Samsung has announced a $1 million donation to support relief and recovery efforts following recent floods in Texas. The company selected the Rebuild Texas Fund, which operates under the OneStar Foundation, to help distribute $900,000 of this donation to communities most affected by the flooding.
Rebuild Texas Fund collaborates with local leaders and organizations to address unmet needs and funding gaps after disasters. Samsung will work alongside the fund to ensure resources are directed where they are needed most.
An additional $100,000 is being targeted through Samsung’s employee giving program. This includes corporate matching donations for three community funds: Community Foundation of the Texas Hill Country flood relief fund; Central Texas Community Foundation; Travis County Cares; and Wilco Cares, which support relief operations in Travis and Williamson Counties.
Bonyoung Koo, president of Samsung Austin Semiconductor, stated: “Our hearts are with the communities and families who have been impacted by the catastrophic flooding in Texas. As a proud Texas-based company for nearly 30 years, we are deeply committed to supporting our neighbors and helping them recover from these devastating floods.”
Flooding throughout July has caused significant damage across 21 counties in Texas and resulted in loss of life.
Chris Bugbee, president and CEO of OneStar Foundation, said: “Samsung and Texas have a strong partnership that goes beyond business. Samsung is dedicated to Texans and they’re deeply rooted in our state. With this donation they will help provide much-needed assistance to those who need it most.”
Beyond financial contributions, Samsung employees have volunteered at flood recovery sites as part of its #WeChipIn initiative.
Samsung Austin Semiconductor employs about 4,500 people locally. The facility has operated in Central Texas for nearly three decades as part of Samsung’s global semiconductor manufacturing network. More information about their activities can be found at https://semiconductor.samsung.com/sas
