UPS Pulls Boy Scouts Funding Over Gay Ban

by Nate Wooley | November 14, 2012 2:58 pm

UPS truck close up 630 flickr 300x254 UPS Pulls Boy Scouts Funding Over Gay Ban[1]Citing the Boy Scouts of America’s position on gay issues, UPS (NYSE:UPS[2]) has decided to stop providing funding to the organization.

The firm’s new policy on charitable contributions is to only give to organizations that maintain a non-discrimination policy similar to its own. While a UPS spokeswoman would not say that the Boy Scouts had been singled out, she did say “the youth organization is the only one UPS had given to in the past that would be affected,” the Atlanta Journal-Constitution[3] reports.

While the Boy Scouts are not asking for money from UPS at the moment, leadership did say that the move would negatively impact local communities.

The organization has come under pressure from other big businesses over its stance. One large contributor, Intel (NASDAQ:INTC[4]), ended support for Boy Scouts in September, and the CEOs of AT&T (NYSE:T[5]) and Ernst & Young — both of whom are on the Boy Scout board — say they support ending the ban on gay members.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/07/UPS_truck_close_up_630_flickr.jpg
  2. UPS: http://studio-5.financialcontent.com/investplace/quote?Symbol=UPS
  3. Atlanta Journal-Constitution: http://www.ajc.com/news/business/ups-no-longer-funding-boy-scouts/nS45s/
  4. INTC: http://studio-5.financialcontent.com/investplace/quote?Symbol=INTC
  5. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T
  6. Buffet and Bon Jovi Make Music for Charity: http://investorplace.com/2012/06/buffett-and-bon-jovi-make-music-for-charity/
  7. Man Buys Out Entire Kmart Store and Gives All to Charity: http://investorplace.com/2012/05/man-buys-out-entire-kmart-store-and-gives-all-to-charity/
  8. NBCs Sandy Benefit Concert: The Stars Taking Part: http://investorplace.com/2012/11/nbcs-sandy-benefit-concert-the-stars-taking-part/

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