The Norfolk Southern Foundation awarded grants worth $4.92 million in 2007 and plans to award grants worth approximately $5 million in 2008 to charitable organizations supporting cultural, educational, and environmental initiatives.
The Foundation’s 2007 awards were as follows:
- United Way, 73 organizations, $1,002,000
- Other Community Relations, 35 organizations, $201,100
- Education, 50 organizations, $895,190
- Arts and Culture, 47 organizations, $1,057,804
- Civic and Community, including Environmental, 51 organizations, $226,382
- Miscellaneous Other, 4 organizations, $50,000
- Matching Gifts, 1,589 organizations, $1,482,206
For the fourth quarter of 2007, the Foundation awarded grants to charitable organizations worth $1.15 million, including $331,522 in Matching Gifts. Major gifts were awarded to Virginia Symphony (Norfolk), the Art Museum of Western Virginia and the Historical Society of Western Virginia (both in Roanoke), Woodruff Arts Center (Atlanta), Emory & Henry College, The Citadel Foundation, and The Virginia Historical Society. Thirty United Ways in Norfolk Southern’s operating territory received a total of $203,500, and 11 state independent college funds received a total of $73,000.
For 2008, the Norfolk Southern Foundation anticipates awarding approximately $5 million to charitable organizations as follows: $1.02 million for 71 United Ways in communities served by Norfolk Southern; $935,000 for arts and culture; $880,000 for education, including $261,000 designated for the College Partnership Program that supports Norfolk Southern’s recruiting program; $1.5 million for Matching Gifts; and the balance for civic, community relations, and environmental organizations. The $5 million total includes approximately $550,000 in new discretionary funding pledged to more than 35 organizations located within Norfolk Southern’s operating territory.
Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s premier transportation companies. Its Norfolk Southern Railway subsidiary operates approximately 21,000 route miles in 22 states and the District of Columbia, serving every major container port in the eastern United States and providing superior connections to western rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is North America’s largest rail carrier of metals and automotive products.