Our approach to company philanthropy is comprised of three main parts. The Tiffany & Co. Foundation was established as a critical piece of our global sustainability efforts and has contributed to long-term social and environmental change. Tiffany & Co.’s Corporate Giving program helps our Company support local communities and connect with our customers around shared values, such as the arts, environmental conservation and inclusion. We also support the issues our employees are passionate about through our Tiffany Cares program, which encourages employee giving and volunteering. Each year, we aim to donate at least 1% of our pre-tax earnings to charitable purposes. In 2019, our corporate contributions totaled approximately USD $8 million, or approximately 1.2% of pre-tax earnings.    

We believe that our tradition of corporate giving helps us connect with our customers and employees around shared values and interests, such as the arts, environmental conservation and inclusion. This tradition began when our founder, Charles Lewis Tiffany, and his son, Louis Comfort Tiffany, supported The Metropolitan Museum of Art and the New York Society of Fine Arts in our hometown of New York City. Today, we continue this tradition through our engagement with local and global organizations that further causes that are important to us.

As part of our unwavering commitment to diversity and inclusion, in 2020 we began partnerships with the Ali Forney Center, a leading organization that provides services for homeless LGBTQIA+ youth in the United States, and the National Urban League, a civil rights organization that works through its 90 affiliates across the United States to improve social and economic outcomes for the Black community. These partnerships are enabled, in part, through our Employee Resource Groups and reflect our dedication to advancing important conversations within our company and the wider community.

Tiffany & Co. has always had a powerful relationship with nature and a legacy of supporting wildlife conservation. As part of our ongoing efforts, we continue to donate 100% of profits from the Tiffany Save the Wild collection to the Wildlife Conservation Network for the protection of elephants, rhinos and lions and have raised over USD $8 million since 2017.

We also contribute to communities affected by climate change. In response to the devastating bushfires in Australia in late 2019 and early 2020, we donated to support local relief efforts focused on assisting communities, wildlife and volunteer firefighters.

Our Company’s cultural values guide us to “do the right thing” and “be brilliant together.” We empower our employees to take action on causes they are passionate about, and we multiply their impact by supporting their efforts. We do this in two ways: by matching employee donations to eligible nonprofit organizations dollar-for-dollar, and by donating USD $10 to eligible nonprofit organizations for every hour of volunteer time employees contribute, up to a combined annual matching donation of USD $1,000 per employee per year. We started Tiffany Cares in the U.S.; and more recently, we have expanded the program throughout Canada, Australia, New Zealand, Hong Kong, the U.K., Ireland, Singapore, Malaysia and Thailand and plan to continue to grow the program globally.