As it prepares to close its doors at the end of the year, the Hitachi Foundation in Washington, D.C., has announced a final round of grants totaling $11 million.
Awarded as part of the foundation's Good Companies, Good Jobs Strategy, the unrestricted legacy grants include $4 million to the Aspen Institute's Economic Opportunities Program to launch a Good Companies, Good Jobs Initiative that will build on the foundation's Good Companies @ Work program and resources, including its Good Companies, Good Jobs Data Reporting and Analytics Tool.
In addition, the foundation awarded $4 million to the Massachusetts Institute of Technology Sloan School of Management in support of the Institute for Work and Employment Research and a new Good Companies, Good Jobs Initiative that will work to identify, develop, and advance management practices that are good for both business and society; and $3 million to Investors' Circle (IC) in Durham, North Carolina, in support of that organization's efforts to integrate the foundation's Entrepreneurship @ Work assets into its early-stage entrepreneur and impact investor programs.
The foundation will close its doors on December 31 as a result of Hitachi, Ltd.'s decision to restructure its global corporate social responsibility programs to be more region-specific and better aligned with the company's focus on social innovation.
"Anchored in these three remarkable institutions, we have an opportunity to build something that far exceeds the sum of its parts," said Hitachi Foundation president and CEO Barbara Dyer. "Our hope is that the collective efforts across this strategy will enable the nation to tilt toward optimism and replace fear with confidence as Americans succeed in making a living and businesses succeed because of their people. Through these financial gifts, we hope to build each organization's capacity and increase the number of good companies with good jobs across the United States."