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GlaxoSmithKline, and National Academy Foundation Win Prestigious Corporate Philanthropy Award

GlaxoSmithKline, and National Academy Foundation Win Prestigious Corporate Philanthropy Award

Published 02-26-07

Submitted by GSK

NEW YORK--(BUSINESS WIRE)--Feb. 26, 2007--GlaxoSmithKline and are presented awards for excellence in their corporate philanthropy initiatives today on National Corporate Philanthropy Day. In addition, the National Academy Foundation is recognized for its exceptional corporate/nonprofit partnerships.

According to the most recent data available, GlaxoSmithKline dedicated more than $650 million in 2005 to their philanthropy initiatives (17% cash donations, 83% product and services). As their signature program, GSK is a founding member of the Global Alliance to Eliminate Lymphatic Filariasis (LF) and has already treated well over 100 million people, making significant strides to eliminate this crippling yet preventable disease.

GSK is recognized for the extraordinary leadership of CEO Jean-Pierre Garnier in integrating the company's community involvement into all aspects of the business -- from employee recruitment to senior cross-business leadership teams -- ensuring program sustainability and company-wide support. GlaxoSmithKline is a leader and champion for the pharmaceutical industry, urging its peers to dedicate resources to the health and aid of society.

"I am proud to receive this CECP award in recognition of the impact of GSK's national and international philanthropic activities," said Jean-Pierre Garnier, CEO, GlaxoSmithKline. "Through our biggest program we have already donated 600 million treatments to some of the poorest countries of the world, to help eliminate a disease that has been around for thousands of years. Our employees are strongly motivated by our leadership and work with communities as it is a reflection of our business goal-improving lives." uses its resources, people, technology and relationships to improve the communities in which they do business. has a unique business model that calls for 1% equity, 1% time, and 1% product to be donated to the nonprofits that address their communities' needs. Their foundation was started six months after the company was formed, and is now a fully-integrated part of the company's culture.

Marc Benioff, CEO and chairman of the company's foundation, is presented this award for establishing this creative business model, and for actively encouraging business partners like Google to follow a similar path.

"The result of integrating giving back into our business model has exceeded my greatest expectations: more than 1,500 nonprofits are using our application for free, more than 40,000 hours have been given to make a difference in our communities, and millions of dollars in grants have helped young people all over the world," said Marc Benioff, Chairman & CEO, "We are honored and thrilled to receive the CECP award, and we encourage other corporations to adopt the 1-1-1 philanthropy model and make the world a better place through the use of their own resources."

National Academy Foundation, nominated by both Citigroup and Pearson, is recognized for its excellence in corporate partnerships. The nonprofit organization sustains a network of career-themed college preparatory academies based on business-education partnerships. Over two decades these schools have supported hundreds of thousands of young people, mostly from under-served school districts, with top quality education.

Through corporate partnerships this organization provides real-world educational opportunities as well as thousands of paid internships for high school students. National Academy Foundation is working to successfully affect systemic change in education through this innovative model.

"Private-public partnerships are the cornerstone of NAF's educational reform design," said JD Hoye, President, National Academy Foundation. "Our growth and success can be directly attributed to the value our corporate partners have placed on connecting youth with hands-on experiences in the workplace. Without their support, many of the young people who find clarity of purpose through internships would be less prepared for their future in society."

These awards recognize the CEO leadership, innovation, measurement practices, and partnerships in philanthropy. Companies across the country are thoroughly integrating their philanthropy initiatives into their organizations, and contributing hundreds of millions of dollars in products, services, and employee time to the aid of society.

Since 2000, the Committee Encouraging Corporate Philanthropy's (CECP) Excellence in Corporate Philanthropy Awards have been presented annually to companies such as Cisco, GE, Pfizer, Target, IBM, Hasbro, Whole Foods Market, and Timberland.

The Excellence Awards selection committee is composed of experts from the corporate, government, media, nonprofit, social investing, consulting and academic communities.

The Excellence in Corporate Philanthropy Awards are presented on National Corporate Philanthropy Day, February 26th -- celebrating the tremendous impact of corporate community investment, and inspiring corporate America to engage further in strategic philanthropy.

Paul Newman and Ken Derr are the founding co-chairs of the Committee Encouraging Corporate Philanthropy (CECP), the only international forum of business CEOs and Chairpersons pursuing a mission exclusively focused on corporate philanthropy. CECP's mission is to lead the business community in raising the level and quality of corporate philanthropy. Engaging with the public, private, and independent sectors, CECP members seek and create opportunities to serve as corporate giving advocates, practitioners, educators, and spokespersons to advance the case for philanthropy and to inspire other business leaders to make a lasting commitment to community giving.

Copyright Business Wire 2007

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GlaxoSmithKline (GSK) is one of the world's leading pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more, feel better and live longer. GSK has a comprehensive global programme of community partnerships focused on improving health and education. In the UK, GSK supports over 70 charitable organizations in health, science education, the arts and the environment.

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