Distributors association says endowment fund has surpassed $2 million mark

Sept. 9, 2004
Sept. 9, 2004 - National Association of Electrical Distributors applauds support; activism.

The National Association of Electrical Distributors has announced that the endowment fund for the NAED Foundation has surpassed the $2 million mark, with committed funds totaling $2.2 million at this time.

NAED applauds the support and activism of the following electrical distributor members who have pledged $100,000 each:

* Border States Electric Supply, Fargo, N.D.
* Butler Supply, Inc., Fenton, MO, in memory of Charles E. and Jacyln Butler,
* Crescent Electric Supply Co., East Dubuque, IL, in commemoration of the company's 85th anniversary,
* Consolidated Electrical Distributors, Inc. (CED), Westlake Village, CA,
* Dakota Supply Group, Fargo, N.D.,
* Elliott Electric Supply, Nacogdoches, TX, in memory of Nelda "Micky" Elliott,
* GE Supply, Shelton, CT,
* Graybar Electric Company, Inc., St. Louis, MO,
* The Hite Company, Altoona, PA, in memory of Robert L. Hite,
* Hughes Supply, Inc., Orlando, FL,
* Kendall Electric, Inc., Battle Creek, MI,
* L & R Anixter Foundation, Chicago, IL, in memory of Lester and Rosalie Anixter,
* Maurice Electrical Supply Co., Inc., Washington, D.C.,
* McNaughton-McKay Electric Co., Madison Heights, MI,
* Rexel, Inc., Addison, TX,
* Springfield Electric Supply Co., Springfield, IL,
* Stuart C. Irby Co., Jackson, MS,
* United Electric Supply Co., Inc., Wilmington, DE,
* WESCO Distribution, Inc., Pittsburgh, PA,
* Western Extralite Co., Kansas City, MO., in honor of Ernest and Vera Isenberg,
* And two anonymous donations.

Each donation becomes part of the Channel Advantage Partnership endowment fund for the NAED Education & Research Foundation. The principal of the endowment remains untouched, while the interest is used to commission future projects and studies. As donors of $100,000 or more, the companies attain a permanent position on the Channel Advantage Partnership Council, which helps select future educational programs and research projects.

"We appreciate the investments these distributors have made in the future of electrical distribution. Coming together from all over the nation, each of these companies is ensuring that the channel continues to provide timely, highly trained service to thousands of customers every day," says Bill Elliott, chairman of the Channel Advantage Partnership Endowment Campaign and president of Elliott Electric Supply in Nacogdoches, TX.

NAED is based in St. Louis, MO. For more information visit www.naed.org.

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