SPX Corp. CEO Chris Kearney Commits $1 Million to Charitable Causes
March 23 2007 - 2:14PM
PR Newswire (US)
The Contribution Will be Managed by Foundation For The Carolinas
CHARLOTTE, N.C., March 23 /PRNewswire/ -- Chris Kearney, President
and CEO of the SPX Corporation, and his wife Susan have committed
$1 million dollars to support charitable causes in North and South
Carolina through the newly- created Chris and Susan Kearney Fund.
The fund will be managed by Foundation For The Carolinas. The Chris
and Susan Kearney Fund will be established as an individual
donor-advised fund. Donors provide an initial contribution of
$10,000 or more to create a donor-advised fund at the Foundation,
which currently holds more than 1,000 such funds. Donor-advised
funds allow a donor to be actively involved with the Foundation in
recommending how the fund's grants are distributed. "Susan and I
are committed to making a difference in the Carolinas. We believe
it is important to give back and help our region grow and prosper,"
Chris Kearney said. "I have always challenged our associates at SPX
around the globe to be involved in their local community. I am
pleased to be leading that effort here." Headquartered in
Charlotte, North Carolina, SPX Corp. is a Fortune 500
multi-industry manufacturing company and a leading global provider
of flow technology, test and measurement solutions, thermal
equipment and services, and industrial products and services. "We
are pleased that Chris and Susan have decided to join our family of
donors," said Michael Marsicano, President and CEO of Foundation
For The Carolinas. "This gift has the ability to make a lasting
impact in the region." About Foundation For The Carolinas:
Foundation For The Carolinas is a nonprofit community foundation
serving donors and a broad range of charitable purposes in North
and South Carolina. With assets of $601 million, the Foundation
encourages and makes possible philanthropic giving by individuals
of all means to benefit their communities. Visit
http://www.fftc.org/. DATASOURCE: Foundation for the Carolinas
CONTACT: Lisa Torgler, Vice President of Communications, Foundation
For The Carolinas, +1-704-973-4555 or Web site:
http://www.fftc.org/
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