Call Of Duty Endowment Donates $1.1 Million To Charity Growth
They've made billions on the Call of Duty name, so now it's time to give back a little.
The Call of Duty Endowment fund has announced $1.1 million in new grants to help local veterans' charities grow. These funds are thanks to the organization's new "Chapterization" strategy where grants are given to veterans' groups that can expand by opening new chapters, which in turn offer military vets employment services.
This comes hot on the heels of a recent Bureau of Labor Statistics 2012 Employment of Veterans report, which shows that over 20% of veterans between the ages of 18 and 24 are unemployed, which is 5% higher than their non-veteran counterparts. Said Activision CEO and Call of Duty Endowment founder Bobby Kotick:
"Our new chapterization strategy allows us to continue to have an impact on this important national issue by applying sound business principles to the veteran employment effort--and can be a model for the non-profit world. We want to support organizations that have proven business models and that are able to apply those best practices in targeted markets where the most veterans have the most need. By providing the funds to open new chapters in these targeted areas, we believe that goal will be accomplished."
The first five Endowment grants are going to Hire Heroes USA, Veterans Green Jobs, AMVETS, Still Serving Veterans and the National Chamber Foundation. Well, that's a start, at least.
3/20/2013 10:19:55 PM Ben Dutka