Signet Jewelers Establishes Charity Foundation

MajorsAug 25, 2021

Signet Jewelers Establishes Charity Foundation

It will focus its efforts on underserved women and children, and social change advocacy.

Signet Jewelers established the Signet Love Inspires Foundation and will match select employee donations.
Akron, Ohio—Signet Jewelers has launched its Signet Love Inspires Foundation as it looks to bolster its charitable efforts.

The foundation will use grants to support 501(c)3 nonprofit charitable organizations in the United States, with a focus on underserved women and children as well as social change advocacy.

The jewelry giant recently mapped out its sustainability goals for the next decade, focusing on charity work, inclusion, climate change, and other people-focused initiatives.

Its foundation will encourage team members to focus on social causes that are important to the communities where they live and work.

The company will also match the personal donations of U.S. Signet employees to nonprofits, as long as they meet the criteria, which include being a 501(c)3 nonprofit and being based in the U.S.

It aims to align the charity’s grant-making policy with the United Nation’s Sustainable Development Goals, which includes reducing inequality and providing quality educational opportunities.

This year, the foundation already has provided grants to several nonprofit organizations, including Jewelers for Children, the Equal Justice Initiative, and The Trevor Project.

“Our Purpose is inspiring love. It’s based on a fundamental belief we hold dear: the more love there is in the world, the better the world is for all of us,” said Signet Jewelers CEO Virginia C. Drosos in a press release about the foundation.

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The foundation’s board of directors includes Drosos, Chief Financial Officer Joan Hilson, Senior Vice President and General Counsel Stash Ptak, and Senior Vice President and Chief Communications Officer Colleen Rooney.

The governance also includes officers, a grant committee, and a community impact coordinator.

“Our established governance structure enables us to measure impact at every level and communicate progress and results regularly in line with our environmental, social, and governance-related three loves: love for all people, love for our team, and love for our planet and products."

The company’s donations are provided through two other avenues as well.

In addition to the foundation, Signet also has established a team member relief fund, which provides financial grants to eligible team members in countries where the company operates to help them with financial hardship.

Signet also donates via cause marketing programs, including a 22-year partnership with St. Jude Children’s Research Hospital, which has raised $81 million to date.

To learn more about the Signet Love Inspires Foundation, visit the company’s website.
Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

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