The strong cultural values that drive The Toro Company's success also play an important role in its support of the community and industry. In each of the last 14 years, Toro has donated two percent of its domestic pre-tax profits to community, employee and industry-focused programs.
Combined with other company contributions, in 2011, Toro gave more than $2 million to support the needs of communities and industry groups. Another area Toro employees give back is through volunteering at various organizations in their communities. In total, nearly 10,000 hours were volunteered last year.
The hallmark of Toro's community giving is matching employee donations to United Way organizations across the world. Another example is Toro's product donation program providing turf maintenance equipment to nonprofits for auction to help raise the necessary funds to maintain their operations. Toro also supports employee volunteering in the community. In 2011, employees teamed up to build playgrounds, grow vegetables for local food shelves, paint schools and community centers, and box food for the troops among others.
From a playground build at a school for the deaf in Asia, one of the school leaders commented by saying, "Toro's giving has set an example to the business entities of how to reward the society and be socially responsible," said Ms. Wei, director of the Guilin Charity Association. "It is also a good example of how charity activities can be international to service the whole human society."
In addition to supporting communities where employees live and work, Toro contributed over $200,000 to strengthen organizations impacting the turf industry. A long-time supporter of The First Tee, Toro continued equipment donations to chapters across the country and sponsored the fifth annual Future Leaders Forum, an educational program designed to help students broaden leadership skills, prepare for college, and explore career disciplines within the golf industry.
Along with Toro's support of the industry, the company assists employees' personal interests in volunteerism and reinforces the Toro culture with employee programs. Through the Toro scholarship program, dependents of employees may receive financial aid for school. The matching gift program matches employee donations to environmental or educational institutions. Dollars for Doers, provides grants to qualifying nonprofits where employees volunteer 30 hours or more of personal time.
"We are extremely proud of Toro's legacy of supporting our communities, and the time and financial resources our employees give to support these causes," said Judson McNeil, president of The Toro Foundation. "With primary focus on enhancing outdoor environments, we also place great emphasis on our commitment to education, the arts and civic programs - all to make our communities stronger and help grow our industry."
The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems. With sales of nearly $1.9 billion in fiscal 2011, Toro's global presence extends to more than 90 countries through its reputation of world-class service, innovation and turf expertise. Since 1914, the company has built a tradition of excellence around a number of strong brands to help customers care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields. More information is available at www.toro.com.
The Toro Giving Program
The Toro Giving Program is committed to beautifying and preserving outdoor environments, enhancing communities and improving people's lives. Through community, industry and employee programs, the Giving Program works to support its employee's personal volunteerism interests and the communities where they live and work. In 2011, The Toro Company donated over 2 million worldwide. Toro is proud to donate two percent of its pre-tax income back to its employees and their communities.More information available at www.thetorocompany.com/community.