Newmont Legacy Fund will contribute $2.8 Million to Support Local Communities in Colorado and Nevada
ELKO, October 25, 2018 – Newmont Mining Corporation (NYSE: NEM) is pleased to announce the results of the 2019 Legacy Fund Campaign. The charitable workplace giving program concluded its ninth annual fundraising campaign in Nevada, with an outstanding 72 percent of employees participating, with pledges of $1.34 million to Nevada-based non-profit organizations. Newmont will match employee contributions dollar-for-dollar, bringing the total to nearly $2.7 million.
At Newmont’s Cripple Creek & Victor Mine in Colorado, the campaign concluded its second year with 40 percent employee participation and a record high amount pledged of $154,000, which will support more than 50 local non-profit organizations. The combined Nevada and Colorado campaigns total $2.8 million that will benefit communities in both states.
The Newmont Legacy Fund includes an employee giving campaign to fund today’s needs, along with a community endowment fund to support community needs in the future. Through the employee giving portion of the program, Newmont employees can donate to non-profit organizations of their choosing.
“What makes the Newmont Legacy Fund different from many other donation programs is that it allows our people to direct their contributions to organizations, programs and services that are meaningful to them,” said Nancy Ostler, Executive Director of the Newmont Legacy Fund. “Not only does Newmont match employee donations, but we also cover all overhead and administrative costs, so 100 percent of employee donations reach their designated non-profits.”
Parallel to the continued success of the Newmont Legacy Fund has been the steady growth of the Newmont Endowment Fund, now valued at more than $2.7 million. The Endowment Fund is the financial legacy that Newmont will leave for communities across the region if and when Newmont’s operations cease in the area.
“Newmont employees are the driving force that makes the Legacy Fund so successful,” said Andrew Woodley, Newmont North America’s Regional Senior Vice President. “Creating value and improving lives is part of our culture as evidenced by our people’s generous contributions of their money, time and talents to strengthen the health and vitality of our local communities. Newmont and our employees have much to be proud of for supporting our communities at this significant level, year after year.”
“These impressive numbers might quantify our employees’ generosity, but that’s only part of a bigger picture,” said Ostler. “When it comes to helping our communities, Newmont and our employees offer so much more than just dollars. We are all proud and honored to be a respected partner with our communities, and the success of this latest Legacy Fund campaign demonstrates that.”
Newmont is a leading gold and copper producer. The Company’s operations are primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015, 2016, 2017 and 2018. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.
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