More Than Half of Companies Increased Philanthropy in 2008, Despite Economic Decline
BGCA President and CEO Roxanne Spillett says, “Our goal is to help teens become fiscally fit adults through the power of financial literacy. It’s truly rewarding to see how the lessons learned through Money Matters have such a positive impact on teens’ financial attitudes and actions present and future.”
“This country’s economic crisis shows that there has never been a more important time to address the issue of financial literacy among consumers,” said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. “We are very proud of the fact that the Money Matters program is helping many young people from economically challenging circumstances gain the knowledge necessary for lifelong financial well-being.”
About the Excellence Awards in Corporate Philanthropy
Since 2000, the Committee Encouraging Corporate Philanthropy has presented Excellence Awards in Corporate Philanthropy annually to companies such as Cisco Systems, GlaxoSmithKline, GE, Hasbro, IBM, Moody’s Corporation, Novartis, Pfizer, The PNC Financial Services Group, salesforce.com, Target, Timberland, and Whole Foods Market.
The Excellence Awards winners are selected by an independent selection committee, composed of experts from the corporate, government, media, nonprofit, consulting, and academic communities.
Paul Newman and Ken Derr are the founding co-chairs of the Committee Encouraging Corporate Philanthropy (CECP), the only international forum of CEOs exclusively focused on corporate philanthropy. CECP’s mission is to lead the business community in raising the level and quality of corporate philanthropy. Engaging with the public, private, and independent sectors, CECP’s 175 members seek and create opportunities to help advance the case for philanthropy and to inspire other business leaders to make a lasting commitment to community giving. www.CorporatePhilanthropy.org.