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GE Aerospace Launches GE Aerospace Foundation

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Builds on company’s purpose “to lift people up” by committing $20M to expand Next Engineers, $2M to workforce development, and $2M to disaster relief

May 09, 2024, Pune – GE Aerospace recently announced the launch of the GE Aerospace Foundation, celebrating a new chapter that builds on the more than 100 year-legacy of the previous GE Foundation. The GE Aerospace Foundation’s philanthropic strategy and programs will help fulfill the company’s purpose to “lift people up” in GE Aerospace communities, with a focus on workforce development, disaster relief and amplifying the efforts of GE Aerospace employees. 

In South Asia, GE Aerospace Foundation will continue to work with local partners to support disaster relief, education and healthcare for underprivileged communities. South Asia has received US $ 1.2 million in total Foundation related giving over the past 10 years which includes grants and related programming. These have benefited affected communities in Bangalore, Pune and other parts of South Asia. 

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“The responsibility to support and strengthen the communities where we live and work is one that GE Aerospace takes seriously,” said GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. “The launch of the GE Aerospace Foundation will help transform local communities and develop a stronger workforce for the future by leveraging our unique expertise as a global leading aerospace company. We are proud to carry on a 100-year legacy of positive impact, and I look forward to seeing the GE Aerospace Foundation continue to make a difference for many years to come.”

The Foundation’s programs will focus on three core areas and represent more than $22 million in new programming through 2030. Efforts will include cultivating a robust and diverse workforce in the manufacturing and engineering industries, investing in humanitarian and community programs that have demonstrated efficacy in global impact, and amplifying employee engagement worldwide. 

“We are immensely proud to oversee this next chapter of philanthropic support with a focus on a stronger future workforce, disaster relief and amplifying employee giving,” said GE Aerospace Foundation President Meghan Thurlow. “We look forward to expanding our work supporting communities around the globe and advancing the development of a more diverse and skilled industry.”

Next Engineers and STEM education

The Foundation has committed $20 million through 2030 to expand Next Engineers, a global program working to increase the diversity of young workers in engineering, bridging the gap from middle school to college. The Next Engineers program in has reached nearly 18,000 students to date. The GE Aerospace Foundation announced today that it will extend the successful Cincinnati program through 2028. The Foundation also announced it will expand the Next Engineers program to four additional cities, including Warsaw, Poland with additional sites to be announced in coming years. 

Workforce development 

In response to growing aviation and manufacturing workforce demands, the GE Aerospace Foundation will donate $2 million to support workforce development programs in geographies where we live and work. 

Disaster relief and humanitarian efforts

Drawing on GE Aerospace’s people, technology, and other resources, the Foundation announced a $2 million commitment to disaster relief and humanitarian aid, including a $1 million partnership with Airlink in recognition of the important role aviation plays in disaster response. 

Matching Gifts program

The Foundation is also proud to continue its Matching Gifts program, bolstering employee efforts in their personal philanthropy, and the STAR Awards program providing competitive scholarships to children of eligible GE Aerospace employees around the world. GE created the concept of corporate matching gifts in 1954, with donations and matching exceeding $1.5 billion since inception. The STAR Awards program has provided more than $21 million in financial support through more than 15,000 awards since its launch in 1984. 

The creation of the GE Aerospace Foundation follows the launch of GE Aerospace as an independent public company on April 2, 2024, that is defining the future of flight. 

About the GE Aerospace Foundation

The GE Aerospace Foundation, an independent charitable organization funded by GE Aerospace, complements the company’s purpose to “lift people up” in communities where employees live and work around the world. The Foundation’s philanthropic strategy and programs focus on engineering education, workforce development, and disaster relief.  We also support GE Aerospace employees through programs such as Matching Gifts and STAR Awards.  When GE Aerospace launched as an independent company in 2024, the GE Foundation was relaunched as the GE Aerospace Foundation, commencing a new chapter that builds on the successful, 100+ year legacy of the previous GE Foundation. Learn more at www.geaerospace.com/company/philanthropy

About GE Aerospace in India 

GE Aerospace has been a partner to India’s aviation industry for over 40 years. 900 GE Aerospace and partner engines are in service, powering major Indian airlines. GE Aerospace’s defense engines and systems power Indian Airforce’s Light Combat Aircraft Tejas Mk 1 and helicopters and Indian Navy’s aircraft carrier battleships and frigates. Its Pune manufacturing facility and 13 local India partners are part of the company’s global supply chain. Researchers and engineers at the company’s 24-year-old John F Welch Technology centre in Bengaluru are building the latest aviation technologies. 

About GE Aerospace

GE Aerospace (NYSE: GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.

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