The National Association of Electrical Distributors (NAED) recently received two $250,000 commitments to the NAED Education & Research Foundation from Thomas & Betts Corp., Memphis, Tenn., and Cooper Industries, Houston.
The companies contributions will become part of an endowment fund for the NAED Education & Research Foundation. The principal amount of the endowments will remain untouched, while the interest will be used to commission future projects and studies.
As $250,000 donors, Thomas & Betts and Cooper Industries will be recognized at the guarantor level and have a permanent position on the Channel Advantage Partnership Council, which will help select future educational programs and research projects.