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McLean, Virginia – Building on a 104-year commitment of passionate service to communities, Booz Allen Hamilton (NYSE:BAH) today announced the formation of the Booz Allen Foundation with an initial pledge of $5 million to support the foundation’s purpose, shared with the firm, to “Empower People to Change the World.”
The strategic intent of the foundation, a public charity, is to convene stakeholders to use innovation and technology advancements to help solve challenging social issues and build community resilience. The foundation’s primary focus areas are enhancements to global health, support for veterans and military families, youth and education programs, and to continue to support the charitable initiatives of Booz Allen employees. Additionally, the foundation will consider opportunities to assist in the recovery from declared disasters.
“We wanted to find a way to galvanize an even broader set of problem-solvers around Booz Allen’s purpose to empower people to change the world,” said President and Chief Executive Officer Horacio Rozanski. “Establishing an independent foundation to complement our ongoing corporate philanthropy is a great way to widen the circle and apply smart minds and advanced technology to build more resilient communities. We are excited that the foundation’s areas of focus include issues the people of Booz Allen have long cared about: veterans and military families, health care, and youth and education.”
The foundation, which operates separately from the firm, received its initial funding pledge and Internal Revenue Service approval in 2017, and has made its first grant of $129,000 to the American Red Cross in support of disaster relief as a matching gift to Booz Allen employee donations. In coming months, following the hiring of an executive director, detailed plans for the foundation and its giving will be developed and announced.
The firm and its employees live the value of passionate service well beyond the traditional work day—jumping in to empower communities and find new, sustainable solutions. For example:
In its focus on community resiliency, the Booz Allen Foundation will build on this legacy of commitment to the communities where we live and work, as it encourages partners to leverage technology and creative ideas to allow these communities to strengthen and advance.
About Booz Allen
For more than 100 years, business, government, and military leaders have turned to Booz Allen Hamilton to solve their most complex problems. They trust us to bring together the right minds: those who devote themselves to the challenge at hand, who speak with relentless candor, and who act with courage and character. They expect original solutions where there are no roadmaps. They rely on us because they know that—together—we will find the answers and change the world.
We solve the most difficult management and technology problems through a combination of consulting, analytics, digital solutions, engineering, and cyber expertise. With global headquarters in McLean, Virginia, our firm employs approximately 24,600 people globally, and had revenue of $6.17 billion for the 12 months ended March 31, 2018. To learn more, visit www.boozallen.com. (NYSE: BAH)