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Corporate Social Responsibility
News
12.01.2005 ET
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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%
(CSRwire) NEW YORK--(BUSINESS WIRE)--Donors to the newly launched Domini
Global Giving Fund can help fund solar-energy entrepreneurs in Africa,
clear minefields in Vietnam, save coral reefs, protect sea turtles and
mountain gorillas, develop alternatives to child marriage, eradicate
polio, and prevent the spread of other diseases including AIDS,
tuberculosis, malaria, and measles.
Grants made through this innovative donor-advised charitable fund help
safeguard children's health 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 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, 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, founder and CEO 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 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.
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, 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 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 Investment Services
LLC (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 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.
Copyright Business Wire 2005
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