Learn why the GE Foundation invests in education
The reason leaders in the GE Foundation boardroom are
interested in the classroom is simple, said Kelli Wells,
program director of U.S. education for the foundation.
"Education is one of the most valuable things we can
invest in," Wells said. More and more businesses -- from
small companies to global giants -- are buying into that
same philosophy in the wake of sobering statistics that
show American students falling short of their
international peers, especially in math, science and
engineering. Education, long a favorite corporate cause,
has taken on new urgency, said Stacy Palmer, editor of
the Chronicle of Philanthropy. "Lots of foundations are
focusing even more grant-making on education because
they realize how much it affects their own bottom line
when they don't have well-educated people as workers,"
Palmer said. The average company in 2006 dedicated 25
percent of its total giving to education, second only to
health and social services at 31 percent, according to a
recently released study by the Committee Encouraging
Corporate Philanthropy. Information technology companies
led giving to educational causes, dedicating an average
of 42 percent of their philanthropy budgets to K-12 and
higher education, according to the CECP study of 136
companies.
Excerpt from :
“Why GE is making education its business”
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