Altria Announces Five Million Dollar Donation to Fight Racial Inequality
Altria Group, Inc. (Altria) (NYSE:MO) today announces an initial commitment of five million dollars to address systemic racism faced by Black Americans and advance social and economic equity. These funds will be used to support national and local organizations working across the United States and in our operating communities, as well as provide immediate support to small businesses in our communities impacted by recent vandalism. This commitment is incremental to Altria's planned 2020 corporate giving.
"These are difficult times, and we must find ways to embrace our differences, address underlying systemic issues and move forward as a country," said Billy Gifford, Altria's Chief Executive Officer. "We know we don't have all the answers, but we will learn by listening to our diverse colleagues, community members and others as we seek progress within our company and the places we call home."
Altria will also launch a month-long employee giving campaign which will match on a two-for-one basis all employee donations. Recipient organizations will be selected by Unifi, Altria's Black Employee Resource Group (ERG) and other ERGs. Altria also announced a company-wide paid "Day of Healing" on Juneteenth (June 19th) to allow employees time for personal reflection and healing. Altria is also voicing support for removing confederate monuments in its hometown of Richmond, Va., once the Capital of the Confederacy.
About Altria's Corporate Giving
Through its corporate giving programs, Altria helps solve societal issues that are priorities for our businesses, communities and employees. We invest in leading nonprofits that can drive sustained outcomes. We focus our corporate giving on positive youth development; employee giving and volunteerism; workforce and economic growth; environment; inclusive community and culture and employee giving and volunteerism. Since 2008, Altria has invested more than a half-billion dollars in its communities.
Altria's wholly owned subsidiaries include Philip Morris USA Inc. (PM USA), U.S. Smokeless Tobacco Company LLC (USSTC), John Middleton Co. (Middleton), Sherman Group Holdings, LLC and its subsidiaries (Nat Sherman), Ste. Michelle Wine Estates Ltd. (Ste. Michelle) and Philip Morris Capital Corporation (PMCC). Altria owns an 80% interest in Helix Innovations LLC (Helix). Altria holds equity investments in Anheuser-Busch InBev SA/NV (ABI), JUUL Labs, Inc. (JUUL) and Cronos Group Inc. (Cronos).
The brand portfolios of Altria's tobacco operating companies include Marlboro(R), Black & Mild(R), Copenhagen(R), Skoal(R) and on!(R). Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle(R), 14 Hands(R) and Stag's Leap Wine Cellars(TM), and it imports and markets Antinori(R), Champagne Nicolas Feuillatte(TM) and Villa Maria Estate(TM) products in the United States. Trademarks and service marks related to Altria referenced in this release are the property of Altria or its subsidiaries or are used with permission.
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SOURCE: Altria Group, Inc.
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