Jane Carten, President & CEO
Seven-year total climbs to $847,250 through corporate charitable giving program
Bellingham, WA (December 20, 2013) —Saturna Capital contributed $144,500 to 49 non-profit charitable organizations through employee-directed donations during the 2013 holiday season. Now in its seventh consecutive year, Saturna’s holiday charitable giving program has directed $847,250 to a diverse group of its employees’ favorite nonprofits.
“Saturna’s holiday giving incentive program is an extension of our corporate values that expressly promote philanthropy on several levels,” said Jane Carten, Saturna’s President and CEO. “Through hands-on involvement in the selection process, our crewmates learn the power of giving. They are encouraged to explore and evaluate many organizations, especially those in their local communities, in order to make the greatest impact. We also hope to inspire other companies to do the same.”
Incentives built into Saturna’s year-end giving program encourage employees to forgo a holiday bonus for themselves, with the tradeoff being that they can significantly magnify the dollar amount directed to charities. How it works: Each eligible employee receives a year-end bonus accompanied by a Saturna dollar-for-dollar match donated to non-profit organization of the employee’s choice. For employees who relinquish their bonuses, Saturna increases the donations by three and a half times the original amount. Over half of Saturna’s 62 eligible employees opted to direct their bonuses to charity, which is in line with high participation rates of past years.
Contributions were directed to 49 non-profit organizations, the vast majority of which are based near Saturna’s corporate headquarters in Bellingham, Washington. Organizations receiving the largest donations include: Bellingham BMX Racing ($9,000), Western Washington University Foundation ($8,000), Bellingham Food Bank ($6,500), Blue Skies for Children ($4,500), F.A.C.E.S. Northwest ($4,500), Sean Humphrey House ($4,500), UPLIFT Charity ($4,500), and Whatcom Humane Society ($4,500). Donations in the amount of $3,500 were made to Annie Wright Schools Annual Fund, Assumption Catholic Church, Beth Israel Building Fund, Bellingham Technical College Foundation Sink the Dinghy Scholarship Fund, Cornerstone Christian School, Domestic Violence and Sexual Assault Services, Edward Quammen Scholarship Fund, Interfaith Coalition of Whatcom County, Islamic Center of the Northeast Valley, Lowell Elementary School PTA, Mercy Corps, Mt. Baker Planned Parenthood, Mt. Moriah Lodge #11 Bikes for Books Program, Page Ahead, PAWS Chicago, Puget Sound Blood Center Bellingham Center Expansion, Regent College Foundation, St. Paul’s Academy Annual Fund, The Islamic Society of Northwest Suburbs, Whatcom County Pregnancy Clinic, Whatcom Education Spay and Neuter Impact Program (WeSNIP), Whatcom Mountain Bike Coalition, and Youth With A Mission Chicago.