Lp

The LP Foundation operates as the philanthropic arm of Louisiana-Pacific Corporation (NYSE: LPX), a prominent manufacturer of high-performance building products. Established in 1973, just months after its parent company was formed, the foundation functions as an independent 501(c)(3) nonprofit organization. It was created to channel corporate resources into community support, a mission it has pursued for over five decades. Since its founding, the foundation has contributed more than $23 million to various nonprofits and public schools.

Fully funded by LP Building Solutions, the foundation's operational model is centered on strategic grant-making and philanthropic programs rather than generating revenue. Its activities are guided by a Board of Trustees composed of LP team members appointed by the parent company's CEO. The foundation directs its support towards nonprofits and public schools, focusing on four primary areas: affordable housing, environmental stewardship, future workforce development in trades, and enhancing public STEM education. This strategy aligns with the core business and values of Louisiana-Pacific, which specializes in engineered wood products for the construction industry.

The foundation executes its mission through five key programs: Community Grants distributed by local LP teams, Disaster Relief, a Team Member Giving Match program, Board Service Grants for employees serving on nonprofit boards, and a significant national partnership with the Gary Sinise Foundation's R.I.S.E. program, which builds mortgage-free, specially adapted smart homes for severely wounded veterans. This partnership, initiated in 2022, represents an expansion of the foundation's focus to a national level, complementing its long-standing local community initiatives with both financial support and in-kind donations of LP's building products.

Keywords: LP Foundation, Louisiana-Pacific Corporation, corporate philanthropy, 501(c)(3) nonprofit, community grants, affordable housing initiatives, environmental stewardship, workforce development, STEM education support, disaster relief funding, employee giving match, veteran support programs, Gary Sinise Foundation partner, building materials industry, community investment, nonprofit partnerships, Nashville Tennessee, corporate social responsibility, grant making