Brown-Forman Commits Funds to Foundation and Dendrifund

Brown-Forman Corporation (NYSE:BFA, BFB) today announced a commitment of $22.5 million to support the efforts of the Brown-Forman Foundation and Dendrifund. The commitment will be funded from a portion of the proceeds from the company’s recent sale of Finlandia vodka.

“This planned contribution supports the Brown-Forman Foundation’s vision of transformative community impact and Dendrifund’s collaborations to renew wood, water, and grain ecosystems,” said Lawson Whiting, President and CEO, Brown‑Forman. “The funding will strengthen these two organizations, enabling them to further their important and impactful work alongside their many partners.”

The Brown-Forman Foundation will receive a $20 million donation. The Foundation partners with organizations focused on three key areas: promoting responsible and sustainable living, ensuring essential living standards, and enriching arts and cultural experiences in Brown-Forman’s hometown of Louisville, Kentucky.

Additionally, the Dendrifund, a nonprofit sustainability seed fund jointly created by Brown-Forman and the Brown family, will receive a $2.5 million donation. Dendrifund serves as a catalyst for collaborative efforts aimed at advancing sustainability within the whiskey industry. This contribution will empower Dendrifund to progress its mission, focusing on crucial natural resources essential for whiskey distillation and aging: grains, water, and wood.

Brown-Forman’s commitment to the Brown-Forman Foundation continues the company’s legacy of philanthropy and community engagement. Likewise, the ongoing support of Dendrifund underscores the importance the company places on sustainability and innovation within the spirits industry.

Brown-Forman Corporation

For more than 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel's Ready-to-Drinks, Jack Daniel's Tennessee Honey, Jack Daniel's Tennessee Fire, Jack Daniel's Tennessee Apple, Gentleman Jack, Jack Daniel's Single Barrel, Woodford Reserve, Old Forester, Coopers’ Craft, The GlenDronach, Benriach, Glenglassaugh, Slane, Herradura, el Jimador, New Mix, Korbel, Chambord, Sonoma-Cutrer, Fords Gin, Gin Mare, and Diplomático Rum. Brown-Forman’s brands are supported by approximately 5,600 employees globally and sold in more than 170 countries worldwide. For more information about the company, please visit brown-forman.com. Follow us on LinkedIn, Instagram, and X, formerly Twitter.