Owens Corning to Contribute $1.1 Million to Habitat for Humanity
Cash and Gifts-in-Kind Will Support Habitat's Efforts through 2017
ATLANTA and TOLEDO, Ohio, Feb. 4, 2015 /PRNewswire/ -- The Owens Corning Foundation will donate $1.1 million in cash and gifts-in-kind to Habitat for Humanity International over three years. The partnership will support house construction and revitalization projects nationwide.
The Owens Corning Foundation has donated $200,000 for 2015 and pledged $200,000 per year for 2016 and 2017. Additionally, Owens Corning anticipates gift-in-kind donations of $500,000 over the three years. These gifts include insulation and roofing products to support Habitat's affordable housing efforts.
"One of the most important benefits of community investment is the positive impact it has on our employees and the communities where they live and work," said Don Rettig, president of the Owens Corning Foundation. "Habitat is an ideal partner for Owens Corning. We provide financial support, donate building materials and encourage employee volunteerism. What's more, Habitat has a presence in nearly every Owens Corning location across the U.S. and Canada."
During 2015-2017, Owens Corning also will contribute and install science-supported insulating systems and its Total Protection Roofing System™. These systems are designed to improve the thermal, air and moisture performance in the "building envelope" of Habitat homes, as well as help protect them from harsh weather conditions.
"We are grateful for Owens Corning's commitment to Habitat for Humanity," said Colleen Finn Ridenhour, deputy director of Corporate, Foundation and Institution Relations for Habitat for Humanity International. "Their support will enable us to help more families have access to safe, decent, affordable homes where they can create a brighter future."
Cash and gifts-in-kind from the Owens Corning Foundation and the company itself totaled more than $1 million from 2012 through 2014. The gifts-in-kind insulated and/or roofed more than 1,100 homes. Owens Corning employees participated in more than 30 Habitat builds across the United States and Canada during this period.
Owens Corning has supported Habitat for Humanity since 1997, sponsoring special events, such as Habitat's Jimmy & Rosalynn Carter Work Project, World Habitat Day activities and the Habitat on the Hill annual legislative and advocacy conference.
About Habitat for Humanity
Habitat for Humanity International's vision is a world where everyone has a decent place to live. Anchored by the conviction that housing provides a path out of poverty, since 1976 Habitat has helped more than 5 million people through home construction, rehabilitation and repairs and by increasing access to improved shelter through products and services. Habitat also advocates to improve access to decent and affordable shelter and offers a variety of housing support services that enable families with limited means to make needed improvements on their homes as their time and resources allow. As a nonprofit Christian housing organization, Habitat works in more than 70 countries and welcomes people of all races, religions and nationalities to partner in its mission. To learn more, donate or volunteer, visit habitat.org.
About Owens Corning
Owens Corning (NYSE: OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems. A Fortune 500® company for 60 consecutive years and in business for more than 75 years, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5.3 billion in 2013 and about 15,000 employees in 27 countries. Additional information is available at www.owenscorning.com.
SOURCE Owens Corning
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