Generac Holdings' Impactful Year for Community Support
Generac Holdings (NYSE: GNRC), a prominent global leader in energy technology solutions, has marked a remarkable achievement in its charitable endeavors, reaching new heights with its "Power Up With Purpose" initiative. Recently, Generac proudly announced that it has raised a staggering $94,000 to benefit ToolBank Disaster Services, an organization dedicated to assisting communities in need during times of crisis.
Supporting ToolBank Disaster Services
The funds collected will go towards acquiring and outfitting a mobile disaster-response tool trailer, which will be operated by ToolBank Disaster Services. This non-profit organization plays a pivotal role in dispatching tool-equipped trailers managed by skilled professionals, offering vital support to volunteers involved in cleanup and rebuilding efforts at no cost to affected communities. This initiative is crucial as it underscores the collaborative spirit fostered by companies like Generac.
Trey Bearden, CEO of ToolBank USA, emphasized this sentiment, stating, "Thanks to support from Generac, we can continue to bring the tools to any location in the continental United States, Hawaii, and Puerto Rico. With extreme weather events on the rise, we are better prepared to serve those in need with the right tools for the job. Opportunities like this, along with partners like Generac, enhance our capacity to respond effectively."
Growth of the Power Up With Purpose Initiative
The "Power Up with Purpose" initiative was launched as a way for Generac to give back to the communities it serves. Generac generates funds through the sale of "Power Up with Purpose" pit passes at its Generac Power Stage, in collaboration with Miller High Life during Summerfest festivities. Since its inception, the program has amassed a total of $233,078 in donations, supporting various charities each year.
Tami Garrison, Senior Director of Social Responsibility at Generac, highlighted the program's success, saying, "This is the most money raised in a single year through the Power Up with Purpose initiative. Our partnership with ToolBank has been particularly meaningful, as it amplifies Generac's long-standing commitment to disaster response. It helps communities rebuild economically and physically following severe weather events."
Achievements During Summerfest
Generac exceeded its fundraising goal of $50,000 just two weeks into Summerfest, which took place over three weekends in June and July. Summerfest, celebrated in Wisconsin, is one of America's most esteemed music festivals, drawing in large audiences for unforgettable live performances.
Throughout the event, the Generac Power Stage showcased a diverse lineup of artists, including popular bands such as Plain White T's, Motion City Soundtrack, The Head and the Heart, and The Psychedelic Furs, enriching the experience for attendees and fans alike.
About Generac Holdings
Generac has established itself as a comprehensive energy solutions provider, devoted to empowering individuals to harness energy on their own terms. Founded in 1959, the company is a leading designer and manufacturer of a wide array of energy technology solutions, including power generation equipment, energy storage systems, and energy management devices. Generac revolutionized the market by introducing the first affordable backup generator and subsequently creating the automatic home standby generator category. The company's ongoing mission is to power a smarter world by advancing resilient, efficient, and sustainable energy solutions.
Contact Information
For media inquiries, please contact Jonathan Stern at (312) 402-7167.
Frequently Asked Questions
What is the "Power Up With Purpose" initiative?
The "Power Up With Purpose" initiative is a fundraising program by Generac that supports various charities, particularly focusing on disaster relief.
How much money has Generac raised for ToolBank Disaster Services?
Generac has raised approximately $94,000 for ToolBank Disaster Services as part of its fundraising efforts.
What does ToolBank Disaster Services do?
ToolBank Disaster Services provides tool-equipped trailers and skilled personnel to assist volunteers during cleanup and rebuilding efforts in disaster-affected areas.
When was the "Power Up With Purpose" initiative launched?
The initiative was launched in 2023 as a way for Generac to give back to its local communities.
What is Generac's mission?
Generac's mission is to empower individuals to utilize energy effectively and sustainably while leading the evolution towards more resilient energy solutions.
