MILWAUKEE, Nov. 18 /PRNewswire-FirstCall/ -- Brady Corporation (NYSE: BRC)
has announced the establishment of the Brady Corporation Foundation, a
nonprofit, non-stock corporation which will serve as the company's primary
vehicle for charitable contributions. The focus of the foundation will be on
developing a pipeline of future leaders who will positively impact the
communities in which Brady operates. Brady Corporation has funded the
foundation with an initial gift of $1.0 million.
The Brady Corporation Foundation will work to make significant, long-term
grants to non-profit organizations focusing on three primary areas of
development: formative development that ensures a positive start through youth
outreach programs and community outreach organizations; skills development
that provides the right building blocks through primary and secondary school
programs; and leadership development to refine skills at the college level and
beyond. Prospective grant recipients will be solicited by the foundation
through a "request for proposal" process only, and priority will be given to
organizations in which Brady employees are involved.
"Recognizing that people are our most important asset and an essential
part of our growth strategy, the foundation's focus is to invest in tomorrow's
leaders in order to ensure a consistent stream of talent for our businesses
and our communities," says Frank Jaehnert, president of the foundation, and
president and chief executive officer of Brady Corporation.
"As a global corporation, we accept the challenge of making sure the
communities within which we live and work are enhanced through the involvement
of our employees, the benefits of our products and our financial support,"
said Allan Klotsche, chief operating officer of the Brady Corporation
Foundation and vice president for Brady Asia Pacific. "While our efforts have
been historically focused on southeastern Wisconsin, our employees around the
United States and in the rest of the world are equally as passionate about
Brady's involvement in their communities, and as such we will look to further
expand the foundation's programs and focus in the future."
"We are very excited to be able to play a larger and more visible role in
developing community leaders," said Carole Herbstreit, Brady director of
corporate communications. "Brady has a strong history of supporting education
in the greater Milwaukee area, which is the home of its corporate
headquarters. For example, the Brady Academic All-Stars program has
recognized nearly 2,000 area students for their outstanding achievements both
inside and outside of the classroom. Over the last 15 years, this program has
awarded more than $450,000 in college scholarships. By adding to this and
other corporate contribution programs through the Brady Corporation
Foundation, we can have an even greater impact on current and future
generations."
Brady Corporation is an international manufacturer and marketer of
complete identification solutions and specialty materials, with products
including labels, software, printing systems, label-application and data-
collection systems, signs, safety devices and precision die-cut materials for
manufacturing, electrical, electronic, telecommunications and a variety of
other markets. Founded in 1914, Brady is headquartered in Milwaukee and
employs nearly 4,700 people in operations in the United States, Europe,
Asia/Pacific, Latin America and Canada. The company's fiscal 2005 sales were
approximately $816 million. More information is available on the Internet at
http://www.bradycorp.com and http://www.foundation.bradycorp.org .
SOURCE Brady Corporation
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