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NEWS
Nokia Establishes Global Education Fund for
Children of Victims of Recent U.S. Tragedies
(September 19, 2001)
IRVING, Texas. and HELSINKI, Finland -- (September 19, 2001) -- Nokia, in close
co-operation with the International Youth Foundation (IYF), has established a
new global fund for the college education needs of children who have lost a
parent or parents in the unfortunate tragedies in the United States on September
11.
With an initial corporate grant of 1 million USD from Nokia, the fund will
provide scholarships to young people affected by the tragedy, irrespective of
their nationality. Nokia's intent is to ensure a long-term impact by providing
younger generations with the resources they need to succeed.
Nokia will reach out to its employees, partners, customers, suppliers and
subcontractors to support the fund with additional monetary donations.
IYF -- Nokia's global corporate citizenship partner -- will manage the fund, and
the respective universities and colleges will do the selection of the students
eligible for the grants.
About Nokia
Nokia is committed to having a positive impact on society that extends beyond
the advanced technology, products and services the company creates. Through its
partnership with IYF and other regional philanthropic and social responsibility
programs, the company prepares young people to embrace opportunities and
possibilities created by the global economy and new technological advancements.
The company has been an active regional contributor to youth and education
causes for many years, with Nokia employees making their own contributions as
volunteers in a range of programs throughout the world. More information on
Nokia can be found at www.nokia.com.
About The International Youth Foundation
Founded in 1990, the International Youth Foundation (IYF) is one of the world's
largest public foundations working to improve the conditions and prospects for
young people where they live, learn, work and play. Currently operating in more
than 60 countries, IYF and its global network of partner organizations have
helped more than 21 million young people gain access to basic life skills,
education, job training, and opportunities critical to their success. IYF's work
is based on the knowledge that throughout the world, effective youth programs
and strategies exist that are making a positive and lasting difference in young
lives. Its mission is to identify these proven approaches, strengthen their
impact, and expand their reach to benefit greater numbers of young people. More
information on IYF can be found at www.iyfnet.org