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Local Students Learn Valuable Lessons

Submitted by: Nestlé

Categories: Philanthropy & Corporate Contributions, Academia

Posted: Sep 23, 2008 – 08:31 AM EST


Innovative New Program Provides Hands-On Charitable Experience

GLENDALE, Calif., Sept. 23 /PRNewswire/ -- Nestle USA is pleased to announce its lead sponsorship of the newly created Pasadena Independent Schools Foundation (PISF) — a unique community service program designed to teach students about the value and importance of philanthropy. Nestle and other contributing sponsors have committed $75,000 in grant money to PISF to enable participating middle to high school-aged students to engage in hands-on grant-making through the formation of a private foundation.

"Nestle is committed to supporting education in our community," said Rob Case, president of the Nestlé Beverage Division in Glendale, Cal. "This program will help kids grow and learn by challenging them to understand the world around them and the impact they can have through charitable giving."

The program, which begins this fall, will include five Pasadena area schools: Chandler, Polytechnic, Flintridge Prep, Westridge and New Horizon. Students will acquire important leadership skills and will learn about the challenges of running charitable operations. Under the guidance of advisors, students will ultimately make grants to eight local charitable organizations throughout the school year.

"We are thrilled to have Nestle USA join us in support of this important philanthropic program benefiting children and families in our local community," said Jonathan D. Jaffrey, founder of PISF and president of Springbanc Philanthropy Advisors, a Los Angeles-based philanthropic consultancy that helps high net worth individuals and families establish and operate private foundations.

Other sponsors include Acosta & Co., Hing Wa Lee Jewelers, Richard McWhorter, Smith Brothers Restaurants, Stanislawski & Harrison Accounting, Hahn & Hahn, Professional Business Bank, Springbanc Philanthropy Advisors and the Pasadena Outlook.

Nestle USA regularly contributes to the educational and social development of youth across the nation. Through the Nestlé Adopt-A-School program, employees donate thousands of hours each year teaching, being positive role models, and reading to young children at local elementary schools. More than 1,200 employees proudly serve nearly 59 schools throughout the country.

About Nestle USA
Named one of "America's Most Admired Food Companies" in Fortune magazine for the eleventh consecutive year, Nestle USA provides quality brands and products that bring flavor to life every day. From nutritious meals with LEAN CUISINE(R) to baking traditions with NESTLE(R) TOLL HOUSE(R), Nestle USA makes delicious, convenient, and nutritious food and beverage products that enrich the very experience of life itself. That's what "Nestle. Good Food, Good Life" is all about. Nestle USA, with 2007 sales of $8.25 billion, is part of Nestlé S.A. in Vevey, Switzerland — the world's largest food company — with sales of $90 billion. For product news and information, visit http://www.nestleusa.com/ or NestleNewsroom.com.

About Springbanc Philanthropy Advisors
Springbanc Philanthropy Advisors is an LA-based philanthropic consultancy working with high net worth families, foundations and social entrepreneurs to achieve profound results in charitable giving. Services include strategic planning, governance and board formation assistance, charitable research, meeting facilitation, and developing and managing grant-making programs, as well as fully outsourced solutions for most foundation and program management needs. For more information visit: www.springbanc.com.

For more information, please contact:

Clare Maher Springbanc
Phone: +1-626-806-6506
Joanne Crawford Nestle USA
Phone: +1-818-549-6861


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