The GE Foundation, under fresh leadership today with the appointment of executive Ann Klee as its new president, last year donated $3.8 million to Kentucky non-profits, including $1.1 million to five Louisville health centers. And the company itself contributed another $417,000.
But it’s unclear how much of that support will continue in the future, after the conglomerate sold its GE Appliances division last month to China-based Haier for $5.6 billion. The deal included 6,000-employee Appliance Park in the city’s south end, a fixture since it opened nearly 65 years ago.
Corporate foundations tend to favor communities where they have employees. In April, GE pledged to donate $50 million over five years to philanthropic causes in Massachusetts, as it prepares to move its corporate headquarters to Boston from Fairfield, Conn. In 2014, the foundation gave $85.9 million to charities, according to its most recent IRS tax return.
Klee, the new president, runs GE’s Environment Health & Safety. She’s replacing Deborah Elam, who’s retiring from the company at the end of the year.