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Sunday, March 16, 2008

Draper Laboratory and Employees Honored for Philanthropy Sept. 5, 2008

Draper employees were recognized as the tenth most generous in Massachusetts based on their charitable payroll deductions in 2007 by the Boston Business Journal (BBJ). In a separate ranking Draper Laboratory was recognized by the BBJ at its Corporate Citizenship Summit on Sept. 5, 2008, as one of the area's largest corporate charitable contributors based on donations made in Draper fiscal year 2007. 

BBJ compiled its list of most generous employees in Massachusetts by comparing total employee charitable payroll deductions in 2007 for philanthropic organizations in Massachusetts from employees in Massachusetts. The deductions by Draper employees that fit the criteria for BBJ's survey were for United Way of Massachusetts Bay and Merrimack Valley (UWMBMV); deductions directed to other United Way organizations, deductions by Lab employees outside Massachusetts, and donations to UWMBMV made by check or cash did not qualify for inclusion in BBJ's formula. By BBJ's calculations, during 2007 charitable payroll deductions by Draper employees in Massachusetts averaged $166.

Ranked by cash donations during 2007, Draper Lab placed #72 out of 78 in a list published in a supplement to the Sept. 5-11 issue of the Boston Business Journal. To be included in the list, companies had to have contributed at least $100,000 to Massachusetts nonprofit agencies in their 2007 fiscal years. Draper Laboratory's corporate cash contributions in DFY07 totaled $168,150. Included in that total was $125,000 disbursed through Draper's Corporate Contributions Program; a $10,000 grant to the Math, Science and Technology Initiative of the UWMBMV; Draper's in-kind donations; and other contributions made within the state of Massachusetts.

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