LP Building Solutions and LP Foundation Donate Over $1.3 Million in 2024 to Support Nonprofits, Schools, and Communities

NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec 16, 2024--

LP Building Solutions (LP), a leading manufacturer of high-performance building products, announced contributions exceeding $1.3 million in 2024 through the LP Foundation and other corporate giving initiatives. This marks the fifth consecutive year of increased contributions and the fourth straight year surpassing $500,000 in annual donations. These funds have supported over 100 nonprofits and public schools.

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The LP Foundation, an independent 501(c)(3) nonprofit entity fully funded by LP, has been Building a Better World™ since 1973. Today, it operates five philanthropic programs: Community Grants, Disaster Relief, Team Member Giving Matches, Team Member Nonprofit Board Service Grants, and a partnership with the Gary Sinise Foundation.

“Our mission is to strengthen communities, protect our environment, and foster the next generation of talent,” said LP Foundation President Breeanna Straessle. “We’re proud to see how our contributions continue to create a lasting impact across the U.S. and Canada.”

Strengthening Communities Through Strategic Giving
The LP Foundation prioritizes three areas aligned with LP’s mission and values:

In 2024, the Foundation awarded nearly $500,000 in community grants to dozens of nonprofits, including Dickinson Trail Network in Michigan to expand non-motorized trails and Goodwill Industries of Middle Tennessee’s Skilled Trades Training program. Other examples include grants to Cheekwood Estate & Gardens in Nashville for reforestation after severe weather events and Cameron Lake Outdoor Education Centre in British Columbia, which provides environmental education to public school students.

"With more than 2,300 trees, Cheekwood Estate & Gardens is an accredited arboretum that celebrates the diversity of Middle Tennessee’s native tree canopy and serves the community as an outdoor classroom, as well as a place for respite for people and wildlife,” said Cheekwood Vice President of Gardens and Facilities Peter Grimaldi. “On behalf of Cheekwood, we are eternally grateful for the LP Foundation’s generous support with funding to plant trees in our arboretum, which helps us replace the trees lost to extreme weather between 2021 and 2023. LP’s investment is invaluable to our ongoing mission to replant, restore, and renew our diverse tree collection.”

Expanding National Partnerships
LP deepened its partnership with the Gary Sinise Foundation in 2024, donating LP® SmartSide® Trim & Siding for specially adapted homes for wounded veterans. Last month, LP helped build a home for retired U.S. Army Sergeant Joshua Hargis in honor of Veterans Day.

“LP’s generosity enables us to further amplify our support of our nation’s incredible heroes and their families,” said Gary Sinise Foundation Executive Director Donna Mercier. “On behalf of our founder Gary Sinise, we are so grateful for their unwavering support of our mission.”

Disaster Relief and Community Resilience
Following Hurricane Helene’s devastation in the Southeast U.S., LP provided critical support to impacted areas in North Carolina and Tennessee, including donations to humanitarian relief efforts, over 6,000 bottles of water, and OSB for rebuilding projects.

“Our community faced catastrophic flooding, and LP’s swift response made a tangible difference,” said LP Roaring River HR Manager Constance Fine.

Fostering Workforce Development
LP is dedicated to building a more inclusive and skilled workforce, supporting initiatives like the Manufacturing Institute’s Women MAKE America and Heroes MAKE America programs, the Forest Workforce Training Institute, and the Building Talent Foundation, which connects young people and underrepresented groups to opportunities in construction trades.

Additional support was provided to organizations such as the National Association of Black Accountants, fostering diversity in finance and accounting, and other nonprofits that advance inclusion and career development in the manufacturing and forestry industries.

Learn more about LP’s philanthropic programs at LPCorp.com.

About LP Building Solutions:
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore® Thermal Insulated Sheathing and LP® TopNotch® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World ™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

Year in giving reflects LP's continued commitment to housing initiatives, environmental stewardship, and workforce development. (Photo: Business Wire)

NEW YORK (AP) — Former talk show host Carlos Watson was sentenced Monday to nearly 10 years in prison in a federal financial conspiracy case that cast his once-buzzy Ozy Media as an extreme of fake-it-'til-you-make-it startup culture.

In one example, another Ozy executive impersonated a YouTube executive to hype Ozy to investment bankers — while Watson coached him, prosecutors said.

Watson, 55, and the now-defunct company were found guilty last summer of charges including wire fraud conspiracy. He has denied the allegations and plans to appeal.

“I loved what we built with Ozy,” he said in court Monday, initially addressing supporters in the audience before the judge suggested he turn around. Watson told the judge he was a target of “selective prosecution” as a Black entrepreneur in Silicon Valley, where African American executives have been disproportionately few, and he called the case “a modern lynching.”

“I made mistakes. I'm very, very sorry that people are hurt, myself included,” he said, but “I don't think it's fair.”

Watson, who faced a mandatory minimum sentence of two years in prison and potentially as much as 37 years, remains free for now on $3 million bond. He is to surrender to prison March 28. Any restitution will be determined after a hearing in February.

U.S. District Judge Eric Komitee said Monday that the “quantum of dishonesty in this case is exceptional.”

“Your internal apparatus for separating truth from fiction became badly miscalibrated,” he told Watson in sentencing him.

Prosecutors accused the former cable news commentator and host of playing a leading role in a scheme to deceive Ozy investors and lenders by inflating revenue numbers, touting deals and offers that were nonexistent or not finalized, and flashing other false indications of Ozy's success.

Watson even listened in and texted talking points while his co-founder posed as a YouTube executive to praise Ozy on a phone call with potential investors, prosecutors said.

“His incessant and deliberate lies demonstrated not only a brazen disregard for the rule of law, but also a contempt for the values of honesty and fairness that should underlie American entrepreneurship,” Brooklyn-based U.S. Attorney Breon Peace said in a statement Monday. His office prosecuted the case.

During the trial, Watson's defense blamed any misrepresentations on others, particularly co-founder Samir Rao and former Ozy chief of staff Suzee Han. She and Rao pleaded guilty, are awaiting sentencing and testified against Watson.

Watson portrayed himself Monday as a founder who put everything he had into his company, saying that he took an average salary of around $51,000 from Ozy in its final years, has triple-mortgaged his home and drives a 15-year-old car.

After court, he questioned why Brooklyn-based federal prosecutors had gone after a California-based company and founder. Prosecutors declined to comment; the indictment alleged that scheming happened in the Brooklyn-based jurisdiction and elsewhere.

“I do think this is an attack on Black excellence,” Watson said after noting that his sentence wasn't far from the 11-year term meted out to Elizabeth Holmes. She's the white former Silicon Valley CEO convicted of duping investors in the Theranos blood-testing device hoax; she has appealed.

There's no parallel between unreliable blood test technology and Ozy's roster of real programs and events, Watson said.

Ozy, founded in 2012, was styled as a hub of news and culture for millennials with a global outlook.

Watson boasted an impressive resume: degrees from Harvard University and Stanford Law School, a stint on Wall Street, on-air gigs at CNN and MSNBC, and entrepreneurial chops. Ozy Media was his second startup, coming a decade after he sold a test-prep company that he had founded while in his 20s.

Mountain View, California-based Ozy produced TV shows, newsletters, podcasts, and a music-and-ideas festival. Watson hosted several of the TV programs, including the Emmy-winning “Black Women OWN the Conversation,” which appeared on the Oprah Winfrey Network.

Ozy snagged big advertisers, clients and grants. But beneath the outward signs of success was an overextended company that struggled — and dissembled — to stay afloat after 2017, according to insiders' testimony.

The company strained to make payroll, ran late on rent and took out pricey cash advances to pay bills, former finance vice president Janeen Poutre told jurors. Meanwhile, Ozy gave prospective investors much bigger revenue numbers than those it reported to accountants, according to testimony and documents.

On the witness stand in July, Watson said the company's cash squeezes were just a startup norm and its investors knew they were getting unaudited numbers that could change.

The only investor who spoke at the sentencing was Beverly Watson, who stands by her brother. She told the court Monday that her biggest loss was “this important platform that elevated people and ideas that weren't being heard before.”

Ozy disintegrated in 2021, after a New York Times column disclosed the phone-call impersonation gambit and raised questions about the true size of the startup's audience.

FILE - Carlos Watson leaves Brooklyn federal court after testifying in his own defense in New York, Monday, July 1, 2024. (AP Photo/Stefan Jeremiah, File)