UBS Optimus Foundation doubles social impact investment in India to CHF 1.7 million
Additional CHF 1.3 million of new grants to India projects this year
New Delhi, 23 May 2014 - UBS Optimus Foundation announced it has doubled its investments related to social impact projects in India to CHF 1.7 million. The Foundation has added two new projects to its portfolio in India this year and plans further investment aimed at improving child health and education in the world's second-most populous nation. The Foundation will commit a total of CHF 1.3 million to the new programs.
Established in 1999 by UBS AG, the Optimus Foundation is a network of charitable foundations in Switzerland, the UK, Germany and Hong Kong. The foundation makes strategic investments in child protection, health and education programs, prioritizing the most vulnerable children and the most pressing threats to their survival and wellbeing. It has supported more than 300 programs in more than 75 countries with funds from clients, employees and UBS itself. In 2013, more than one-third of the total new grants from the Foundation were given to programs in Asia. UBS supports all of the Foundation’s administrative costs so that 100 per cent of donations go directly to support programs that improve the lives of children.
"India has many vulnerable children in need and we see many opportunities to support them, using a range of innovative and integrated solutions to maximise the positive impact on their futures," said Phyllis Costanza, CEO of the UBS Optimus Foundation. "The UBS Optimus Foundation has been providing support to education and health programs in the country for more than a decade since the start of our first program in 2001."
New projects in 2014:
Every child in school and learning well
Develop a new approach to group children according to learning levels rather than by age with a goal to improve learning outcomes of 12,000 children in 400 government schools.
Partner: ASER Center
An innovative chain of low-cost schools
Develop management tools for low-cost school providers reaching the poorest children and create an all-inclusive daily school fee model as well as a sustainable scholarship fund for those most in need.
Partners: Cadmus Education, University of Newcastle, UK
Highlights from our current projects in India:
Every child counts: math games made fun
Improve academic performance in primary school by preparing poor children for school through math games.
Partners: MIT Poverty Action Lab and Pratham Foundation
Safe Childbirth Checklist
Measurably reduce neonatal and maternal mortality in Rajasthan through a health checklist.
Partners: Public Health Foundation of India, Government of Rajasthan
Teachers and parents innovate to solve India's learning crisis
Build a movement of teachers to reach 100,000 disadvantaged children in order to improve learning outcomes in numeracy and literacy.
Partners: STIR Education, Bharti Foundation, Educate Girls, Columbia University et al.
For more information: www.ubs.com/optimus
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