|Save the Children Receives $1.8M Accenture Grant to Provide Young Adults in Egypt, Indonesia and the Philippines with Business Skills|
Award is part of Accenture's global corporate citizenship initiative, Skills to Succeed
Eileen Burke 203.216.0718 (M)
MANILA, Philippines (October 9, 2012) — Save the Children and Accenture (NYSE: ACN) today announced Accenture and the Accenture Foundations have awarded Save the Children an additional grant of US$1.8 million to help the organization provide approximately 7,000 disadvantaged and at-risk young people — including nearly 5,000 young women — in Egypt, Indonesia and the Philippines with business skills that strengthen employment opportunities. The grant brings Accenture's direct support to Save the Children to more than US$2.5 million since 2010.
The award reflects Accenture's global corporate citizenship initiative, Skills to Succeed, which will equip 250,000 people around the world by 2015 with the skills to get a job or build a business. The two year grant will help Save the Children deliver market-relevant education, mentoring relationships, internships and apprenticeships that assist young people in finding a job or building a business.
"Supporting Save the Children helps exemplify Accenture's commitment to building skills and improving the communities in which we live and work," said Jill Huntley, senior director of corporate citizenship at Accenture. "Save the Children is proving it's possible to create positive change and a lasting impact on the economic well-being of individuals by connecting them with organizations, programs and skills that can help them succeed."
The grant — which will build on the successes and lessons from Save the Children's ongoing Skills to Succeed projects in China, Bangladesh and Bosnia — will also fund an assessment of job market conditions and needs, help establish strong connections with prospective employers and provide advocacy for long-term change in governmental policies and programs.
"We selected Egypt, Indonesia and the Philippines based on our strong youth programs in each nation and our relationships with people in government and civil society who are committed to developing the skills of unemployed young people and helping them advance," said Carolyn Miles, president and CEO of Save the Children. "By engaging Accenture employees in our work, we can better identify country-specific job market needs and address them to help lift youth out of poverty."
Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Through its Skills to Succeed corporate citizenship focus, Accenture is committed to equipping 250,000 people around the world by 2015 with the skills to get a job or build a business. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012.
About Save the Children
Save the Children is the leading, independent organization that creates lasting change for children in need in the United States and 120 countries around the world. Follow us on Twitter and Facebook.