Square D/Schneider Electric pledges up to $1 million to NAED foundation

Company will match distributor contributions as high as $550,000

The National Association of Electrical Distributors (NAED) recently announced that Square D/Schneider Electric will pledge up to $1 million to the NAED Education and Research Foundation based on matching 50% of any contributions from their distributors, which to date bring the total to $550,000.

The company’s donation will become part of an endowment fund for the foundation and the principal amount of the endowment will remain untouched, while the interest will be used to commission future projects and studies. Due to its level of contribution, Square D/Schneider Electric will have a permanent position on the Channel Advantage Partnership Council, which will help select future educational programs and research projects.

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