IDEX Foundation Receives $6 Million Infusion, Expands Mission
January 20, 2021
The IDEX Foundation, which was created to positively impact the communities in which IDEX people live and work, has announced an expanded mission accompanied by a contribution of $6 million from IDEX Corporation to support charitable efforts.
The funding infusion allows the Foundation to increase overall giving and add “Equity & Opportunity” – creating opportunities for under-served, disadvantaged people of color in our communities – as a lasting and fully-funded part of its mission.
“Foundation-funded volunteer projects continue to shape the fabric of our company culture, where great teams come together and contribute to the broader community. It’s part of who we are, and I couldn’t be prouder to help expand our ability to help,” IDEX CEO & President Eric Ashleman said.
The contribution means this important expansion of the mission won’t compete for funds with other charitable efforts. The Foundation’s annual charitable giving is expected to more than double.
While in-person efforts have been paused during the COVID-19 pandemic, foundation grants typically fund local projects led by volunteer teams from IDEX business units.
“I look forward to the days of once again regularly coming together as teams to build homes for the homeless, renovate community centers for kids and stuff backpacks with school supplies for local children,” Ashleman said.