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In spite of the crisis, the Vodafone Foundation donates over CZK 50 million to the non-profit sector

25. March 2010

Despite the global economic crisis, the Vodafone Foundation has donated more than CZK 50 million to non-profit projects throughout the Czech Republic. Last year’s contributions amounted to 0.59% of Vodafone’s profits. Over the course of the Foundation’s existence, it has supported, for instance, 181 youth groups, 185 low-threshold clubs, a navigation centre for the blind, and the yearly commitment of nine specialists from the commercial sector to Czech NGOs. “I believe that the period of a financial crisis is a period when large firms should support the non-profit sector with their profits more intensively then during periods of prosperity,” says Inga Kaškelyte, Director of the Vodafone Foundation, a position she has held, with a short period away on maternity leave, since its establishment.

Despite the global economic crisis, the Vodafone Foundation has donated more than CZK 50 million to non-profit projects throughout the Czech Republic. Last year’s contributions amounted to 0.59% of Vodafone’s profits. Over the course of the Foundation’s existence, it has supported, for instance, 181 youth groups, 185 low-threshold clubs, a navigation centre for the blind, and the yearly commitment of nine specialists from the commercial sector to Czech NGOs.

“I believe that the period of a financial crisis is a period when large firms should support the non-profit sector with their profits more intensively then during periods of prosperity,” says Inga Kaškelyte, Director of the Vodafone Foundation, a position she has held, with a short period away on maternity leave, since its establishment. “Programs that have their regular clients should not be threatened by a financial crisis. That is why we actually increased our budget for philanthropy last year.”

The objective of the Vodafone Foundation in the Czech Republic is to support the individual initiatives of young people and use communication technologies to assist underprivileged groups. The Foundation achieves these goals by means of four grant programs:

Support of low-threshold clubs (Vpoho program):

  • A total of 185 clubs throughout the Czech Republic received support amounting to CZK 16,105,000.
  • Over the course of the existence of the Foundation, around 60,000 young people threatened by social exclusion have visited these clubs.

Development of initiatives by young people (Vpohybu program):

  • More than 181 projects by young people received a total of CZK 15,124,000 in support.
  • Projects receiving the most support are in the field of work with children and youth.

The use of technology to support the underprivileged:

  • Support of development of a project to simulate written text as speech.
  • Support of development of a project to build a GSM supervisory centre for seniors.
  • Support of development of a project to build a navigation centre for the blind.

Bringing know-how from the commercial to the non-profit sector (A Year of Difference):

  • Supporting the one-year commitment of nine specialists from the commercial sector to Czech NGOs.

The Vodafone Foundation was established in 2006 and is financed by the Vodafone Group and Vodafone Czech Republic a.s. Based on the above-mentioned contributions, the Vodafone Foundation is among the top five corporate foundations in the Czech Republic.