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Money will go towards the organization’s education and research foundation
Philips Lighting and Advance Transformer recently teamed up to donate $250,000 to the National Association of Electrical Distributors (NAED) Education and Research Foundation. The companies’ donation will become part of an endowment fund for the foundation, and the principal amount of the endowment will remain untouched while the interest will be used to commission future projects and research studies.
For their contribution, the companies will be recognized at the guarantor level and have a permanent position on the Channel Advantage Partnership Council, which will help select future educational programs and research projects.