National Semiconductor, one of the world’s largest computer chip makers, has created a $20 million foundation to fund educational and humanitarian programs worldwide, The San Francisco Chronicle reported Aug. 29.
The company established the foundation as a donor-advised fund at the Community Foundation Silicon Valley.
The new foundation will work with educational institutions and nonprofits to improve math, science and technology curriculums in the U.S. and abroad. Foundation funds will also be used to fight hunger, homelessness and environmental problems.
The Resource Area for Teachers, the foundation’s first beneficiary, has received a $100,000 grant and a $50,000 in-kind donation. The nonprofit sells surplus materials, donated from Silicon Valley companies, to teachers at reduced cost.
National Semiconductor has established partnerships with several educational institutions, including the University of California at Berkeley.
For full story, go to The San Francisco Chronicle.