SPX Corp. CEO Chris Kearney Commits $1 Million to Charitable Causes

The Contribution Will be Managed by Foundation For The Carolinas 


CHARLOTTE, N.C., March 23  /PRNewswire/ -- Chris Kearney, President and CEO of the SPX Corporation, and his wife Susan have committed $1 million dollars to support charitable causes in North and South Carolina through the newly- created Chris and Susan Kearney Fund. The fund will be managed by Foundation For The Carolinas.

The Chris and Susan Kearney Fund will be established as an individual donor-advised fund. Donors provide an initial contribution of $10,000 or more to create a donor-advised fund at the Foundation, which currently holds more than 1,000 such funds. Donor-advised funds allow a donor to be actively involved with the Foundation in recommending how the fund's grants are distributed.

"Susan and I are committed to making a difference in the Carolinas. We believe it is important to give back and help our region grow and prosper," Chris Kearney said. "I have always challenged our associates at SPX around the globe to be involved in their local community. I am pleased to be leading that effort here."

Headquartered in Charlotte, North Carolina, SPX Corp. is a Fortune 500 multi-industry manufacturing company and a leading global provider of flow technology, test and measurement solutions, thermal equipment and services, and industrial products and services.

"We are pleased that Chris and Susan have decided to join our family of donors," said Michael Marsicano, President and CEO of Foundation For The Carolinas. "This gift has the ability to make a lasting impact in the region."

About Foundation For The Carolinas: Foundation For The Carolinas is a nonprofit community foundation serving donors and a broad range of charitable purposes in North and South Carolina. With assets of $601 million, the Foundation encourages and makes possible philanthropic giving by individuals of all means to benefit their communities. Visit http://www.fftc.org/. 

DATASOURCE: Foundation for the Carolinas



CONTACT:  Lisa Torgler, Vice President of Communications, Foundation For

The Carolinas, [phone] or 



Web site:  http://www.fftc.org/ 

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