| Social
Social responsibility at UTC begins with a
commitment to the personal development of our employees, and extends
to improving quality of life in their neighborhoods. Well-educated
employees are able to give back to their hometowns, generating
returns for society as a whole.
Employee Scholar Program
UTC believes, that while we cannot guarantee a job forever, we
can ensure a future for all of our employees. This is why UTC
supports lifelong learning for our employees.
Our goal is the best-educated work force on
the planet. We invest strongly in our employees’ personal and
professional development. Since 1996 we have spent $462 million
on the Employee Scholar Program (ESP) to encourage our employees
to develop additional skills and engage in lifelong learning.
ESP participants receive stock awards after completing degree
programs. Since the program’s inception, there have been 15,831
ESP graduates. There are currently 13,456 participants. Of current
participants, 29 percent come from our hourly work force. More
than 40 percent of current participants are seeking advanced degrees.
Grant Making
We support community activities and employee involvement wherever
our people work and live. Our contributions of employee talent
and financial resources strengthen our communities. Our financial
contributions to nonprofit organizations around the world total
more than $16 million annually.
In Greater Hartford, Connecticut, the hometown
of our corporate headquarters, our grants support three areas
of focus: arts and culture; math and science education; and environmental
sustainability. In 2004 our United Way campaign raised $7.45 million
for the United Way of the Capital Area, which represents 28 percent
of the Hartford-area total.
Over the last 20 years, UTC and its employees
have contributed more than $1.7 million to the United Arts Campaign
to support the arts in Hartford. In 2004 UTC sponsored the New
England premiere of the musical Crowns, an exuberant
celebration of African-American women, at the Hartford Stage and
“None of the Above: Contemporary Work by Puerto Rican Artists”
at Real Art Ways, a contemporary art space in Hartford. UTC is
also a major donor to the Hartford Symphony Orchestra, the Connecticut
Opera and the Bushnell Center for the Performing Arts.
Arts and Culture
In 2005 UTC will celebrate a quarter century of arts and culture
sponsorship on a national and international level. We have supported
organizations ranging from The Metropolitan Museum of Art to the
Detroit Symphony and Carnegie Hall
| Some of the
highlights include: |
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An unprecedented exhibition of works
by the Dutch artist Johannes Vermeer at the National Gallery
of Art in Washington, D.C. |
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Sponsorship of “A Spiritual Resonance:
The Vernacular Dwellings of China” at the National Museum
of Chinese History, a |
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first-of-its-kind exhibit which documented
outstand- ing examples of rapidly disappearing traditional
homes. |
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Sponsorship of “Crossing the Channel:
French and British Painting in the Age of Romanticism” at
The Metropolitan |
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Museum of Art. |
Our year of celebration will culminate in October
2005 with UTC’s sponsorship of “Vincent van Gogh: The Drawings”
at The Metropolitan Museum of Art.
The Business Committee for the Arts recognized
our long-term commitment to the arts by presenting UTC with its
2004 Commitment Award. The award recognizes UTC’s contributions
since 1993 of more than $15 million to support the arts.

Environmental Sustainability
In 2004 UTC launched Sustainable Cities, an initiative dedicated
to promoting the use of green building practices and environmental
sustainability in urban centers. We awarded $350,000 in grants
to national and Connecticut programs and plan to increase that
to $500,000 in 2005.
Matching Gift Program
UTC joins employees in supporting their commitment to improving
the community through the UTC Matching Gift Program.
The program offers a way for employees to double their contributions
to some of their favorite nonprofit educational, cultural and
environmental organizations. In 2004 employees contributed more
than $1 million to nonprofit groups through the Matching Gift
Program. UTC matched these gifts with another $1 million.

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