COMMITMENT TO CORPORATE GIVING
Lexmark’s commitment to its communities takes tangible form in donations of equipment, providing volunteers and offering financial support to worthy organizations working to meet the challenges and needs of modern society. Responsible corporate citizenship is good business. Lexmark applies the same standards of excellence to its contribution and community support activities that it uses in all business practices.
| 2010 U.S. Charitable Giving | |
| Lexmark Scholars Academic scholarships to employee dependents in the U.S. |
$122,000 |
| United Way U.S. employee pledges of cash and in-kind gifts totaling more than $1 million, including Lexmark’s $206,000 corporate contribution, once again made it the largest supporter of United Way of the Bluegrass. |
$1,001,358 |
| Other cash and equipment donations | $850,000 |
| Total giving | $1,973,358 |
CORPORATE GIVING PROGRAM
As outlined in the Lexmark Vision and Values, we strive to be good corporate citizens in the communities where our employees live and work. Our commitment to local, national and global communities is visible in the contributions of financial, equipment and volunteer support to organizations working to help meet the challenges and needs of modern society.
We apply the same standards of excellence to our contribution and community support activities that we use in our business operations.
Our Corporate Giving Program in the U.S. focuses on employee volunteerism and educational excellence, specifically in the areas of science, technology, engineering and math (STEM). Lexmark contributes to schools and non-profit organizations that have tax-exempt status under Section 501(c)(3) of the U.S. Internal Revenue Code.
Lexmark did not make any charitable contributions that exceeded the greater of $1 million or two percent of a charitable organization’s consolidated gross revenues, to any charitable organization for which a member of the Board served as an executive officer. The Board’s conformance with this guidance prevents potential conflict of interest issues regarding our charitable giving practices.
Equipment Donations
Requests for donations of new and used printers to qualified non-profit organizations will be considered on an ongoing basis. Priority is given to organizations in which Lexmark employees serve as volunteers. Please specify in your request if your organization will accept used equipment. Printers may also be requested for donation to fundraising auctions or events sponsored by qualified non-profit organizations.
Lexmark China's Contributions Lexmark China employees again volunteered to make their annual donation to the Rupei Primary School and to the Yushu,Qinghai earthquake victims. Employees of Lexmark China also volunteered for participation in Earth Hour and participated in the annual Free Rice activity. |
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Lexmark LIPI Contributions The Lingap Children’s Development Center Inc. houses, protects and promotes the welfare of the disadvantaged children of Toledo City. It is a center where the rights of the abused, abandoned and exploited children of the community are protected. The Center provides rehabilitative, preventive and protective social services. Lexmark International Philippines, Inc. (LIPI) provides learning materials such as books and children’s magazines and has already created a mini-library inside the Center. In addition, two personal computer units were donated to the Center in October, greatly enhancing the educational opportunity for the children in information and technology. |
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POLITICAL CONTRIBUTIONS AND LOBBYING
Lexmark is committed to transparency in its political dealings and relationships. No financial or in-kind political contributions have been made in non-U.S. countries where we do business or at the national level in the U.S. in 2010. On the rare occasions that state-level contributions are made, they are reviewed through a rigorous process and must be approved by the Chief Executive Officer.
POLICY ON POLITICAL CONTRIBUTIONS AND LOBBYING
Lexmark makes contributions or provides other forms of support to a political party, committee or candidate only when permitted by law and approved by the Chief Executive Officer. On the rare occasions that Lexmark makes political contributions, they are reported to the appropriate state or federal political/ethics authorities and published on their respective Web sites.