Subaru of America Foundation, Inc.

Overview

The Subaru of America Foundation, Inc. is a 501(c)(3) nonprofit organization established in 1984 that is dedicated to supporting communities across the United States. The foundation aims to enhance the quality of life for individuals and families through various philanthropic initiatives, including community grants, scholarships, and matching employee donations. Since its inception, the foundation has awarded over $24 million to various programs that align with its mission of community empowerment and support.

Mission and Goals

The primary mission of the Subaru of America Foundation is to contribute to the well-being of the communities where Subaru operates. The foundation focuses on several key areas:

• Community Grants: Providing financial assistance to local organizations and initiatives that enhance community welfare.
• Educational Support: Offering scholarships and educational programs to promote learning and development.
• Environmental Stewardship: Engaging in initiatives that protect the environment and promote sustainability.

Major Initiatives

One of the hallmark initiatives of the foundation is the Subaru Share the Love Event, which has significantly impacted numerous charitable organizations. Since its launch, this program has resulted in more than $288 million in donations to various charities, including the ASPCA, Make-A-Wish, Meals on Wheels, and the National Park Foundation. This annual event encourages Subaru customers to choose a charity to receive a donation from Subaru with each vehicle purchase.

Partnerships and Community Engagement

The foundation has established partnerships with various organizations to further its philanthropic goals. Notably, it is the largest corporate partner of the National Park Foundation, having contributed nearly $65 million since 2013 to support national parks and enhance sustainability efforts within these areas. Through initiatives such as "Don't Feed the Landfills," Subaru has shared its zero-landfill expertise with national parks to help reduce waste effectively.

Financial Information

The foundation is funded primarily through dividends, with significant contributions received from Subaru of America's financial activities. Its fiscal reports indicate a strong commitment to charitable disbursements, with nearly all expenditures directed towards community and charitable efforts. The foundation operates transparently and is dedicated to ensuring that resources are effectively utilized for maximum community benefit.

Impact and Recognition

The Subaru of America Foundation has been recognized for its contributions to community service and corporate social responsibility. Subaru has been listed among the "most community-minded companies in the United States," reflecting its dedication to philanthropy and social impact through active community engagement and investment.

In conclusion, the Subaru of America Foundation, Inc. stands as a testament to Subaru's commitment to corporate responsibility and community support, aiming to make a lasting impact on individuals and families across the nation through its diverse charitable initiatives and partnerships.