Saturday, October 11, 2008

Dell to Expand Size, Focus of Its Giving

Dell to Expand Size, Focus of Its Giving
In a formal statement on its Web site, the computer giant Dell announced it will expand its global philanthropic efforts.

Thanks to the Foundation Center for the following summary:
Dell to Expand Size, Focus of Its Giving
Dell has announced it will increase its corporate philanthropy to 1 percent of pre-tax profits by 2010, providing additional support for education and technology initiatives particularly in emerging countries.
While maintaining its commitment to company and employee support of nonprofit organizations in communities where Dell operates, the company will focus its corporate gifts in countries such as Brazil, Russia, India, and China, where the majority of the next billion Internet users will live. According to IDC research, the Asia-Pacific region — excluding Japan — along with other emerging areas such as Latin America, Eastern Europe, Africa, and the Middle East will account for about 59 percent of global PC volume by 2012, up from 48 percent in 2007. "Our new giving strategy is rightly focused on equipping youth in these areas, and around the world, for success," said Michael Dell, chairman and CEO of the Texas-based company.
Dell recently launched a global initiative, Dell YouthConnect, to direct corporate giving to organizations in emerging countries that promote education and incorporate math, science, literacy, and/or technology skills development for children and youth up to age 17. In its current fiscal year, Dell will direct increased giving to India, and has issued a request for proposals to nonprofit and nongovernmental organizations in Indian cities where it has a presence.
"Corporate giving, when conceived and structured like Dell's global YouthConnect initiative, creates a win-win scenario for business and the public," said Charles Moore, executive director of the Committee Encouraging Corporate Philanthropy. "Dell's increased giving and focus and digital inclusion will have a meaningful and positive impact, particularly in emerging countries."

For the official statement from Dell, visit:
“Dell Expands Global Philanthropic Efforts.” Dell Press Release 9/23/08.

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