Lloyd Cos. to give away $52K to mark 52 years — to causes employees choose
Feb. 14, 2024
Lloyd Cos. is looking for more than two dozen nonprofits it will recognize in celebration of 52 years in business.
The company started giving away $1,972 to various nonprofits two years ago for its 50th anniversary year — because Lloyd was founded in 1972.
The effort was popular with employees, who get to vote to select the winning causes, so Lloyd is bringing it back this year and awarding $1,972 to 26 nonprofits throughout 2024.
“Although the $52,000 is just a fraction of our giving budgeted this year, we think it’s a great way for our employees to be involved in our giving. Our employees loved being a part of it in 2022, and we loved getting to learn more about the amazing efforts happening in the communities we serve,” said Mary Lloyd-Huber, who is helping coordinate the effort.
The deadline to nominate for the first quarter is March 15, and Lloyd’s culture committee will review the applications.
“It can be a lot! Last time, we had 90 or so applications coming in every month. The selection committee will take all applications submitted in each quarter, narrow them down and then send the top 10 out to our entire team to vote on. This is a way for us to learn more about our team members – we hope all 400-plus of them take the time to vote on where the funds should go,” Lloyd-Huber said.
“This, of course, doesn’t represent all our giving at Lloyd, but we love that it’s a way to empower all our employees to share in our philanthropy and how it reflects our mission of improving quality of life for communities across our region.”
Funds stay in the communities Lloyd serves, which includes Sioux Falls. The hope is to recognize nonprofits that are registered 501(c)3 organizations and provide education, food, shelter or health services.
Those who received a 1972 Award during the anniversary year are eligible to apply again. Multiple nominations are encouraged, and applications can be resubmitted each quarter if they aren’t funded.
“Really, the more the merrier for nominations,” Lloyd-Huber said. “The more stories we get, the better. We enjoy seeing creativity and are moved by stories that touch your heartstrings. We want to know about the organization’s mission, but we really want to get a sense for the impact that it’s having.”
