The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

John Deere Foundation Grants $1 Million for Red Cross Relief Efforts in Japan

Tuesday, March 22, 2011

John Deere Foundation Grants $1 Million for Red Cross Relief Efforts in Japan09:51 EDT Tuesday, March 22, 2011MOLINE, Ill., March 22, 2011 /PRNewswire/ -- The John Deere Foundation, the main philanthropic organization of Deere & Company (NYSE: DE), has approved a grant of $1 million to the Red Cross organization to support relief efforts in Japan following the earthquake and tsunami that devastated portions of that country. In addition, the John Deere Foundation will match Deere employee contributions to the Japan relief effort up to an additional $500,000."The tragic events in Japan have profoundly affected people around the world," said Samuel R. Allen, chairman and chief executive officer, Deere & Company. "We are deeply saddened when a disaster of this magnitude causes so much destruction and loss of life. The support of the John Deere Foundation will assist the Red Cross as it helps the Japanese people during this difficult recovery." The John Deere Foundation support announced today is in addition to annual contributions of $250,000 each that the Foundation makes to the American Red Cross National Disaster Relief Fund and the International Red Cross Disaster Relief Fund.The John Deere Foundation is Deere & Company's main philanthropic organization, providing grants to a variety of non-profit organizations that are active in the following areas: solutions for world hunger, community betterment, higher education and disaster relief. The Foundation approved grants in excess of $12 million in 2010. SOURCE Deere & CompanyFor further information: Ken Golden, Director, Global Public Reputation Strategy of Deere & Company, +1-309-765-5678