New Balance Foundation Contributes $1.05 Million to Two Ten

The New Balance Foundation has announced a significant contribution of $1,050,000 to the Two Ten Footwear Foundation, a non-profit organization dedicated to supporting the footwear industry. This donation aims to assist industry workers in need and strengthen the community that has been impacted by economic challenges.

Founded in 1982, the Two Ten Footwear Foundation provides critical support through various initiatives, including financial assistance, scholarship programs, and mental health resources. The latest funding from the New Balance Foundation will enhance these efforts, ultimately benefiting many individuals and families in the footwear sector.

Impact on the Footwear Community

The donation comes at a time when the footwear industry has faced numerous challenges, including the economic fallout from the COVID-19 pandemic. Many workers within the sector rely on organizations like Two Ten for support, making this contribution particularly impactful.

Rob DeMartini, the CEO of New Balance, emphasized the importance of community support. “Our commitment to the footwear industry goes beyond just producing shoes. We believe in giving back to those who have supported us throughout our history,” he stated. This sentiment resonates with employees and consumers alike, reinforcing the brand’s dedication to social responsibility.

The contribution will not only provide immediate relief to those in need but also foster long-term sustainability within the industry. Programs funded by the donation are expected to create a more resilient community, allowing workers to navigate economic uncertainties more effectively.

Long-standing Partnership and Future Initiatives

The New Balance Foundation has a long-standing relationship with the Two Ten Footwear Foundation, having previously supported its initiatives through various donations and partnerships. This latest donation marks a continued commitment to investing in the well-being of the footwear workforce.

As the industry looks towards recovery, initiatives funded by this donation will focus on areas such as job training, health services, and educational scholarships. By addressing these core needs, the partnership aims to empower individuals in the footwear community, ensuring they have the resources necessary to thrive.

In conclusion, the $1,050,000 donation from the New Balance Foundation to the Two Ten Footwear Foundation represents a crucial step in supporting the footwear industry during a challenging period. This partnership exemplifies how corporate responsibility can play a pivotal role in fostering community resilience and advancing the well-being of workers in the sector.