Vail CEO and his wife donate $2.5M to communities their resorts are located

SOUTH LAKE TAHOE, Calif. - Once again, Vail Resorts' CEO Rob Katz and his wife Elana Amsterdam are giving back to the communities where their employees live and where their company operates.

Today, they announced a donation of more than $2.5 million to provide immediate support to those areas as all contend with the severe impacts of COVID-19.

Immediate emergency relief grants will total $1.5 million and will be distributed to communities including South Lake Tahoe.

In South Lake Tahoe, they gave $150,000 to the El Dorado Community Foundation's Coronavirus Relief Fund that will support families in need and non-profits that provide critical basic needs and other social services to the community.

All the funds will be allocated in South Lake Tahoe and the Foundation and local nonprofits will be meeting to figure out how to use it to best meet the needs of the whole community. It will be distributed carefully and strategically throughout the process, said Wendy David of the Foundation.

In North Lake Tahoe and Truckee, the Tahoe Truckee Community Foundation was given $100,000 to the Foundation’s COVID-19 Emergency Response Fund that supports non-profits across the region to also serve the critical needs of those impacted by the coronavirus.

The remaining $1 million is being donated by Katz to create a new fund within Vail Resorts’ EpicPromise Employee Foundation, which helps their employees respond to unpredictable setbacks, including medical events. This fund will help meet the increased need for assistance due to the impacts of COVID-19, ensuring that the Foundation has the resources to address this challenge.

“I cannot recall another moment in my lifetime that has caused so much disruption to our lives – to our work, to our health and to our communities,” said Katz. “Throughout this incredibly challenging time, two of our absolute priorities have been, and will continue to be, the health and wellbeing of our employees and mountain communities. What makes our resorts so special is where they’re located and the passionate people who live there. As we navigate this situation, it’s essential we continue to support our employees and the vitality of our communities, providing partnership when it’s needed most.”

The donation will be distributed through the Katz Amsterdam Charitable Trust, which was established to support mountain communities, with an initial focus on eliminating the stigma of mental illness and increasing access to mental and behavioral healthcare. Since 2016, the Trust has donated over $10 million total, including nearly $6.5 million in mental and behavioral health grants, to communities where Vail Resorts operates.

Other recipients of the Katz Amsterdam Charitable Trust COVID-19 Emergency Relief Grants include:

State of Colorado:

· Help Colorado Now: $250,000 to support non-profits across Colorado that are providing critical services during this public health crisis

Eagle County, Colorado:

· Eagle Valley Community Foundation: $200,000 to support basic needs and mobile food bank services that help community members across the county

Summit County, Colorado:

· Family Intercultural Resource Center: $100,000 to support the organization’s mobile food bank and mental health and social service navigation

· The Summit Foundation: $100,000 to the Summit County Cares Fund to support non-profits serving the most vulnerable populations and providing critical resources to community members

Crested Butte, Colorado:

· Community Foundation of Gunnison Valley: $50,000 to the Foundation’s COVID-19 Response and Recovery Efforts that supports non-profits who provide critical services to those impacted

Summit County, Utah:

· Park City Community Foundation: $200,000 to support the Community Response Fund that will deploy resources to health and human services community organizations that serve vulnerable populations disproportionately affected by the COVID-19 outbreak

Whistler, British Columbia:

· Whistler Community Social Services: $100,000 CAD to support the organization’s mobile food bank, mental health services and social service outreach efforts

· The Whistler Blackcomb Foundation: $100,000 CAD to the Foundation’s COVID relief fund that will support non-profits across the Sea-to-Sky corridor as they meet the most critical needs of community members

Vermont:

· Vermont Community Foundation: $150,000 to support several non-profits in three communities that provide food services, basic needs and critical social services to community members

Stevens Pass, Washington:

· Upper Valley Mend: $50,000 to support the organization’s food bank program and other critical social services to those in need

Jackson, Wyoming (Grand Teton Lodge Company):

· Community Foundation of Jackson Hole: $50,000 to the Community Emergency Response Fund to support local non-profits helping those directly impacted by COVID-19.