Domini Social Investments and U.N. Foundation Join to Protect Children's Health and the Environment; Domini Global Giving Fund Matches Donors' Grants Up to 100%.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 -- Donors to the newly launched Domini Global Giving Fund can help fund solar-energy entrepreneurs in Africa, clear minefields in Vietnam, save coral reefs coral reefs, limestone formations produced by living organisms, found in shallow, tropical marine waters. In most reefs, the predominant organisms are stony corals, colonial cnidarians that secrete an exoskeleton of calcium carbonate (limestone). , protect sea turtles and mountain gorillas, develop alternatives to child marriage, eradicate polio polio: see poliomyelitis. , and prevent the spread of other diseases including AIDS, tuberculosis, malaria, and measles measles or rubeola (r  bē`ələ), highly contagious disease of young children, caused by a filterable virus and spread by droplet spray from the nose, mouth, . Grants made through this innovative donor-advised charitable fund help safeguard children's health Children's Health Definition Children's health encompasses the physical, mental, emotional, and social well-being of children from infancy through adolescence. and protect the environment worldwide. Grants can currently be directed to one or more of the following programs: --Clean Energy for Africa --Clear Landmines --The Global Fund to Fight AIDS, Tuberculosis and Malaria --Measles Initiative --Polio Eradication --Protect Earth's Wilderness --Protect Marine Life in the Eastern Pacific --Save the Coral Reefs --Stop Child Marriage --World Heritage Partnership: Congo Wildlife Protection --Crisis Response Fund(a) The Domini Global Giving Fund was launched by the Domini Foundation, a nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. created by Domini Social Investments, a leading manager of mutual funds for socially responsible investors. It offers donors the opportunity to give through trusted organizations that have a proven record of achievement. In partnership with the United Nations Foundation, the Domini Global Giving Fund matches donors' grants to specific programs by up to 100%. In addition, 100% of funds raised go directly to the implementing partner of the specified program. Unlike other charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. , the UN Foundation does not use any of donors' grant money for transaction or processing fees. Details are available at www.dominiglobalgiving.org. "The Domini Global Giving Fund is an important complement to our mutual funds for social investors," said Amy Domini Amy Domini is an American investment adviser and author known for her work in "social investing". As one of the founders of KLD Research & Analytics, Inc., she helped created the Domini 400 Social Index, a stock market index selected according to a set of social and environmental , founder 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 Domini Social Investments. "Just as our investment products help support communities and promote corporate social responsibility in the U.S. and Europe, the Domini Global Giving Fund helps protect the environment and children's health in the developing world while supporting the overall efforts of the UN Foundation. Ms. Domini continued, "The Domini Global Giving Fund offers U.S. donors a simple way to make a difference around the world." Like a private foundation, a donor-advised fund allows donors to deduct contributions for the year in which they are made, to avoid paying capital gains tax on contributions of appreciated securities, and to trim the value of their estate and therefore reduce their potential liability to estate tax. In addition, a donor-advised fund offers tax deductions Tax deduction An expense that a taxpayer is allowed to deduct from taxable income. tax deduction See deduction. on contributions that exceed those of private foundations, and is generally easier to set up and administer. (a) The Crisis Response Fund does not receive matching funds Noun 1. matching funds - funds that will be supplied in an amount matching the funds available from other sources cash in hand, finances, funds, monetary resource, pecuniary resource - assets in the form of money . About the Domini Foundation The Domini Foundation, a nonprofit humanitarian organization, is the sponsor of the Domini Global Giving Fund. The aim of the Domini Foundation is to finance programs that improve children's health and protect the environment. The address of the Foundation is 536 Broadway, 7th floor, New York, NY 10012. About the United Nations Foundation The United Nations Foundation promotes a more peaceful, prosperous, and just world by supporting the United Nations and its Charter. Through its grantmaking and public-private partnerships Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. , the UN Foundation addresses the most pressing health, humanitarian, socioeconomic, and environmental challenges of the 21st century. In partnership with the Domini Foundation, the UN Foundation proposes programs to be supported by the Domini Global Giving Fund, and provides matching funds for grants allocated to these programs. About Domini Social Investments Domini Social Investments manages more than $1.8 billion in assets for individual and institutional mutual fund investors seeking to create positive change in society by integrating social and environmental standards into their investment decisions. Its flagship fund, the Domini Social Equity Fund (NASDQ: DSEFX), is the first and largest index fund to use social, environmental, and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. standards. The Fund seeks to include companies with positive records in community involvement, the environment, diversity, and employee relations, and excludes companies deriving significant revenues from alcohol, tobacco, gambling, nuclear power, and weapons contracting. Each investor should consider the Domini Funds' investment objectives, risks, charges, and expenses carefully before investing. Obtain a copy of each Fund's current prospectus for more complete information on these and other topics by calling 1-800-762-6814 or at www.domini.com. Please read the prospectus carefully before investing or sending money. Past performance is no guarantee of future results. The Domini Funds are subject to market risks and are not insured. Investment return, principal value, and yield will fluctuate so that an investor's shares when redeemed may be worth more or less than their original cost. You may lose money. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing securities regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. DSIL DSIL Domini Social Investments LLC DSIL Direction du Système d'Information Local Investment Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (DSILD) is distributor of the Domini Funds. The Domini Global Giving Fund (DGGF) is not a mutual fund, and is not a program or activity of Domini Social Investments LLC. The DGGF is an independent public charity, not an investment or security. Donations made to the Domini Global Giving Fund are not investments, and should not be confused with any investment products sponsored by Domini Social Investments. The Domini Foundation is a charitable foundation separate from Domini Social Investments LLC. Contributions made to the DGGF are irrevocable and cannot be returned. For more information about the DGGF, please request our Gifting Booklet. Please read the Gifting Booklet carefully before contributing. Individuals considering a contribution to the DGGF should consult their legal or tax advisors. The DGGF is tax-exempt under Section 501(c)(3) of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. . The DGGF is not guaranteed or insured by any governmental body. Account values will fluctuate. The DGGF is not affiliated with, and is not expressly endorsed by, the United Nations. The Domini Foundation and the UN Foundation are not affiliated. 12/05 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion