Baird has recently committed to an investment of over $5 million for its employees and community projects that will come in the form of cash bonuses for associates and charitable donations, a move the financial services firm says is a result of recent tax reforms. 

Baird officials say tax reform legislation has led to the company's ability to further invest in charitable contributions as well as supply its 3,500 global associates and long-term interns with cash bonuses. 

According to the company, Baird leaders will receive the benefit in the form of a $1,500 donation to a specific charity of their choice, which is estimated by the company to amount to $1.2 million in donations to the community. The company's other full- and part-time associates who are benefit-eligible will get a one-time $1,500 bonus. In addition, Baird says the company's long-term interns will receive a $500 bonus. 

"Our associates are our greatest asset and supporting the communities in which we live and work is obviously critical to our ongoing success," Baird President and CEO Steve Booth said in a statement.  "We are pleased to provide additional opportunities to invest in our associates and our communities as a result of federal tax reform."