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Les Schwab's new foundation is giving $100,000 to Silver Rail Elementary recovery

The Bend Daily News teamFrom today’s edition · 1 min read · 3 sources

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Les Schwab Tires has created the Les Schwab Foundation, and its first gift is $100,000 for recovery from the Oct. 15 tragedy at . The Bend-based company announced the foundation Tuesday, Oct. 27. KOBI-TV NBC5 says the money will support students, families and educators.

  • $40,000: Silver Rail Elementary and its parent-teacher organization
  • $30,000: other Bend-La Pine Schools
  • $30,000: , for needs as they emerge

The $100,000 gift splits three ways

The Les Schwab Foundation's first gift, $100,000, by where it comes from and where it goes

Comes from

$100,000

Goes to

$100,000 Les Schwab Foundation 100%
$40,000 Silver Rail and its PTO 40%$30,000 Other Bend-La Pine schools 30%$30,000 Oregon Community Foundation 30%

Comes from

  • $100,000 Les Schwab Foundation 100%

$100,000

Goes to

  • $40,000 Silver Rail and its PTO 40%
  • $30,000 Other Bend-La Pine schools 30%
  • $30,000 Oregon Community Foundation 30%

Sources: Central Oregon Daily, KTVZ

View as table
AmountShare
From: Les Schwab Foundation$100,000100%
To: Silver Rail and its PTO$40,00040%
To: Other Bend-La Pine schools$30,00030%
To: Oregon Community Foundation$30,00030%

“With Silver Rail being here in our hometown and having employees directly impacted, it hit home very close.”

Tom Nolan, Les Schwab chairman and CEO

The foundation will also help Les Schwab employees, support nonprofit partners and respond to future crises. The split comes from the company's announcement, and the foundation is developing a way for people and organizations to request assistance.

Les Schwab's foundation starts with a hometown gift

$100,000
in the foundation's first donation
75 years
of the company's belief in giving back
Almost 640
Les Schwab stores around the country

Sources: KTVZ, Central Oregon Daily, KOBI-TV NBC5 / KOTI-TV NBC2

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