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Apr 26, 2019

Steelmaking Giant Nucor Pledges $2.5 Million to IAAM

  • IAAM in the Media

CHARLESTON, S.C. (April 26, 2019) – Nucor Corporation, a Fortune 500 steelmaking company, pledged $2.5 million to the International African American Museum (IAAM) – the combination gift includes a $1.25 million cash donation as well as a $1.25 million in-kind contribution.

Headquartered in Charlotte, North Carolina, Nucor is North America’s most diversified steel and steel products company, with more than 300 locations and 26,000 employees. In South Carolina, Nucor employs more than 2,000 people at eight locations, which includes two steel mills. Nucor is also North America’s largest recycler.

John Ferriola, Nucor chairman, CEO and president, noted that, “Teamwork and the power of partnerships has always been central to the way Nucor does business. We are proud to play a role in creating the International African American Museum, which will bring people together and forge compassion, empathy and understanding across people of all races and ethnicities. With this gift, we hope to help the museum build a bridge between the past and the future by presenting critical chapters of American history.”

IAAM team and Nucor CEO
Michael Boulware Moore, IAAM CEO and president; John Ferriola, Nucor chairman, CEO and president; Wilbur Johnson, Chairman of the IAAM Board of Directors; Joseph P. Riley, Jr., IAAM board member and former Charleston mayor

“Nucor’s generous gift of financial support and in-kind contributions is invaluable—it bolsters the Founders Fund and provides the steel that will quite literally create the foundation of this institution,” said Michael Boulware Moore, IAAM president and CEO.

Joseph P. Riley, Jr., IAAM board member and former Charleston mayor, added that, “We are so grateful to have Nucor’s support as we approach our groundbreaking. We look forward to recognizing this leadership investment in the Atlantic Connections gallery, one of the museum’s most prominent spaces.”

Atlantic Connections, which overlooks the Charleston Harbor, will root the IAAM in the history of the Trans-Atlantic Slave Trade and the economic and cultural formation of the Atlantic World.