The MGM Resorts Foundation pledges $4.7 million to nonprofits
July 20, 2012
Employees for MGM Resorts International have pledged $4.7 million this year to nonprofit organizations and programs serving the communities in which it operates in Nevada, Michigan and Mississippi. More than 86 charities will benefit from grants—and hundreds more from cash and payroll donations—distributed by The MGM Resorts Foundation, the philanthropic arm of MGM Resorts employees.
Celebrating its 10th anniversary, The MGM Resorts Foundation has raised nearly $50 million and supported more than 2,000 charitable organizations since its inception in 2002. The foundation supports community charities through the distribution of employee donations and the issuance of grants to a wide array of organizations selected by the foundation's employee grants council. Foundation grants generally focus in the areas of children and youth, public education, health care, hunger relief and mental health and substance abuse.
Among the Company's 62,000 employees, more than 47 percent have donated money to the community since 2002 through cash and payroll donations, and foundation‐hosted fundraising events. MGM Resorts absorbs the administrative costs of the MGM Resorts Foundation allowing every employee dollar donated to go directly to the community‐based organizations.
As part of the activities surrounding the announcement of this year's grant recipients, the Clark County Commission proclaimed July 17th, 2012 "MGM Resorts Foundation Day" to recognize the foundation and MGM employees for their commitment to strengthening their communities.
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