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Mars Incorporated has launched a new philanthropic entity, The Mars Impact Fund, to distribute $85m (£62.9m) through 2027, focusing on community resilience, scientific research, and companion animal veterinary care.
The fund is designed to complement the company’s existing sustainability and foundation activities.
Following the initial three-year period, the firm expects to distribute at least $50m (£37.03m) annually from 2028 onwards. The fund will also oversee the corporate response to large-scale disasters in regions where the business operates.
Initial grant recipients include Save the Children, which received $3m (£2.22m) over three years to expand community resilience programmes in Indonesian cocoa-growing areas.
Additionally, the fund approved a $726,000 (£537,620) grant to Humane World for Animals to improve veterinary care access in communities across India and Mexico.
The fund’s priorities are divided into three areas: supporting livelihoods in sourcing communities, diversifying the pipeline of agricultural and food scientists, and increasing veterinary support for pets in under-resourced areas.
Andy Pharoah, vice president of corporate affairs and sustainability, said: “The Mars Impact Fund builds on decades of partnership and investment in the communities where we operate, strengthening and scaling the work already underway. It is designed to complement our broader impact agenda to benefit people, pets and the planet.”
Michelle Grogg, executive director of the Mars Impact Fund, added: “Change starts with listening, learning and working alongside the communities we serve. Through the Mars Impact Fund, we’re partnering with organizations that bring deep expertise and local insight so that, together, we can expand opportunity and improve lives.”
