Saturna Capital Charitable Giving Program a Model for Employee Engagement
The program consistently inspires employees to donate their year-end bonuses to charities.
Bellingham, Washington, December 31, 2017 – Investment advisory firm Saturna Capital is celebrating the success of its charitable giving program that engages employees in the spirit of philanthropy. In each of the past 10 years since the program began, roughly half of Saturna’s employees have chosen to donate their year-end bonuses to charity as a result of the program’s incentives. In 2017, 47% of them gave up their bonuses, lifting Saturna’s total employee-directed donations to $89,250, spread across 49 nonprofit organizations. The charitable giving program, which provides corporate matching dollars to charities selected by employees, channeled more than $1.2 million to worthy charities over the past decade.
“We celebrate the motivation of our crew members to embrace Saturna’s core value of philanthropy, and we are proud to support such diverse organizations and communities worldwide with their guidance,” said Jane Carten, Saturna’s president and CEO. “Our program’s incentives, in combination with a corporate culture that values philanthropy and the consistent generosity of our crew, increased total donations by 95% during the 2017 holiday season, nearly doubling our donations relative to a simple dollar-for-dollar match.”
Carten, who oversees Saturna’s philanthropic efforts, envisioned the program’s success when she helped design the incentives in 2007. Since then, Saturna’s philanthropic donations including the employee-directed charitable giving program have totaled $9 million. “Saturna champions corporate social responsibility as instrumental to sustaining vibrant communities and economies. We infuse this philosophy into our investment management as well,” she said.
Saturna’s program engages employees to choose the nonprofit organizations that will receive corporate donations. Each employee who is eligible for a year-end bonus selects an organization that will receive a dollar-for-dollar matching donation. The program further rewards employees who donate their bonuses by enabling them to multiply their impact with a higher dollar match from Saturna. Historically, Saturna has matched each donated bonus dollar with 2.5 to 3.5 corporate dollars.
In 2017, Saturna’s 61 eligible employees directed $89,250 to 49 non-profits. Organizations in Bellingham, Washington, where Saturna’s headquarters are located received the largest donations: St. Paul’s Academy ($6,750), Mt. Baker Planned Parenthood ($6,000), Bellingham BMX Racing ($5,250), Whatcom Family YMCA ($3,750), Bellingham Food Bank ($3,750), and Northwest Youth Services ($3,000).
The following organizations each received $2,250: Assumption Catholic Church, Brigid Collins House, Cornerstone Christian School, Edward Quammen Scholarship, Foothills Food Bank, Interfaith Coalition Housing Programs, Master Gardner Foundation of Whatcom County, Missions Network International, Muslim Community Center (Morton Grove, IL), New Horizon Irvine, Nooksack Salmon Enhancement Association, PAWS Chicago, Rebound of Whatcom County, Regent College Foundation, Tacoma Museum of Glass, UPLIFT Charity, Whatcom County Pregnancy Center, Whatcom Mountain Bike Coalition, and Whatcom Sports and Recreation.
The following organizations each received $750: American Red Cross Northwest Washington Chapter, Cascade Connections, Collide, Community Action of Skagit County, Creature Comforts, FreedHearts, Grace Church Bellingham, Hamazkayin Armenian Educational and Cultural Society, Jamie Soukup Reid Memorial Scholarship Fund, KUOW Puget Sound Public Radio, Mukilteo Food Bank, Nooksack Valley Riders Association, Redeemer Church, Rise Against Hunger, Ronald McDonald House Charities of Western Washington & Alaska, Sustainable Connections, The V Foundation for Cancer Research, Washington Masonic Charities Mt. Moriah Lodge #11, Weema International, WeSNiP, Whatcom Center for Early Learning, Whatcom Humane Society, Wild Whatcom, and YWCA of Bellingham.
About Saturna Capital
“Values-Based Global Asset Managers”
Saturna Capital, established in 1989, is the investment adviser and administrator to over $3.8 billion in assets in the Amana Funds, Sextant Funds, Saturna Sustainable Funds, and the Idaho Tax-Exempt Fund. Saturna also manages private accounts for families, businesses and endowments and is parent company to Saturna Brokerage Services (Bellingham, Wash.), Saturna Trust Company (Henderson, Nev.), Saturna Sdn. Bhd. (Kuala Lumpur, Malaysia), and Saturna Environmental Corporation, operator of Camp Saturna.