[cma-l] Cable & Wireless applications invited - UK wide

[jaqui devereux]

Charitable foundation set up by telecomms group will offer funding worth
about £300,000 this year, says management team chair Tracy O'Brien

The telecommunications company Cable&Wireless Worldwide has launched a
charitable foundation and is inviting charities to apply for funding worth
about £300,000.

The Cable&Wireless Worldwide
Foundation<http://www.cw.com/about-us/corporate-responsibility/community/foundation/>said
it would support registered charities that it could work with to use
communications technology to help improve the lives of people with special
needs.

The foundation will receive £200,000 this year from the company and wants to
raise a further £100,000 through employees' fundraising activities.

Tracy O'Brien, chair of the foundation management team, said* *it would be
aiming to work with charities with which it could develop partnerships. She
said she wanted the foundation not only to provide money, but also to access
Cable&Wireless's expertise in communications.

>From the financial year 2012/13, said O'Brien, the foundation would receive
0.5 per cent of the company's pre-tax profit, which was £132m this year. It
would also continue to receive money from employee fundraising. She
estimated the two together would amount to more than £1m.

The available money was likely to be spent during each financial year rather
than put into an endowment, said O'Brien.

O'Brien said the foundation was international, but that funding would be
given out in proportion to where Cable&Wireless staff were based. The UK and
India are its two largest bases.

"We're keen on long-term projects, but we won't discount short projects,"
she said.

"We hope to have a close relationship with our charity partners. We want to
maximise our resources to their benefit. Charities should make it clear how
this would work."

Charities that are interested in applying to the foundation should visit its
website<http://www.cw.com/about-us/corporate-responsibility/community/foundation/>.
The deadline for applications is 1 August.


-- 
Jaqui Devereux
Director, Community Media Association
0114 279 5219

--
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