As a responsible corporate citizen, AK Steel contributes to every community in which the company operates. Through the AK Steel Foundation, the company is able to make a positive difference in the lives of others, spending more than $1.5 million in 2015 alone on programs, scholarships and grants.
In addition to providing direct support to nonprofits, the AK Steel Foundation offers a Matching Gift Program to help employees increase the value of their charitable contributions each year. Numerous organizations benefit from the program, including universities, arts organizations and health and human services.
The AK Steel Foundation also awards competitive college scholarships to children of company employees through its Sons and Daughters Scholarship Program.
The Middletown, Ohio Community Foundation independently selects each recipient based on academic achievement, leadership and community involvement.
From 2003 through 2015, the AK Steel Foundation has awarded 260 Sons and Daughters scholarships.
Along with the Sons and Daughters Scholarship Program, the AK Steel Foundation underwrites the Louie F. Cox Scholarship Program, which benefits African American students in Warren and Butler Counties in Ohio. Similar to the Sons and Daughters Program, the Louie F. Cox scholarships are funded by the AK Steel Foundation and are worth a maximum $20,000 each.
Through the AK Steel Foundation, the corporation supports the United Way in all of our plant communities. Over the years, the AK Steel Foundation has donated millions of dollars to the United Way – helping the organization support childhood education programs, improve the health and independence of people in the community and help families in need achieve financial stability.
In recognition of women who have overcome obstacles to make a difference in the lives of others, the AK Steel Foundation underwrites the Steel Magnolia Awards. The awards honor women who have faced personal adversity and shown exceptional strength, courage, compassion and leadership in the communities in which AK Steel operates. Forty-four Steel Magnolia Awards have been presented to inspirational women since the program's inaugural year in 2009.
In recent years, the AK Steel Foundation has provided support to numerous nonprofit and charitable organizations, including, among many others:
- American Heart Association
- Boy Scouts of America
- Boys and Girls Clubs
- Central Connections (formerly Middletown Senior Citizens Center)
- Children’s Home of Greater Cincinnati
- Downs Syndrome Association of Greater Cincinnati
- Habitat for Humanity
- Junior Achievement
- Juvenile Diabetes Research Foundation
- Good Samaritan Hospital
- National Underground Railroad Freedom Center
- United Way