Faithwire
  • Watch
  • Go!
  • Podcasts
  • Newsletter
  • Contact Us
  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • SCOTUS
  • Life
  • Religious Liberty
  • News
  • Politics
  • Faith
  • Opinion

Owner of Family Business Hands Out $4 Million in Christmas Bonuses

Image credit: FloraCraft/Facebook
Image credit: FloraCraft/Facebook
Share Tweet
By Tré Goins-Phillips
Editor

December 19, 2018

The owner of a small business in Ludington, Michigan, is giving away $4 million worth of Christmas bonuses this year — an oversized gift a long time in the making.

Roughly 200 employees from FloraCraft, which was founded in 1946 and manufactures foam products for the craft and floral industries, will split the big hunk of holiday cash, according to The Ann Arbor News.

Lee Schoenherr, owner and chairman of FloraCraft, made the announcement last Friday, during a company Christmas luncheon.

The money will be divided in a couple ways, with employees who have more than 40 years invested in the company receiving a whopping $60,000. The average bonus will be around $20,000.

According to Schoenherr, 25 percent of each employee’s charitable bonus will be doled out in cash, while the remaining 75 percent will be invested into their 401(k) plans.

“I’ve got one sole and overriding reason for doing this,” the company owner explained, “and that’s to show you my appreciation for all the hard work and things that you do. It doesn’t go unnoticed. … It’s the only reason; there’s no other reason behind it except to say you guys and girls have been great.”

SEVEN Foster Siblings Get Life-Changing Christmas Surprise

FloraCraft CEO Eric Erwin said the brand’s employees “were beyond surprised and deeply grateful of Mr. Schoenherr’s generosity.”

“He wants to ensure our employees have resources available as immediate reward for their hard work, along with a nest that allows them to save, plan and prepare for their future security,” Erwin added.

In a press release published on the FloraCraft website, Schoenherr said he began brainstorming ways to celebrate his employees’ hard work and dedication “a few years ago.” He went on to note he and his wife, Joan, are “blessed in so many ways.”

“We want to share these blessings with the men and women whose energy, passion and loyalty inspire us every day,” he said.

Latest

  • News

    ‘In the Arms of Christ’: Pastor’s Daughter Among Children Killed During Christian School Shooting

  • Faith

    ‘Thank God He Was There’: Off-Duty Firefighter Says It Was the Lord Who Led Him to Save Deputy Hurt in Crash

  • News

    ‘Kind of a Miracle’: Storm Chaser Rescues Family After Tornado, Pledges to Help Rebuild Home After Terrifying Ordeal

  • News

    Amid ‘Hidden Dangers That Lurk’ in Culture, Christian Video Games Could Offer Parents a Powerful Solution

  • News

    All-American Swimmer Blasts ESPN for Promoting Transgender Athlete in ‘Celebrating Women’s History Month’


Sponsored
Sponsored

Newsletter
Signup

Sidebar

Recent Posts

  • ‘In the Arms of Christ’: Pastor’s Daughter Among Children Killed During Christian School Shooting
  • ‘Thank God He Was There’: Off-Duty Firefighter Says It Was the Lord Who Led Him to Save Deputy Hurt in Crash
  • ‘Kind of a Miracle’: Storm Chaser Rescues Family After Tornado, Pledges to Help Rebuild Home After Terrifying Ordeal
  • Amid ‘Hidden Dangers That Lurk’ in Culture, Christian Video Games Could Offer Parents a Powerful Solution
  • All-American Swimmer Blasts ESPN for Promoting Transgender Athlete in ‘Celebrating Women’s History Month’

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • July 2016
  • June 2016
  • May 2016

Categories

  • Christian Persecution
  • Coronavirus
  • Culture
  • culture
  • Entertainment
  • Faith
  • Faith
  • Family
  • George Floyd
  • Go!
  • Israel
  • Life
  • Life
  • Lifestyle
  • Media
  • Men
  • Mission Haiti
  • News
  • News
  • Opinion
  • P.O.V
  • Politics
  • Politics
  • Roe
  • Sponsored
  • Sports
  • Virtue
  • Women

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Navigation

  • Watch
  • Go!
  • Podcasts
  • Newsletter
  • Contact Us
  • Staff
  • Privacy Policy
  • Terms of Service

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • Instagram

Subscribe to the Newsletter

Sign up to get our newsletter your inbox every day.

Newsletter Signup

Do you want to read
more articles like this?