Bayer Corporation Renames its U.S. Foundation, Refocuses Charitable Giving Areas

Changes Align with Company's Global Philanthropy

14-Jan-2008

Bayer Corporation announced it has changed the name of its corporate philanthropic arm to Bayer USA Foundation (from Bayer Foundation) and, under the new name, refocused one of the Foundation's four strategic giving areas, while maintaining the other three.

Bayer USA Foundation is one of three global foundations in Bayer's corporate social responsibility (CSR) portfolio. The rebranding and refocusing of Bayer USA Foundation is part of the company's overall strategic alignment of its global philanthropic operations.

While focusing the activities within the global CSR concept of Bayer, the mission of the Bayer USA Foundation will essentially stay the same. Bayer USA Foundation will continue to support programs that enhance the quality of life; provide unique and enriching opportunities that connect diverse groups; and ensure preparedness for tomorrow's leaders - thereby, resulting in sustainable partnerships that continually improve communities in which Bayer employees live and work, as well as society at large.

Bayer USA Foundation's four giving areas include Arts and Culture; Education and Workforce Development; Environment and Sustainability; and Health and Human Services. The new category, Environment and Sustainability, replaces Civic and Social Service programs, which will now be incorporated into the Health and Human Services sector.

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