AMD Expands Employee Giving Programs
Company Increases Match, Takes Program Online
SUNNYVALE, CA --
AMD today announced an increased corporate match and a new, online tool that allows the company’s 7,000 domestic employees to more easily make contributions to the non-profit organizations and schools of their choice. Just a click of the mouse button provides access, any time of the year, day or night, to the company’s Matching Gifts and GIVE (Grant Incentives for Volunteer Efforts) programs.
AMD’s Matching Gifts program, launched in the early 1980s, provides a dollar-for-dollar match for employee’s financial gifts to eligible universities, schools and non-profit organizations. GIVE, the company’s version of a “dollars-for-doers” program, rewards employees for volunteer service in the form of grants to charities and schools. The company previously matched cash donations up to $1,500 per year and provided GIVE grants up to $500 per organization per year. AMD now matches employee donations of time and money up to $3,000 per employee per year.
Both programs also were expanded to include new giving categories, the inclusion of spouses and a $15 per volunteer hour match for GIVE. The AMD Employee Giving Web site, hosted by the JK Group, was launched domestically in mid-November. The site allows for payroll deduction and one-time gifts of cash, credit cards or stock. It also provides an up-to-date personal giving history for each employee.
Roy Kaplan, president of JK Group, said: “AMD asked for an on-line giving method that was exceptionally accommodating for its employees. What they have requires little effort from employees and is always available.”
While many corporations use an on-line process for annual giving campaigns, few use the Web for year-round giving.
“An employee’s spontaneous desire to give to their community should not be discouraged by the use of forms or a slow process. We have made it as easy as possible for AMD employees to make one-time contributions or establish continuing payroll deductions for their favorite charities,” said Allyson Peerman, AMD corporate community affairs manager. “We believe this simplicity could result in increased participation, especially when giving is spread out over time.”
In addition to universities, community colleges, K-12 schools and health and human service agencies, AMD now matches employee contributions of time and money to the following: arts and cultural organizations; environmental and conservation groups; public broadcasting; public libraries, zoos, parks, gardens and aquariums; humane societies; volunteer, leadership, mentor, tolerance and diversity programs; community centers; parenting programs; scouting councils; crime prevention initiatives and accredited, non-profit child care centers.
“The purpose of our Employee Giving programs is to support our employees’ interests and to allow for funding outside our geographical site boundaries and defined corporate giving categories,” said Peerman. “By adding hundreds of new groups to our eligibility list, we hope to equip our employees to make a positive difference through the causes they hold dear.”
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor’s 500 company, produces microprocessors, flash memory devices, and support circuitry for communications and networking applications.
The company has a long history or making strategic investments in education, basic needs and community development. Its goal is to strengthen the communities around the world where AMD has major facilities by promoting innovative solutions to shared community and company needs.
Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $4.6 billion in 2000. (NYSE: AMD).
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