Micron Technology Foundation Inc

The Micron Technology Foundation Inc is a nonprofit organization based in the United States, classified as a 501(c)(3) entity focused on philanthropy, voluntarism, and grantmaking. It was established in 1999 and operates as a corporate foundation, aligning with Micron Technology's mission to contribute to society through various charitable initiatives.

Purpose and Activities

The foundation primarily supports organizations focused on K-12 and higher education, with a special emphasis on programs that promote education in the fields of engineering, science, chemistry, mathematics, and computer science. This aligns with Micron Technology's commitment to increasing access to STEM (Science, Technology, Engineering, and Math) education, reflecting the company's interests in the semiconductor industry.

Financials and Operations

The foundation receives its revenue primarily from contributions and dividends, with a significant portion allocated towards charitable disbursements. Its financial activities are typically disclosed through the Form 990-PF, which provides insights into revenue sources, expenses, and asset management. The foundation's charitable efforts are a part of Micron Technology's broader corporate social responsibility initiative.

Relationship with Micron Technology

As a subsidiary foundation of Micron Technology Inc., a leading producer of computer memory and data storage solutions, the Micron Technology Foundation benefits from its parent company's global influence and resources. Micron Technology is headquartered in Boise, Idaho, and is known for its contributions to the semiconductor industry worldwide.

Global Impact

While the foundation is based in the U.S., its impact extends through Micron Gives, a program that supports equitable opportunities across various regions, including Asia. Micron Gives works in countries such as India, Malaysia, China, Singapore, Taiwan, and Japan, fostering a culture of giving within the company.

Governance and Transparency

The foundation maintains transparency through publicly available financial reports, which outline its governance structure, financial data, and charitable endeavors. This transparency is essential for maintaining trust with donors and beneficiaries alike.