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FOR IMMEDIATE RELEASE No.2828
Mitsubishi Electric's SOCIO-ROOTS Donations Surpass One Billion Yen
Matching fund has provided donations to 1,650 social welfare facilities in Japan in 22 years
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TOKYO, March 12, 2014 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the Mitsubishi Electric SOCIO-ROOTS Fund, a charitable undertaking in which the company matches employee donations, has surpassed one billion yen, or about 10 million USD, in cumulative donations over the 22-year life of the fund.
The Mitsubishi Electric SOCIO-ROOTS Fund, the company's signature initiative in the field of social welfare, was established in 1992 as one of Japan's first matching funds. Open to all company personnel in Japan, it has encouraged employees nationwide to help support activities rooted in local communities. To date, the fund has made donations to some 1,650 social welfare facilities and programs.
The fund's contributions to recovery initiatives following the 2011 Great East Japan Earthquake include ongoing donations to organizations that are funding scholarships and providing mental health services for orphans and other children. The fund will donate 30 million yen to support such children and nearly 38.6 million yen to social welfare facilities in the fiscal year ending March 2014.