RESEARCH TRIANGLE PARK, NC ? September 3, 2008: Lenovo announced today that Lenovo Hope Fund grants totaling approximately $80,000 in cash and equipment have been distributed to 35 non-profit organizations. The Lenovo Hope Fund supports charitable organizations worldwide that are founded by Lenovo employees or where Lenovo employees have taken an active volunteer role.
“As Lenovo increases its presence worldwide, we are developing strong relationships with the communities where we work and have established a fund to help our employees fuel their charitable work,? said Deepak Advani, chief marketing officer, Lenovo. “We are committed to donating one percent of our profits worldwide to charitable causes, and the Lenovo Hope Fund allows our employees to be more directly involved in that effort.”
Included in the list of U.S.-based recipients were:
Special Olympics of North Carolina
Magnificent Mile (benefitting the Spastic Paraplegia Foundation)
Hope Web Design
Special Olympics of North Carolina (SONC) provides more than 16,000 children and adults with intellectual disabilities in the state with the opportunity to participate in sports training and competition. “Lenovo has provided Special Olympics with important funding and volunteers, which makes them a wonderful partner,” said Keith L. Fishburne, president/CEO of Special Olympics North Carolina. In addition to Lenovo?s financial support, more than 50 Lenovo volunteers spent a full Saturday in June assisting athletes and timers in the annual Special Olympic Games. www.sonc.org
The Spastic Paraplegia Foundation is a U.S. organization dedicated to finding cures for and providing information and support to people affected by Primary Lateral Sclerosis (PLS) and Hereditary Spastic Paraplegia (HSP). Jeff Witt, a Lenovo employee who together with his wife created the Magnificent Mile run fundraiser for SPF, said, ?Running for those who can no longer run is a tremendous gift. The support of Lenovo, a company with the global reach and reputation, provides an emotional boost to people who face the ravages of a motor neuron disease.? The Magnificent Mile Run is scheduled for September 14, 2008; details are available at www.magmilerace.com.
Hope Web Design was started by California-based Lenovo employees to provide personalized web sites to children battling cancer to empower communication between family members and friends. Lenovo?s equipment and cash donations will support the organization?s ?Reach 50 in 2008,? which aims to provide free, personalized web sites to 50 individuals, 18 years of age or younger, who have been diagnosed with cancer. www.hopewebdesign.org
Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building exceptionally engineered personal computers. Lenovo?s business model is built on innovation, operational efficiency and customer satisfaction as well as a focus on investment in emerging markets. Formed by Lenovo Group?s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services worldwide. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.
About the Lenovo Hope Fund
The Lenovo Hope Fund is drawn from Lenovo?s social investment pool. The Fund?s mission is to support organizations and causes which are important to Lenovo?s employees and the company. For more information see the Triangle Community Foundation, which manages grant applications to the Fund at www.trianglecf.org/lenovohopefund.