CENT-DONATIONS CATCH ON
Munich, Dec 20, 2012
The WACKER HILFSFONDS’ (WACKER’s relief fund) cent-donation program makes it possible for the foundation to finance the entire running of a 200-student school in Sri Lanka – covering the teachers’ salaries, teaching materials, school uniforms and subsidized lunches, right up to tenth grade.
In the first year of its existence, some 4,300 employees have already signed up to take part in the WACKER relief fund’s cent-donation program. An entire school in Kosgoda, Sri Lanka can therefore now continue its operations thanks to WACKER employees’ donations to the program. WACKER’s relief fund has been helping tsunami victims since 2005. It has used WACKER employees’ donations to meanwhile rebuild the schoolhouse in Kosgoda and finance the teaching of four classes.
With minimal amounts, every employee in Germany can contribute to ensuring that WACKER’s relief fund can continue to support its partners in the long term. How can this be achieved? Employees give their consent to have their monthly salary rounded down to the nearest euro. The difference in cents is then donated to WACKER HILFSFONDS. On average, the participating employees donate 50 cents per month. After this sum has been doubled by the Executive Board, the program currently generates a monthly total of over €4,200 – thus an annual sum of over €50,000.
The WACKER relief fund is also setting a precedent in China, Haiti and Pakistan. True to the principle of “helping people to help themselves,” the WACKER relief fund has been supporting programs that give victims of natural disasters the chance of a better life. The foundation focuses on education for children and young people.