate financial assistance," said
Keating. "Ken Feinberg and
Camille Biros have made tremendous
progress on that effort. Given their success and the trust they
have built with the families, we have now asked Ken and Camille to
oversee the important work of connecting families with the
charitable organizations they deem most meaningful."
Contact
All questions related to the Boeing Community Investment Fund
should be directed to the Feinberg Law Offices, c/o Amy Weiss, amy@weisspublicaffairs.com, or
202-203-0448.
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SOURCE Boeing