Signet Jewelers Establishes Charity Foundation

MajorsAug 25, 2021

Signet Jewelers Establishes Charity Foundation

It will focus its efforts on underserved women and children, and social change advocacy.

Signet Jewelers established the Signet Love Inspires Foundation and will match select employee donations.
Akron, Ohio—Signet Jewelers has launched its Signet Love Inspires Foundation as it looks to bolster its charitable efforts.

The foundation will use grants to support 501(c)3 nonprofit charitable organizations in the United States, with a focus on underserved women and children as well as social change advocacy.

The jewelry giant recently mapped out its sustainability goals for the next decade, focusing on charity work, inclusion, climate change, and other people-focused initiatives.

Its foundation will encourage team members to focus on social causes that are important to the communities where they live and work.

The company will also match the personal donations of U.S. Signet employees to nonprofits, as long as they meet the criteria, which include being a 501(c)3 nonprofit and being based in the U.S.

It aims to align the charity’s grant-making policy with the United Nation’s Sustainable Development Goals, which includes reducing inequality and providing quality educational opportunities.

This year, the foundation already has provided grants to several nonprofit organizations, including Jewelers for Children, the Equal Justice Initiative, and The Trevor Project.

“Our Purpose is inspiring love. It’s based on a fundamental belief we hold dear: the more love there is in the world, the better the world is for all of us,” said Signet Jewelers CEO Virginia C. Drosos in a press release about the foundation.

 Related stories will be right here … 

The foundation’s board of directors includes Drosos, Chief Financial Officer Joan Hilson, Senior Vice President and General Counsel Stash Ptak, and Senior Vice President and Chief Communications Officer Colleen Rooney.

The governance also includes officers, a grant committee, and a community impact coordinator.

“Our established governance structure enables us to measure impact at every level and communicate progress and results regularly in line with our environmental, social, and governance-related three loves: love for all people, love for our team, and love for our planet and products."

The company’s donations are provided through two other avenues as well.

In addition to the foundation, Signet also has established a team member relief fund, which provides financial grants to eligible team members in countries where the company operates to help them with financial hardship.

Signet also donates via cause marketing programs, including a 22-year partnership with St. Jude Children’s Research Hospital, which has raised $81 million to date.

To learn more about the Signet Love Inspires Foundation, visit the company’s website.
Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

The Latest

FinancialsSep 17, 2021
Consumer Resilience Buoys August Retail Sales

U.S. retail sales rose last month in spite of the rising Delta variant and supply chain constraints.

CollectionsSep 17, 2021
Sydney Evan Celebrates 20 Years with Capsule Collection

It showcases the brand’s signature motifs in new ways.

Events & AwardsSep 17, 2021
Here’s This Year’s Robert M. Shipley Award Winner

Plus, the winners of the many other awards presented at AGS Conclave.

Brought to you by
What is your Health Care Coverage Strategy?

Health care coverage is a big expense for small businesses - find out how to lower costs long-term instead of every 12 months.

CollectionsSep 17, 2021
Piece of the Week: Maggi Simpkins’ Powerful Pink Diamond

It’s part of Sotheby’s “Black & Brilliant” sale, opening today.

Weekly QuizSep 16, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Sept. 13-17, 2021.
Take the Quiz
TrendsSep 16, 2021
Amanda’s Style File: Fun With Geometric Shapes

The clean lines of these 15 designs feel fresh for fall.

SourcingSep 16, 2021
Diamond Jewelry Demand Continues to Fuel Rough Sales

De Beers noted how strong the Vegas shows were, while Alrosa grappled with supply issues in August.

Brought to you by
3 Reasons Your Store Should Add An Estate Category

Increase profit margins, generate traffic and attract new customers with an Estate assortment by partnering with Windsor Jewelers, Inc.

Events & AwardsSep 16, 2021
Gem Legacy Is Having Another Benefit Auction to Celebrate 3 Years

All proceeds will go toward its miner toolkit initiative.