Samsung Donates Rp 81 Million from Auction to YCAB Foundation
FOR IMMEDIATE RELEASE
Jakarta, 16 May 2011 – Yayasan Cinta Anak Bangsa (YCAB Foundation) is a recent recipient of aid from PT Samsung Electronics Indonesia on Friday (05/13). An auction of the newest Galaxy Tab 10.1 tablet brought in proceedings worth Rp 81 million. The thinnest tablet in the world was purchased by one of the guests attending the gala dinner and auction held at the Ritz Carlton, South Jakarta.
“Through this launching of Galaxy Tab 10.1, Samsung would like to give contribution to Indonesia as the funds generated from the auction will be donated to YCAB Foundation; symbolizing our concern for the Indonesian youth” said Managing Director of PT Samsung Electronics Indonesia Mr. Yoo Young Kim.
YCAB Foundation has focus in youth development through three areas of concentration: healthy lifestyle promotion, education provision and economic empowerment. “It is an honor to be the only foundation entrusted with the donation from the Samsung Galaxy Tab 10.1 auction. The donation will be allocated to our youth development programs to help underprivileged children develop their potential through our education program in Rumah Belajar (House of Learning and Development),” said Founder/CEO YCAB Foundation Veronica Colondam during the event that was also attended by Samsung’s corporate partners, Telkomsel and BCA.
The donation which given to YCAB Foundation is one of the Samsung’s comitments to give contribution to Indonesian youths. “We hope this momentum will serve as a milestone, marking a partnership between YCAB Fopundation and Samsung to improve the quality of lives of underprivileged children in Indonesia,” said Veronica.
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About Samsung Electronics
Samsung Electronics Co., Ltd. is a leading global manufacturer of semiconductors and telecomunications, digital media, and digital convergence technology provider. With 188,000 employees at 185 branch offices in 65 countries, the company houses eight major business units, i.e.;Visual Display, Mobile Communications, Telecommunication System, Digital Appliances, IT Solution, Digital Imaging, Semiconductor, and LCD. Armed with a reputation as a fast growing global brand, Samsung Electronics is producer of outstanding digital TVs, memory chips, cellular phones, and LCD TFTs. For further information, please visit www.samsung.com .
About Yayasan Cinta Anak Bangsa
Yayasan Cinta Anak Bangsa is an independent non-profit organization in Indonesia that was established in August 1999 and became a global organization in 2011 through YCAB Foundation. YCAB Foundation is headquartered in New York and is registered as a non-profit organizations that already have the facility of tax reductions (tax deductions) through section 501 (c) (3).
YCAB Foundation aims to establish independence in adolescents with a comprehensive development approach through the Healthy Lifestyle Promotion (HELP), House of Learning and Development (HOLD), and Hands-on Operation for Entrepreneurship (HOPE).
For more information, please visit www.ycabfoundation.org
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