Pearson announced today that, to support and increase its efforts to maximise social impact, it will integrate its corporate responsibility activities and functions into its business and, as of 2015, will no longer fund the Pearson Charitable Foundation as the primary vehicle for its philanthropic and community activities. Having been informed of this change in its funding, the Foundation Board of Directors on November 17 passed a resolution to wind down its operations and close at the end of 2014.
Since 2003, the Foundation has contributed more than $130 million to programs that improve learning opportunities for people throughout the United States and globally.
Pearson’s Chief Corporate Affairs Officer, Kate James, said:
“Pearson’s purpose is to empower people around the world to make progress through learning. Our corporate responsibility investments are central to our efforts to deepen our contribution to education worldwide.
“After a highly successful decade supporting good causes through the Pearson Charitable Foundation, we believe that we will achieve even greater impact through an integrated approach that leverages Pearson’s extensive global network, knowledge and expertise, and products and services to improve education for learners everywhere.
“Pearson will maintain its longstanding commitment to investing at least one percent of operating profits into the communities in which it works, working particularly through our new flagship effort focused on improving literacy, launched earlier this year.
“We are inspired by the motivation, spirit and innovation of our Foundation colleagues and partners in their efforts to improve education over the last ten years, and are committed to taking forward the lessons and legacy of their work.”
Pearson Charitable Foundation Chief Executive, Mark Nieker, said:
“The Foundation is proud of the contribution it has made for teachers and students around the globe in the course of our history, with the support of Pearson and our other funders. We would like to extend our thanks to the vast number of organizations, institutions, teachers and students we have had the privilege to work alongside.”
Pearson is working with the Foundation team to facilitate the transition of the Foundation’s work and programs to ensure that the interests of its charitable partners and beneficiaries are protected. Some programs will draw to a close, while others will be taken forward by other charitable organizations that share the Foundation’s mission and values.
Visit www.pearsonfoundation.org for more information on the history of the Pearson Foundation.
Visit pearson.com/social-impact.html for more information on Pearson’s corporate responsibility program.
About Pearson PLC
Pearson is the world’s leading learning company, providing educational materials and services, and business information through the Financial Times Group. Pearson serves learners of all ages around the globe, employing 40,000 people working across more than 80 countries. For more information, visit www.pearson.com.
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About the Pearson Charitable Foundation
Since 2003, the Pearson Charitable Foundation, a 501(c)(3) nonprofit organization, has served as Pearson’s philanthropic arm, promoting literacy, learning and great teaching. The Pearson Charitable Foundation collaborated with leading businesses, nonprofits and education experts to share good practice; foster innovation; and find workable solutions to the educational disadvantages facing young people and adults across the globe. More information on the Pearson Charitable Foundation can be found at www.pearsonfoundation.org.