Ida C Koran Trust What is the Ida

Ida C. Koran Trust

What is the Ida C. Koran Trust? y Ida Koran was hired by MJ Osborn in 1923 as Ecolab’s first female associate. She worked for Ecolab for 44 years. y Created trust in 1967 with estimated $5 million in stock savings y Non-Profit Foundation 501(c)3 designed to provide financial support to Ecolab employees around the globe y All programs are built around employee financial need y Asset level has grown over 45 years with a current balance of over $44 million y Annual distribution requirement is 5% of the Trust’s previous years value 2

Ida Koran Trust Program Information Academic Assistance Program • Dependent children • Supporting post-secondary education goals • Vocational, community college, technical, trade, 4 -year university Ecolab Employee Eligibility: • Current employees with at least 12 months of service • Retired Ecolab employees Unexpected Hardship Program • Disaster Relief • Immediate Assistance • Hardship Program • Surviving spouse & their dependent children 3

How to Learn More & Apply: y Contact: sue. mortensen@ecolab. com or 651 -250 -2392 for more information y Visit the Trust website – complete inquiry form www. idakorantrust. org y Confidential review and discussion of event y Administrator works with employee to navigate application process and communicate response 4