National Association of Electrical Distributors announces contribution
April 30, 2004 - Crescent Electric Supply Company donates $100,000 to education and research foundation.
The National Association of Electrical Distributors has announced a $100,000 contribution by Crescent Electric Supply Company to the NAED Education & Research Foundation.
"Our commitment made on April 15, 2004, our 85th anniversary, is made in recognition of what the industry has given to our employees, our company and the entire Schmid family," says James Etheredge, president of Crescent Electric Supply Company.
Founded in 1919 by Titus Schmid, Crescent Electric Supply Company is an electrical distributor serving the industrial, contractor, datacom, utility, commercial, institutional and automation markets. Headquartered in East Dubuque, IL, the company has 124 branches in 27 states.
"We are glad that Crescent is joining with us in this endowment effort. As a donor to the annual campaign for 23 years, they are already great supporters of the foundation," says Bill Elliott, chairman of the NAED Education & Research Foundation and president of
Elliott Electric Supply in Nacogdoches, Texas. "Furthermore, they are currently one of the foundation's top purchasers of training products. We welcome their additional support and applaud their continuing emphasis on excellence."
The company's donation will become part of an endowment fund for the NAED Education & Research Foundation. The principal amount of the endowment will remain untouched, while the interest will be used to commission future projects and industry issue focused studies. As a $100,000 donor, Crescent Electric Supply will have a permanent position on the Channel Advantage Partnership Council, which will help select future educational programs and research projects.
NAED is based in St. Louis, MO. For more information visit www.naed.org.