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- EIN 94-2779937
- (415) 501-6154
- 1155 Battery Street Ls7 San Francisco CA 94111 USA
- redtabfoundation.org
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Nonprofit Overview
Causes: Disaster Aid, Human Services, Unknown
Mission: The red tab foundation supports members of the ls&co. Community in maintaining and building a secure financial future through global charitable programs. In service of this mission, the foundation provides short term financial aid to levi strauss & co. Employees and retirees following unexpected emergencies. The foundation also provides basic necessities to low income retirees who typically face various financial issues and forms of distress due to their advanced age. In addition, the foundation provides education and asset-building programs to help these individuals in their own efforts to maintain their financial, physical and emotional health.
Programs: Global grant programsin fiscal year 2017, the global grants program assisted 732 individuals who were facing financial emergencies and who were unable to meet their basic needs. These grants secured such critical necessities as housing, transportation, food, and medical care, and improved the quality of life for vulnerable seniors through eyeglasses, hearing aids, dental care, and handicap accessories.
global scholarship programthe red tab scholars program provided need-based funding for higher education to 38 dependents of ls&co. Employees and retirees in fiscal year 2017. The vast majority of these students would not have continued their educations without the assistance of this scholarship, so our program significantly impacted the positive trajectory of their lives and future earnings. In addition to enabling further education, participants in the scholarship program reported improved levels of confidence in their abilities to succeed due to being enrolled in the program.
asset building the red tab savers program is a matched savings program that incentivizes employees to set aside part of their paycheck for short-term savings over a period of six months. The red tab foundation by providing a $1:$1 match with a cap of $535, helps low-income employees build a financial safety net and improves their skills and confidence with regards to regular savings. Research shows that over 80% of participants in programs like these continue to save on a regular basis after the program has finished. In fiscal year 2017, 33 individuals participated in red tab savers and built their own emergency savings fund.