Vail Resorts, one of the world’s leading operators of ski resorts, with 10 ski centres in the US plus Perisher in Australia, has announced it has created a new foundation which will award $750,000 (£524,000) in annual grants to employees, aimed at providing emergency assistance in times of need and also to help fund education.
The new EpicPromise Foundation is being set up as a charity, and the company will contribute $500,000 (£349,500) per year to fund it, with Vail Resorts’ CEO Rob Katz making a personal one-time donation of $1.5 million (£1,05 million) to help establish the Foundation.
“The EpicPromise Foundation is another way for us to create that experience of a lifetime by supporting our employees in times of need and to ensure that they and their families can pursue their educational dreams. I feel very fortunate to be able to personally support this effort,” said Mr. Katz, adding, “The EpicPromise Foundation will be managed by our employees, for our employees.”
The EpicPromise Foundation grant application process will open in January 2016, with the first round of grants awarded in February 2016. Grants will be available for employees in times of need, when they are facing medical or family emergencies, as well as to help employees and their families achieve their educational dreams.