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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%
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%
Published 12-01-05
Submitted by Domini Social Investments
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
