Computer company donates $1 million to foundation expansion
May 24, 2013
Sometimes, the aims of foundations are very far-reaching. These generous groups intend on helping a larger number of people or an increased amount of industries, and therefore have to make moves to expand. However, a lack of funds might present a problem.
That is not the case for CityBridge - Microsoft recently pledged a three year, $1 million grant to the organization to create a new fellowship. The program will be entitled the CityBridge-NewSchools Education Innovation Fellowship. The main aim is to support the engagement of teachers in various fields, as well as developing leadership among educators in the Washington, D.C. area.
"Through the Education Innovation Fellowship, we seek to help prepare students for the STEM [science, technology, engineering and math] jobs of today and tomorrow by educating teachers on innovative approaches for the classroom," explained Microsoft General Counsel and Executive Vice President Brad Smith.
This is certainly not Microsoft's first foray into the donation scene. The company launched an interactive Local Impact Map on the corporate website which shows visitors the impact the corporation has had in numerous communities across the globe. For instance, the business hosted a student innovation campaign in Oman, as well as online safety training courses for children and their parents in Slovakia.
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management programs. These solutions can generate data-driven reports for various stakeholders.