(1888PressRelease)
June 30, 2007 - Corporate & Business News from India's Premier Corporate Newswire, InfoMailers.com
Source: Max New York Life Insurance Co. Ltd.
Friday, June 29, 2007
Editors: Social, Education, Culture, Biz News, Corporate News, Business News, Corporate Newswire.
The funds will establish 15 large-scale help centers in Punjab
New York, NY, US, (InfoMailers.com):: The American India Foundation (AIF), a leading international development organization charged with the mission of accelerating social and economic change in India, has announced that it has received a $100,000 grant from the New York Life Foundation, a parent concern of Max New York Life. The funds will establish 15 large-scale centers in Punjab.
The grant will fund the opening of 32 Digital Equalizer Centers in a number of underserved communities across India, where Max New York Life is based. Max New York Life is one of the leading private life insurers in India and currently operates 172 offices in 120 cities.
“This grant from New York Life will provide students with the tools they need to be competitive in the workforce today,” saya Lata Krishnan, president, AIF. “These Digital Equalizer Centers will provide technology that will enhance the quality of education offered by the public school system and reach the most marginalized children across India.”
The funds will establish two full-service centers in the city of Lucknow, 15 large-scale centers in the state of Punjab, eight large-scale centers in Bhubaneshwar and seven large-scale centers in Rajasthan. Digital Equalizer Centers are established in middle and high schools and cater to students between the ages of 12 and 15. Every Center is equipped with eight to 10 multimedia computers (one computer for every 40 students) and students, teachers and school administrators are trained in various program applications
In 2004, the Taleem Research Foundation, an independent evaluator, assessed the effectiveness of the Digital Equalizer program. Data was collected at 46 schools in Bangalore, Chennai, Hyderabad, Kolkata and Mumbai through questionnaires distributed to students, teachers, principals, school administrators and city coordinators. The findings indicated schools with Digital Equalizer Centers experienced a decrease in school dropout rates, improved exam scores and better teamwork among students.
About The American India Foundation (AIF)
AIF was formed in 2001 under the leadership of President Clinton, who now serves as its honorary chair. AIF is a leading international development organization charged with the mission of accelerating social and economic change in India. It mobilizes people and resources across the United States to assist with its work in three areas: education, livelihood and public health. AIF is based in the U.S., operating in New York and Silicon Valley, and has offices in New Delhi and Bangalore in India. Please visit the AIF’s Website at www.americanindiafoundation.org.
About the New York Life Foundation
The New York Life Foundation is the major vehicle through which New York Life Insurance Company channels contributions to national and local nonprofit organizations. Through its Nurturing the Children initiative, the Foundation supports organizations, programs and services that target young people, particularly in the areas of mentoring, safe places to learn and grow, and educational enhancement opportunities. Since 1979, the New York Life Foundation has donated more than $100 million to national and local non-profit organizations.
Please visit the Foundation’s Web site at www.newyorklifefoundation.org
For further information, please contact:
Abhinav Rahul
Max New York Life
0124 – 2561717
abhinav.rahul ( @ ) maxnewyorklife dot com
Mythili Sankaran
American India Foundation
(408) 916-1973
mythili.sankaran ( @ ) aif dot org
Supriya Gupta
Genesis Burson Marsteller
+91-9899045766
supriya.gupta ( @ ) bm dot com
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