Las Vegas, Nev. — The Power Transmission Distributors Association (PTDA) Foundation announced at the PTDA 2005 Industry Summit in October that it raised almost US$163,000 in 2005, representing a 42% increase in contributions compared to 2004.
Highlights from the 2005 Foundation Fund Drive include:
— 143 companies, organizations and individuals contributed a total of $162,868.
— 24 companies, organizations and individuals supported the Foundation for the first time with donations totaling $39,370.
— 66 companies made leadership-level donations of $1,000 or more in 2005, including 22 first-time contributors at this level (among them, Machinery & Equipment MRO magazine).
— Of continuing supporters, 31% increased their contribution over the previous year.
The PTDA Foundation, whose work is funded solely by donations, was founded in 1982 to enhance knowledge, education, professionalism and productivity within the power transmission/motion control (PT/MC) industry.
The Foundation’s core initiative, the Industrial Careers Pathway (ICP), is designed to recruit entry-level employees to the industrial distribution channel; develop programs to teach business, technical and distribution basics; and create affordable resources for current employee development.
For more information or a complete list of donors, visit www.idcareers.org.