Tuesday, May 27, 2008

NIKE FOUNDATION TO INVEST $100 MILLION IN GIRLS

The Nike Foundation and Peter and Jennifer Buffett, co-chairs of the NoVo Foundation, announced today an innovative collaboration to invest in “the girl effect”: the ability of adolescent girls in developing countries to bring unprecedented social and economic change to their families, communities and countries.



In impoverished communities, lack of resources drives girls out of school and into early marriage, childbirth, and HIV infection at rates dramatically higher than boys. The results are irreversible for girls, and devastating to communities caught in intergenerational cycles of poverty. Yet when girls gain a different path – supported, educated and empowered – everyone benefits.

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