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Program Funding
Eastman Kodak Company's level of financial contributions to not-for-profit organizations and programs are approved by the company's Board of Directors and come from the following two sources:
- A portion of the company's corporate earnings from the last fiscal year.
- Income from Eastman Kodak's charitable foundation, established in 1952 by action of the Board of Directors. The foundation's principal consists of Kodak stock and cash, specifically set aside to support charitable and educational organizations.
Statement of Policy
Finite resources require that the company's charitable contributions be managed as corporate investments that:
- Support societal needs in communities* where substantial numbers of active and potential employees live and work.
- Reflect global corporate goals in:
- recruitment
- technology strength
- market growth
- public policy
- diversity
- environment
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* Windsor, Colorado; Rochester, NY; San Diego, Calif; and other sites worldwide.
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Types of Contributions
Cash, product, real estate or in-kind donations may be made to eligible organizations.
Research Grants-generally, only seed grants in the start-up phase are supported by corporate contributions; program maintenance is funded by research or appropriate business units.
Used Equipment-donations of salvage and surplus items, exclusive of capital assets still on the books, may be made to civic or charitable organizations (handled through Gifts In Kind International).
Areas of Focus Community Revitalization
(economic development, environment, culture, and the arts)
- Programs that improve the standard of living of low-income residents.
- Programs that improve employment skills.
- Economic development activities (particularly minority-owned or operated) to enhance the economy of a community.
- Programs that provide unbiased, third-party acquisition and distribution of information on issues of mutual concern to the community and the company.
Education
- Includes preschool, grades K-12, higher education, umbrella education funds, diversity initiatives, and special grants for schools with significant linkages to Kodak.
- University contributions are focused on recruitment, diversity, and technology, and market development. Endowments and capital campaigns are a low priority.
Health and Human Services
- Priority and international support is given to organizations delivering health and human services in Kodak communities.
- National organizations that address key issues of interest to Kodak are also funded.
Other
Kodak recognizes that there are other opportunities for contributions that do not fit these areas of focus.
Eligibility
Eastman Kodak Company makes corporate grants to tax-exempt, not-for-profit organizations as defined under Section 501 (c) (3) of the U.S. Internal Revenue Service Code, or non-profits outside the U.S. that verify they would be considered tax exempt under guidelines that are equivalent to those of the IRS. Kodak units in other countries also support programs relevant to their respective manufacturing, research, marketing, scientific, or community interests.
Restrictions
The Corporate Contributions Program does not support:
- Individuals
- A commitment beyond three to five years (unless a specific strategic rationale exists and the contribution is reviewed in three years).
- Endowed chairs
- University capital campaigns
- Event sponsorships
- Operating costs of organizations that receive funds from a Kodak supported United Way.
- Legislators, political organizations, or campaigns
- Sectarian organizations whose programs are limited to members of one religious group.
Timeline
Kodak is not accepting or reviewing grant applications in 2009.
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