PND (8/29/2000) -- National Semiconductor Corporation Establishes Foundation

The Community Foundation Silicon Valley has announced a $20 million commitment from National Semiconductor Corporation, headquartered in Santa Clara, California, to establish a charitable foundation. Established as a donor-advised fund within the Community Foundation Silicon Valley, the National Semiconductor Corporate Foundation will fund programs that address selected critical community needs worldwide; improve math, science, and technology curriculums in K-12 classrooms; and support university programs aligned with the company's business objectives.

The foundation's first grant — a $100,000 cash donation — was presented to Resource Area For Teachers (RAFT), a San Jose, California-based nonprofit organization that collects and distributes surplus items from Silicon Valley companies and sells them at a minimal cost to teachers for use in the classroom. National also will make available $50,000 worth of in-kind training for teachers to participate in its Global Connections Training Courses. Through Global Connections, National has provided hands-on training for more than 9,000 teachers worldwide in creative ways to use the Internet in the classroom.

FCnote: The Community Foundation Silicon Valley (CA) had assets of $290,030,525 and made grants totaling $26,953,959 in the fiscal year ending 6/30/99.

"National Semiconductor Creates $20 Million Charitable Foundation at Community Foundation Silicon Valley; Program Will Focus on Education and Community Needs." Community Foundation Silicon Valley Press Release 8/28/2000.

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