Albemarle Care Fund
The Albemarle Care Fund is a global non-profit organization designed to enable employees and retirees around the world to directly help one another. The Care Fund provides funds to assist those who experience financial hardship due to a natural disaster, life-threatening illness or injury, death or other catastrophic circumstance beyond the employee’s control.
Time and time again, the Albemarle Care Fund has been initiated by employees who seek to help one another during distressing events and difficult times. This program exemplifies the true power of our people who have utilized this resource to provide overwhelming support to colleagues in need.
How It Works:
An employee identifies the need for action to assist a fellow employee and completes an Albemarle Care Fund application form. Once the fundraiser is approved, the local site hosts the fundraising event for the eligible employee or retiree. The Albemarle Care Fund then matches the amount raised in order to double the impact. The maximum match amount is $10,000 and the grant is made directly to the individual in need. In the event of a natural disaster, a team is put in place to determine the resources needed to support the impacted employees. The Albemarle Care Fund then sends funds directly to those employees to assist with relief efforts.
In order to receive funds from the Albemarle Care Fund, an individual must be:
- Regularly scheduled to work 20+ hours per week
- Employed by Albemarle Corporation or its affiliates for at least one year prior to the application
- Actively employed or on an approved leave of absence for no more than one year
- Or, a retiree who met the foregoing requirements at the time of retirement