(Columbus, Ohio) Dec. 18, 2019 – Nine months after Installed Building Products, Inc. (NYSE: IBP), an industry-leading installer of insulation and building products, launched the Installed Building Products Foundation, the organization has exceeded its goal of donating $1 million to nonprofits and individuals.
Since March, the IBP Foundation’s Major Grants program has awarded $825,000 to nonprofit organizations that provide home-building or renovation services for those in need. Those nonprofits include: Habitat for Humanity of Ohio, Compassion Outreach Ministries of Ohio, House of Heroes – Chattahoochee Valley, Community Housing Network, the Columbus Housing Partnership’s Homeport, Melissa’s House, Star House and Creative Living.
Star House will be sponsored at the $70,000 level to support Carol Stewart Village, a new neighborhood for 18- to 24-year-olds that, beginning in mid-2020, will offer studio apartments, as well as on-site jobs, education, health care and intentional community through mentoring and neighborhood engagement.
In addition to the Major Grants program, there are several Foundation initiatives for IBP employees, including an emergency financial assistance program, a fund to support matching gifts for donations of time or money, and a scholarship program, which so far has committed $327,000 to the company’s employees and their family members.
“When we launched the Foundation, we were excited to give back to our employees and those deserving nonprofits focused on providing critical housing needs,” said IBP Foundation President and IBP Director of Marketing and Communications, Kelly Clifford Riehl. “Looking back at the progress we’ve made over the last nine months is so gratifying -- we’ve sparked change in the lives of our employees who want to accomplish their dreams, and boosted nonprofits who are providing homes for those in need. We look forward to expanding our impact as the Foundation continues to grow.”
Funds are distributed by The Columbus Foundation and made possible through executive and board member contributions, IBP contributions, and employee contributions and are available to employees across IBP’s locations nationwide. For more information, or to apply for community grants, visit installedbuildingproducts.com/community.