Worthington Industries has donated $20m from the proceeds of its Nikola investment to the Worthington Industries Foundation to establish a charitable endowment in its name at The Columbus Foundation.
In addition to the $20m, the Worthington Industries Foundation has also announced $1m to help address increased needs such as food, housing and education, due to the coronavirus pandemic.
The company’s foundation will donate $500,000 to the Mid-Ohio Food Collective, $250,000 to the Community Shelter Board and $250,000 to the Bridging the Digital Divide fund at The Columbus Foundation.
Andy Rose, Worthington Industries’ President and CEO, said, “We are proud to use proceeds from this investment to not only benefit our company, our employees and shareholders, but also invest in our community in a way that it will benefit for many years to come.”
“In this extraordinary time, we wanted to prioritise the most basic needs and support the most vulnerable populations, providing increased opportunities for more people to thrive.”