MINNEAPOLIS, July 22, 2020 (GLOBE NEWSWIRE) — The Medtronic Foundation today announced a $16 million commitment to partnerships with organizations working to bring about social justice and equity, improve the lives of Black Americans, and help heal and advance the broader community, specifically to the Thurgood Marshall College Fund, the Northside Achievement Zone, and the People’s Center Clinics & Services, among others.
These partnerships are a unique combination of strategic financial support paired with Medtronic employee volunteerism. They aim to deliver meaningful impact through deep engagement, greater understanding of racial inequities, improved educational opportunities and fewer health disparities, which have been precipitated by historical racial inequities and intensified by COVID-19.
“As a global healthcare leader, our Mission calls us to maintain good global citizenship as a company,” said Geoff Martha, Medtronic chief executive officer. “Today, it’s critical that we actively promote social justice and racial equity progress to address inequities and health disparities in our communities. The Medtronic Foundation’s commitments come as an extension of the Medtronic journey to consistently improve and advance these efforts.”
As part of its commitment, the Medtronic Foundation is entering into three long-term, multi-year core partnerships at local and national levels:
Immediate Response to Racial Injustice: Community Investments
These longer-term commitments build on the Medtronic Foundation’s immediate response in early June to Minneapolis-based organizations focused on rebuilding local neighborhoods and on supporting people impacted by the civil unrest following George Floyd’s killing. These partners are helping to restore damaged neighborhoods, provide food and clothing, and assist small businesses in getting back on their feet. Partners include:
“Understanding and impacting social inequities and systemic racism is a long-term journey, requiring a long-term commitment,” said Paurvi Bhatt, president of the Medtronic Foundation. “The perspectives of Medtronic’s African Descent Network, together with insights from community leaders, helped us shape these meaningful actions which not only support communities under crises, but also support long-lasting, community-driven changes.”
“We are delighted the Medtronic Foundation is committed to partnering with TMCF to provide financial support and opportunities for HBCU students to learn more about medical technology,” said Harry L. Williams, president and CEO of the Thurgood Marshall College Fund, which represents 47 member-schools. “During these difficult and uncertain times, we applaud the Medtronic Foundation for their commitment to health disparities, education, social justice and equity to improve the lives of Black Americans.”
In addition to the above financial contributions, Medtronic is organizing a global Day of Action for Racial Equity Progress – which is a day of learning, giving and volunteering. Our 90,000 Medtronic employees worldwide will have a menu of opportunities to learn more about advancing racial equity, chances to virtually volunteer and options to support non-profit organizations responding to social justice and racial disparities in Black communities.
The Medtronic Foundation will match 2:1 Medtronic employee and retiree donations to nonprofit organizations including social justice organizations of their choosing until Oct. 30, 2020, which will deepen the impact of those donations.
Medtronic plc is the sole funder of the Medtronic Foundation, whose focus is on improving health for underserved populations worldwide, as well as supporting communities in which Medtronic employees live and give. For more information, please visit medtronicfoundation.org.
Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world’s largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic’s periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.