ELKO – Nevada employees of Newmont Mining Corp. pledged $1.34 million to nonprofit organizations in the state through the 2019 Legacy Fund Campaign, a charitable workplace giving program in its ninth year with 72 percent employee participation.
Newmont, a leading gold and copper producer, will match employee contributions, bringing the total to $2.7 million. The company announced the total Oct. 25.
“These impressive numbers might quantify our employees’ generosity, but that’s only part of a bigger picture,” said Ostler. “When it comes to helping our communities, Newmont and our employees offer so much more than just dollars. We are all proud and honored to be a respected partner with our communities, and the success of this latest Legacy Fund campaign demonstrates that.”
At Newmont’s Cripple Creek & Victor Mine in Colorado, the campaign concluded its second year with 40 percent employee participation and a record high amount pledged of $154,000, which will support more than 50 area nonprofit organizations.
The combined Nevada and Colorado campaigns total $2.8 million that will benefit communities in both states.
The Newmont Legacy Fund includes an employee giving campaign to fund today’s needs, along with a community endowment fund to support community needs in the future, the company stated. Through the employee giving portion of the program, Newmont employees can donate to nonprofit organizations of their choosing.
“What makes the Newmont Legacy Fund different from many other donation programs is that it allows our people to direct their contributions to organizations, programs and services that are meaningful to them,” said Nancy Ostler, executive director of the Newmont Legacy Fund. “Not only does Newmont match employee donations, but we also cover all overhead and administrative costs, so 100 percent of employee donations reach their designated nonprofits.”
The Newmont Endowment Fund is now valued at more than $2.7 million. The Endowment Fund is the financial legacy that Newmont will leave for communities across the region if and when Newmont’s operations cease in the area.
“Newmont employees are the driving force that makes the Legacy Fund so successful,” said Andrew Woodley, Newmont North America’s regional senior vice president. “Creating value and improving lives is part of our culture as evidenced by our people’s generous contributions of their money, time and talents to strengthen the health and vitality of our local communities. Newmont and our employees have much to be proud of for supporting our communities at this significant level, year after year.”
The company’s operations are primarily in the United States — including major mines in Nevada — Australia, Ghana, Peru and Suriname. Newmont was founded in 1921 and has been publicly traded since 1925.
For the 2018 campaign, Newmont's 75 percent of Nevada employees participated, pledging a record $1.45 million. The total was $2.9 million with the company match.