Adobe Forms Global Philanthropic Foundation.New Foundation's First Initiative Engages Youth to Drive Social Change SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. Incorporated (Nasdaq:ADBE ADBE Adobe Systems, Inc. (stock symbol) ) today announced the Adobe Foundation, a global philanthropic organization focused on driving positive social change and community improvement. Formation of the foundation builds on Adobe's long history of philanthropy -- including grantmaking, software donations and training, employee volunteer programs and education initiatives -- focused on making the communities where Adobe operates strong and more vibrant places to live, work and do business. Adobe has historically allocated one percent of its annual net income to philanthropic giving, managed through a donor-advised fund at the Silicon Valley Community Foundation (SVCF SVCF Silicon Valley Children’s Fund ). Going forward, these funds will be managed by the Adobe Foundation, creating a closer connection between Adobe and its philanthropic interests. The Adobe Foundation will initially manage Adobe's flagship community program, Adobe Youth Voices, and administer new programs in the future. The Foundation's Adobe Youth Voices (AYV AYV Adobe Youth Voices ) program aims to empower pre-teen and teenage youths in underserved communities with hands-on experiences and digital tools, enabling them to communicate their ideas and share their stories in a range of mediums. Intended to deepen student passion for learning and activism by engaging youth on matters of personal interest, AYV programs are offered through 75 schools and non-profit organizations worldwide. AYV participants walk in the footsteps of some of the world's best-known creative minds, using the same video, multimedia, digital art, Web, animation and audio tools. The tools and instruction offered through AYV have enabled students to make expressive projects tackling diverse social issues ranging from bullying and gang violence to teen pregnancy and climate change. Student projects have been showcased at prestigious venues such as the Human Rights Watch Film Festival and the Sundance Film Festival. Highlights of student projects can be found by visiting http://www.adobe.com/aboutadobe/philanthropy/youthvoices. "The Foundation is a natural extension of Adobe's 25-year history of giving back," said Shantanu Narayen Shantanu Narayen is currently the President & Chief Operating Officer of Adobe Systems since 2005. He started his career at Apple Computer. He received his MBA from the Haas School of Business in 1993. , Adobe's president 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. . "Adobe's products and technologies empower people to express themselves creatively and engage audiences in virtually every medium. The Foundation and the AYV program will enable under-privileged youth to learn new digital skills and, even more importantly, become more informed, engaged global citizens." "Adobe Youth Voices aligns with our corporate philosophy, products and values. We're very proud to be taking this step to manage our philanthropic activities at Adobe," said Michelle Mann, executive director of corporate social responsibility and director of the Adobe Foundation. "The Foundation will help our current program be even more effective and expand our programs into more countries." In 2007, Adobe donated more than $25.4 million in cash and software to schools and nonprofits throughout the world, including: the Institute of Contemporary Art in Boston; Rebuilding Together Rebuilding Together is a non-profit organization dedicated to revitalizing and rebuilding communities, buildings, and houses for low-income homeowners and neighborhoods through the use of volunteer labor. Silicon Valley; Jan Madhyam in New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. ; Give2Asia in Beijing; the Glide Foundation The Glide Foundation is a charity organization based in San Francisco, named after and run by Glide Memorial Church. It is known for working with investor Warren Buffett who has donated the proceeds from his eBay "Power Lunch with Warren Buffett" auctions to Glide. in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden ; IslandWood in Seattle; and iSisters Technology Mentoring Inc. in Ottawa, Canada. About Adobe Youth Voices Adobe Youth Voices is a global philanthropic initiative that empowers youth worldwide to comment on their world using multimedia and digital tools to communicate and share their ideas, demonstrate their potential and take action in their communities. Now in its second year, Adobe Youth Voices is bringing digital tools and training to students and educators at 75 schools and nonprofit organizations worldwide, including sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom, Canada and India. For more information, visit www.adobe.com/go/youthvoices. About the Adobe Foundation The Adobe Foundation is a 501(c)(3) private foundation created and funded by Adobe Systems Incorporated to leverage human, technological and financial resources to drive social change and community improvements. The organization honors the philanthropic spirit initiated by Adobe founders John Warnock John Warnock (b. October 6, 1940) is an American computer scientist best known as the co-founder with Charles Geschke of Adobe Systems Inc., the graphics and publishing software company. Although retired as CEO in 2001, he still co-chairs the board with Geschke. and Chuck Geschke. The Foundation aligns its giving to support communities where Adobe has employees, focusing on issues including homelessness, hunger, arts/culture, environment and access to technology for people with disabilities. About Adobe Systems Incorporated Adobe revolutionizes how the world engages with ideas and information - anytime, anywhere and through any medium. For more information, visit www.adobe.com. [c] 2008 Adobe Systems Incorporated. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners. |
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