The VF Foundation Issues Its Second Impact Report Detailing Funding Across 73 Countries During Global Pandemic
April 13 2022 - 6:55AM
Business Wire
More than $8 million granted directly through
The VF Foundation
A total of more than $24 million donated by The
VF Foundation, VF Corporation and the Company’s Family of
Brands
The VF Foundation, the philanthropic arm of VF Corporation
(NYSE: VFC), today released its second Impact Report, which details
how the Foundation positively impacted more than three million
people in 73 countries during the period between March 29, 2020, to
April 3, 2021.
During this time, The VF Foundation provided grants to support
91 Community Partners around the world and distributed more than $8
million to support efforts centered on its four priorities: 1)
Outside Matters: increasing equitable outdoor access and
conservation; 2) Worthy Work: educating and inspiring inclusive
leaders in apparel and footwear; 3) Free to Be: empowering the
freedom of self-expression and creativity; and 4) Disaster Relief
and Recovery.
“This report not only gives insights into The VF Foundation’s
grantmaking priorities, but it provides a window into the
organizations we fueled, the causes we strengthened and the
positive change we helped to power,” said Gloria Schoch, Executive
Director of The VF Foundation and Director of Global Impact of VF
Corporation. “In the upcoming year, we hope to continue working
with our partners to help heal our planet and improve lives in the
communities where VF operates across the globe.”
In addition to the direct support provided by The VF Foundation,
VF’s associates and family of brands also contributed monetary and
product donations throughout the year to support disaster relief
and recovery efforts. Together, The VF Foundation and VF
Corporation, its associates and family of brands, donated more than
$24 million during this same period.
“The VF Foundation was established with a simple, yet meaningful
purpose: to make the world a better place,” said Steve Rendle, The
VF Foundation Board Chair and President and CEO of VF Corporation.
“We understand the power of collaboration and the importance of
companies like ours investing in change makers to help find
solutions for some of society’s toughest issues. Through the work
of our Foundation, as well as the generosity of our associates and
our family of brands, we are empowering those who aspire for a more
just and sustainable world.”
Grantees receiving support from The VF Foundation and
highlighted in this year’s Impact Report include:
- Outside Matters — The Trust for Public Land, Equitable
Communities Fund: The VF Foundation partnered with The Trust
for Public Land to help address the outdoor equity gap for the over
100 million people in the U.S., including 28 million children, who
do not have access to a park within a 10-minute walk from home. The
Foundation grant supported the creation of community-driven,
community-designed parks and other open spaces that provide
economic and outdoor relief for community-based groups most
impacted by the pandemic, including in Denver, Colorado; Los
Angeles, California; Dallas, Texas; and Atlanta, Georgia.
- Worthy Work — United Nations Foundation, The Resilience Fund
for Women in Global Value Chains: The VF Foundation helped
launch this groundbreaking fund which brings together corporate
investors, foundations and NGO partners to invest in the health,
safety and economic resilience of the women who form the backbone
of global value chains, including the apparel and fashion industry.
Starting in South Asia, The Resilience Fund aims to raise at least
$10 million in pooled funding over three years to support locally
driven solutions to systemic problems that make women more
vulnerable.
- Free to Be — Fashion Scholarship Fund (FSF), Alumni
Mentoring Initiative: With a grant from The VF Foundation, FSF
launched its “Alumni Mentoring Initiative” in order to reach FSF
alumni who have graduated from college in the last three years,
with a particular focus on alumni from underrepresented
backgrounds. This initiative is contributing to the fashion-talent
pipeline and highlighting the importance of peer mentorship,
inclusion and diversity.
- Disaster Relief and Recovery — In the past year, The VF
Foundation, along with VF Corporation and its associates and family
of brands, donated more than $10.3 million to relief and recovery
efforts in communities around the world. The Foundation alone
provided nearly $2 million in relief aid to partners.
The VF Foundation's FY 2021 Impact Report is available at
vfc.com. The granting cycle and grant requirements are also
available online.
About The VF Foundation
With its grantees, The VF Foundation strives to innovate and
problem-solve in collaborative ways to drive transformative,
lasting change with the vision of creating a more equitable and
sustainable world. Since its inception in 2002, the Foundation has
granted nearly $60 million globally to meaningfully improve the
communities where VF operates. It’s committed to driving movements
for the betterment of people and the planet across its key
strategic pillars: championing Worthy Work, embracing Outside
Matters, empowering creativity and self-expression as we are Free
to Be, and supporting Disaster Relief and Recovery. Learn more at
https://www.vfc.com/responsibility/the-vf-foundation.
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Colin Wheeler VF Corporation Colin_wheeler@vfc.com
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