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PBS
Foundation Receives $1 Million Grant To Establish Adobe Youth Voices
Fund
Funds Will Help Drive Development of Youth-Related Content
and Programming
ARLINGTON, Va. and SAN JOSE, Calif. — Jan. 14, 2008 — The PBS Foundation
and Adobe Systems Incorporated (Nasdaq:ADBE) today announced an
award of $1 million to the PBS Foundation from the Adobe Foundation
Fund at Silicon Valley Community Foundation. The grant, part of
the Adobe Youth Voices global philanthropy initiative, will establish
PBS’s Adobe Youth Voices Venture Fund and support PBS Foundation
operations.
Through the venture fund, PBS Foundation will help support qualified
professional and student producers in creating both original broadcast
programming focused on youth-related subject matter and incorporating
youth-generated media into public television broadcasts, on-line,
on-air and in the classroom. Youth-relevant issues and concerns
will be highlighted through original video, animation and photography.
Building on PBS’s long-standing relationships with teachers and
the education community, the Adobe Youth Voices Venture Fund will
allow PBS to engage young people around the country and encourage
production of exciting and innovative content.
“For almost 40 years, PBS has opened new worlds to American youth.We
are a trusted guide, helping young people visit new places and learn
new things. This remarkable gift represents a wonderful opportunity
to serve kids and teens in a powerful new way. Now young people
who have been educated and inspired by PBS can work with us to create
content that inspires their friends and classmates,” said Paula
A. Kerger, PBS’s president and chief executive officer.
“We believe it’s critical to arm young people with the creativity
and technology skills to succeed in today’s digital world,” said
Shantanu Narayen, Adobe president and chief executive officer. “We’re
proud the Adobe Youth Voices Venture Fund will help enable PBS Foundation
to expand the development of youth-generated content and programming
about issues relevant to youth.”
About PBS
PBS is a media enterprise that serves 355 public noncommercial television
stations and reaches nearly 73 million people each week through
on-air and online content. Bringing diverse viewpoints to television
and the Internet, PBS provides high-quality documentary and dramatic
entertainment, and consistently dominates the most prestigious award
competitions. PBS is a leading provider of digital learning content
for pre-K-12 educators and offers a broad array of other educational
services. PBS’s premier kids’ TV programming and Web site, PBS KIDS
Online (www.pbskids.org ), continue to be parents’ and teachers’
most trusted learning environments for children. More information
about PBS is available at www.pbs.org , one of the leading dot-org
Web sites on the Internet.
About PBS Foundation
The mission of the PBS Foundation is to enlist philanthropic support
of public broadcasting through establishing special initiatives
funds and a permanent endowment to ensure PBS’s continued excellence,
and to promote and enhance outstanding public broadcasting programs
and services. Working collaboratively and cooperatively with member
stations, the Foundation will secure the extraordinary funding necessary
to maintain and enhance its commitment to serving the American public.
The PBS Foundation is a 501(c)(3) organization and a 509(a)(3) supporting
organization of PBS. For more information, visit www.pbs.org/aboutpbs/pbsfoundation/index.html
About Adobe Youth Voices
Adobe Youth Voices is a global philanthropic initiative that empowers
youth worldwide to comment on their world using multimedia and digital
tools to communicate and share their ideas, demonstrate their potential
and take action in their communities. Now in its second year, Adobe
Youth Voices is bringing digital tools and training to students
and educators at 75 schools and nonprofit organizations worldwide,
including sites in the United States, United Kingdom, Canada and
India. For more information, visit:www.adobe.com/go/youthvoices
.
About Silicon Valley Community Foundation
Adobe Foundation Fund is a donor-advised fund at Silicon Valley
Community Foundation. The merger of Community Foundation Silicon
Valley and Peninsula Community Foundation took effect on Jan. 1,
2007, creating Silicon Valley Community Foundation, a catalyst and
leader for innovative solutions to the region’s most challenging
problems. Serving all of San Mateo and Santa Clara counties, the
new community foundation is among the largest community foundations
in the nation, with more than $1.9 billion in assets under management
and 1,500 philanthropic funds, including 40 corporate funds. Find
out more at www.siliconvalleycf.org .
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