The Vodafone New Zealand Foundation is Vodafone's philanthropic arm. The Foundation's strategy is to encourage positive and healthy outcomes for young New Zealanders aged 12 to 24. The Foundation is funded by grants from Vodafone New Zealand and the Vodafone Group Foundation
The Foundation operates three main programmes - the long-running grant making and the World of Difference programmes have recently been joined with a new Youth Health Fellowship, which will first be awarded in late 2010. The World of Difference Programme is the Foundation's signature programme, funding the salaries and expenses of up to six people each year, enabling them to contribute their skills working with a charity of their choice.
The Foundation also helps Vodafone employees to support causes they are passionate about. The 'Hands Up' programme gives Vodafone employees the chance to lend their specialist skills by spending up to two weeks volunteering for one of the Foundation's partner charities. The Foundation also supports employee fundraising, matching any funds raised by employees with the 'Double your Dollar' scheme.
The Vodafone New Zealand Foundation has its own website. Detailed information on its programmes and funding recipients is available there.
| 2010 | 2009 | Source / Destination |
|---|---|---|
| Foundation Income | ||
| $593,294 | $585,082 | from Vodafone New Zealand |
| $700,000 | $650,000 | from the Vodafone Group Foundation |
| Foundation Investments | ||
| $1,342,122 | $1,479,790 | total grants made in the financial year |
| $37,956 | $65,631 | grants through employee matched giving scheme |
| Total Contribution | ||
| $1,342,122 | $1,479,790 | Total donations |
| $202.5 million | $234.9 million | Net profit before tax − Vodafone New Zealand |
| 0.66% | 0.63% | Percentage of pre-tax profits donated |
