Nevada Mining Blog

Newmont’s 2017 Legacy Fund campaign shatters previous records

ELKO, Oct. 24, 2016 – Celebrating the conclusion of its seventh annual Newmont Legacy Fund employee giving campaign, Newmont Mining Corporation announced today that the latest company-matched donation pledges represent an all-time Legacy Fund high of $2.63 million. During the recent campaign, 73.5 percent (more than 2,500) of Newmont’s Nevada employees pledged a combined $1.316 million, which will be deducted from their 2017 paychecks to assist more than 200 non-profit organizations across northern Nevada next year. Newmont will match those donations dollar for dollar, producing a grand total of $2.63 million that will be distributed quarterly to employee-specified non-profit groups and programs.

The Legacy Fund campaign has consistently celebrated success after success each year since it began in 2011. During the first year, 54 percent of Newmont Nevada employees donated a total of $650,000. This is the fifth consecutive year in which 70 percent or more of their employees have participated in the campaign and generated more than $2 million for northern Nevada communities. “Our employees are the real key to the Legacy Fund’s ever escalating success,” said Gary Dowdle, interim Regional Senior Vice President for Newmont North America. “It’s in Newmont’s culture to give back to our local communities, which have been unyieldingly supportive of our business over the years. Our people regularly contribute generous amounts of their money, time, energy and talents to their communities, and the Legacy Fund is an extension of that generosity.”

The Newmont Legacy Fund program encompasses a direct, employee giving campaign, a community contributions program and a community endowment fund to assist in meeting future community social service needs. Through the employee giving portion of the program, Newmont employees can donate to non-profit organizations of their choosing. “What makes the Legacy Fund different from many other donation programs … and why it continues to be so popular among our employees … is that it allows people to direct their personal contributions to organizations, programs and services important to them,” said Rhonda Zuraff, Director of Communications and External Relations for Newmont North America, who added, “and not only does Newmont match employee donations, but we also cover all overhead and administrative costs separately, so all of the Legacy Fund money is distributed among the non-profits designated by the employees.”
Parallel to the rising success of the Newmont Legacy Fund has been the steady growth of its adjoining Endowment Fund, which is now valued at more than $1.6 million. The Endowment Fund, which has grown by as much as $200,000 or more per year, is set up to help support the northern Nevada communities long after Newmont is gone from the area. Newmont has been in Nevada for more than 50 years, and this fund is a financial Legacy that Newmont will leave for their host communities.

“Thank you to all of our participating employees and campaign coordinators, who continue to make the Legacy Fund a great success year after year,” commented Gary Dowdle. “They exemplify Newmont’s commitment to the betterment of our local communities.”

“These impressive numbers might quantify our employees’ generosity, but that’s only part of a bigger picture,” said Rhonda Zuraff.” When it comes to helping out our communities, Newmont and our employees offer so much more than just dollars. We are all supremely proud to be a respected partner with our communities, and this latest Legacy Fund campaign demonstrates that pride.”

About Newmont
Newmont is a leading gold and copper producer. The Company’s operations are primarily in the United States, Australia, Ghana, Peru, Indonesia and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015 and 2016. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.

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