In accordance with our CREED, we strive to make a positive impact on the world and to be a responsible corporate citizen everywhere we operate. Our research and development teams are continuously on the hunt for innovative products and practices, and we continually work toward potential improvements in all aspects of our business.
We are always proud to support Quanex hometowns by donating annually to local nonprofit organizations. For fiscal 2021, the Quanex Foundation donated more than $620,000 to various charities, including $165,000 to the Barbara Bush Literacy Foundation and more than $22,000 to local food banks through our annual “Give Thanks, Give Back” program. Our international operations in turn donated more than $16,000 to nonprofits in the UK and Germany, bringing our direct charitable giving to approximately $636,000 for the fiscal year.
The Foundation also matches employee gifts to qualifying charities on a dollar-for-dollar basis up to $5,000 per employee per year. In Fiscal year 2021, the Foundation matched over $57,000 of employee contributions. During the year we introduced a new online portal for matching gifts, and as a result we have seen matching gifts increase more than 5x when compared to fiscal 2020.
The McHattie Scholarship
The McHattie Scholarship program awards dependent children of our employees with academic scholarships for continuing education. Each year, up to three scholarships are awarded in amounts ranging from $12,000 to $40,000, to be paid out over four years of undergraduate education.
→ Learn about Awards Quanex has Received