ESOP Association and Employee Ownership Foundation Kick off ESOPATHON

  • Month-Long Initiative Raising Resources for Foundation’s Critical Work Educating Private Business Owners With Succession Plans, Public Leaders, and Other Stakeholders About Value of Esops

The ESOP Association and the Employee Ownership Foundation announced the launch of the first annual ESOPATHON, a month-long fundraising drive to coincide with Employee Ownership Month in October and the Employee Ownership Foundation’s 30th Anniversary.

During ESOPATHON, ESOP community members and their peers are participating in fun, activity-based challenges to raise funds to support new and forward-leaning programming at the Employee Ownership Foundation. For most employee owners, their ESOP account represents one of their largest financial assets and a major portion of their retirement savings, but most Americans don’t have access to this economic benefit. As the Foundation looks toward the future, it will need funding to continue to document the benefits of our existing ESOPs while making them more widely available to all Americans. ESOPATHON is the Foundation’s effort to start raising the necessary resources to make this happen!

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“Our members are passionate about being employee owners and supporting the Employee Ownership Foundation’s mission to communicate and promote the values of ESOP companies,” said James Bonham, President of the Employee Ownership Foundation and CEO of The ESOP Association. “We’re looking forward to a great October as we celebrate Employee Ownership Month with a fun new initiative in support of the Foundation and our shared mission to champion ESOPs and encourage greater employee ownership opportunities nationwide.”

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For the last 30 years, the Employee Ownership Foundation has been the principal financial supporter for essential research at academic institutions regarding employee ownership. Academic findings have laid the foundation to ensure employee ownership is understood by key decisionmakers and can continue to be an option for more Americans. In addition, the Employee OwnershipFoundation supports employee owners and their companies through scholarships, fellowships, and special programming such as the Employee Owner Retreat and the University of Pennsylvania/ CEO Leadership training program.

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