Steelcase Inc.’s proposed $2.2 billion sale to HNI Corp. would have “no impact” on the corporation’s philanthropic foundation that provides millions of dollars in grant funding annually to organizations.
Numerous groups have benefitted from Steelcase Foundation since it was founded in 1951. The corporation’s planned sale has generated speculation about the resulting effects on the foundation, which ended 2023 with $126.1 million in assets.
Foundation President Daniel Williams told Crain’s Grand Rapids Business that the sale won’t change the Steelcase Foundation…