ADC Foundation Donates $50,000 to Support Victims of National Tragedy; Contribution to September 11th Fund Designed to Help Recovery Efforts.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--Sept. 17, 2001 The ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. Foundation, the corporate giving arm of ADC (Nasdaq:ADCT ADCT Adaptive Discrete Cosine Transform ; www.adc.com), today announced its plans to donate $50,000 to The September 11th Fund The September 11th Fund was created by the New York Community Trust [1] and the United Way of New York City[2] in response to the destruction of the World Trade Center on 9/11/2001. , a fund established to provide relief to victims and families affected by the terrorist attacks in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Washington D.C. and Pennsylvania. The donation will provide immediate support to established emergency assistance agencies, such as the American Red Cross American Red Cross: see Red Cross. and other nonprofit health and human service agencies in the affected cities. "The toll of the suffering is vast and we hope our support will help victims of this tragedy begin to recover," said Rick Roscitt, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ADC. "Given the scope of this tragedy, ADC's Foundation Board of Directors felt that the appropriate response was to help those most directly affected by this disaster. We're also confident that many of our employees will contribute to The September 11th Fund." ADC and its Foundation will provide a dollar-for-dollar match for any worldwide employee's gift for the disaster, up to $1,000 per employee. In addition, the company and Foundation will hold a blood drive for employees at its world headquarters. The September 11th Fund is jointly administered by the United Way of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and The New York Community Trust New York Community Trust was founded in 1924 by a group of New York bankers. It is one of the oldest and largest community foundations in the United States with 2006 assets of over $1.9 billion. . The fund is also being supported by United Way agencies around the country, and 100 percent of all donations raised to assist victims of this disaster through other United Ways will be funneled to this new fund. To assist with the relief efforts in New York City or Washington D.C., please send donation to:
The September 11th Fund
c/o The United Way of New York City
2 Park Avenue
New York, NY 10016
About ADC The ADC Foundation was incorporated in December 1998 to direct the charitable giving activities of Minneapolis-based ADC. ADC is The Broadband Company(TM). ADC's fiber optics, network equipment, software and integration services make broadband communications a reality worldwide by enabling communications service providers to deliver high-speed Internet, data, video and voice services to consumers and businesses. ADC (Nasdaq:ADCT) is a Fortune 500 company with sales into nearly 100 countries. Learn more about ADC Telecommunications, Inc. at www.adc.com. |
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