In recognition of employee contributions to its 2023 business performance, Andersen Corp. announced it will pay out $55.4 million, up to $4,400 per eligible employee, in 2023 to eligible employees as part of the company's annual profit sharing program.
Additionally, Andersen and its corporate foundation continued their longstanding commitment to philanthropy in 2023, donating $4.4 million to nonprofits working to improve lives and strengthen communities. Andersen's philanthropic contributions directly support organizations in the areas of housing, education, hunger and health care in communities where Andersen employees live and work.
Andersen's response to the profit sharing, donations
"Despite high interest rates impacting the housing market, Andersen continued to achieve remarkable growth in 2023. This success is a testament to the unwavering commitment, adaptability and resilience of our employees. We take pride in acknowledging our employees for embodying our core values and going above and beyond to consistently exceed customer expectations," says Chris Galvin, president and CEO, Andersen.
"Fostering community wellbeing demands a collaborative effort. We are proud to uphold our longstanding commitment to supporting organizations that make an impact in addressing critical issues within housing, health, hunger relief and education," says Eliza Chlebeck, vice president of communications and community, Andersen, and vice president and secretary, Andersen Corporate Foundation.
Andersen's philanthropy expanded in 2023
Andersen supports the nonprofits and causes that matter most to its employees with programs that encourage and recognize the sharing of time and talent as another way to give back. Through its "Dollars for Doers" and "Group Volunteer Grants" volunteer matching grant programs, Andersen provides grants in recognition of employee volunteer time, with employees tracking more than 16,000 hours towards these programs in 2023.
In 2023, Andersen's philanthropy expanded with its operations. In November, the company commemorated the start of construction on a new $420 million Renewal by Andersen manufacturing facility in Locust Grove, Georgia, with a donation to Southern Crescent Habitat for Humanity. The company also committed to donating windows for Southern Crescent Habitat for Humanity's home builds in 2024, furthering its commitment to supporting affordable housing and helping more families achieve their dream of stable homeownership.
