Baird Donates Nearly $1.2 Million to Worthy Causes As a Result of Tax Reform
More than 650 non-profits receive additional associate-directed donations
MILWAUKEE, Sept. 6, 2018 –Employee-owned Baird announced today that it donated nearly $1.2 million to more than 650 non-profits as a result of the firm’s efforts to share tax reform benefits with associates. This giving is in addition to Baird’s annual giving, which averages more than $3 million per year.
In March, Baird announced that firm leaders would receive a one-time benefit in the form of a $1,500 donation to the charity of their choice. All other full-time and part-time benefit-eligible associates received a $1,500 one-time cash bonus and part-time associates and long-term interns received a bonus of $500.
Baird leaders donated to more than 650 non-profits across the globe. More than $400,000 was distributed to Health and Human Services organizations and more than $350,000 was donated to non-profits that benefit educational causes.
“We are proud to share the benefits of tax reform with the communities in which we live and work,” said Steve Booth, Baird President & CEO. “Our associates are passionate about giving back and these contributions are benefiting great organizations that strengthen our communities.”
Milwaukee Rescue Mission, which provides shelter and support to the homeless in Milwaukee, received several donations from Baird leaders. Patrick H. Vanderburgh, President of Milwaukee Rescue Mission, noted: “Thank you for giving real hope to our homeless neighbors. We appreciate your friendship.”
Children’s Cancer Association, headquartered in Portland, Oregon is the only mission-driven organization of its kind positioning transformational programs of Joy as best practice in children’s hospitals across the country. All programs and services are provided at no cost to children and their families because of generous support like the charitable gift received from a Baird associate. “Thank you for your investment and generosity,” said Regina Ellis, Founder and Chief Joy Officer. “We can deliver the healing power of joy for children in their greatest moment of need because the Baird family is by our side.”
Learn more about Baird’s efforts to give back in the communities in which it operates in the 2017 Baird Foundation Annual Report.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 3,500 associates serving the needs of individual, corporate, institutional and municipal clients. Baird had $203 billion in client assets as of Dec. 31, 2017. Committed to being a great place to work, Baird ranked No. 12 on FORTUNE’s 100 Best Companies to Work For in 2018 – its 15th consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s website at www.rwbaird.com.
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