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GE Aerospace launches new foundation with $24 million commitment

written by Newsdesk | May 7, 2024

GE Aerospace launches new foundation with $24 million commitment

GE Aerospace has announced the launch of the GE Aerospace Foundation, celebrating a new chapter that builds on the more than 100-year legacy of the previous GE Foundation.

The new foundation’s philanthropic strategy and programs will focus on workforce development, disaster relief, and amplifying the efforts of GE Aerospace employees in communities where they live and work.

“The responsibility to support and strengthen the communities where we live and work is one that GE Aerospace takes seriously,” said GE Aerospace Chairman and CEO H. Lawrence Culp, Jr.
“The launch of the GE Aerospace Foundation will help transform local communities and develop a stronger workforce for the future by leveraging our unique expertise as a global leading aerospace company.”

The foundation’s programs will focus on three core areas and represent more than $22 million in new programming through 2030. This includes a $20 million commitment through 2030 to expand Next Engineers, a global program working to increase the diversity of young workers in engineering.

In response to growing aviation and manufacturing workforce demands, the foundation will also donate $2 million to support workforce development programs, including a new $1 million partnership with United Way of Greater Cincinnati.

The foundation has also committed $2 million to disaster relief and humanitarian aid, including a $1 million partnership with Airlink in recognition of the important role aviation plays in disaster response.


The foundation will continue its Matching Gifts program, bolstering employee efforts in their personal philanthropy, and the STAR Awards program providing competitive scholarships to children of eligible GE Aerospace employees around the world.

The creation of the GE Aerospace Foundation follows the launch of GE Aerospace as an independent public company on April 2, 2024.


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