Hologic announces $ 5 million donation for Giving Tuesday
Hologic announced Tuesday that it will donate $ 5 million to benefit women’s health, science, technology, engineering and math (STEM) education programs as well as social and racial equity programs.
The medical technology company – which focuses on women’s health and develops devices for diagnostics and medical imaging – chose to announce its philanthropic plans on Giving Tuesday, as the annual event aligns with the mission of the company.
Giving Tuesday is an annual one-day event that strengthens the spirit of community giving. Last year, $ 2.47 billion was raised in the United States in a single day of donations, according to GivingTuesday, the independent nonprofit that supports the global movement.
âAt Hologic, we ‘do good while doing good’. The better we do, the more we can enable healthier, more productive lives everywhere, every day, âHologic CEO Steve MacMillan said in an email. âWe have a great foundation on which to build, a goal that everyone can rally around and a very committed workforce to make it happen. “
The increase in corporate donations will be distributed in two ways, primarily through the Hologic Fund advised by donors to the San Diego Foundation. According to a spokesperson for the company, Hologic will invite nonprofits to submit requests for charitable support and the company will identify nonprofits that excel in the causes they champion.
MacMillan said the company’s charitable efforts ensure its commitment to improving women’s health, STEM education for disadvantaged students, and social and racial justice initiatives in the communities where they live and work.
The biotech company plans to primarily distribute the $ 5 million over the coming year to charities that serve areas where their facilities are located:
- $ 1 million around Marlborough, Mass., Where Hologic is headquartered and where employees work on cytology, breast and skeletal health, and gynecologic surgical products.
- $ 1 million around San Diego, the company’s largest facility, where teams are creating molecular diagnostic tests for COVID-19, cervical cancer, and other major health issues.
- $ 1 million near its other major US sites.
- $ 1 million near Hologic international sites.
- $ 1 million to support its internal âPartners in Givingâ program, which complements donations from US employees to selected charities.
Hologic has more than 5,500 employees worldwide and nearly 1,200 employees in San Diego. The company was founded in 1985 and trades its shares on the NASDAQ.