Navigation Links
Bayer Corporation Renames Its U.S. Foundation, Refocuses Charitable Giving Areas
Date:1/10/2008

Changes Align with Company's Global Philanthropy

PITTSBURGH, Jan. 10 /PRNewswire-USNewswire/ -- Bayer Corporation announced today it has changed the name of its corporate philanthropic arm to Bayer USA Foundation (from Bayer Foundation) and, under the new name, refocused one of the Foundation's four strategic giving areas, while maintaining the other three.

Bayer USA Foundation is one of three global foundations in Bayer's corporate social responsibility (CSR) portfolio. The rebranding and refocusing of Bayer USA Foundation is part of the company's overall strategic alignment of its global philanthropic operations.

While focusing the activities within the global CSR concept of Bayer, the mission of the Bayer USA Foundation will essentially stay the same. Bayer USA Foundation will continue to support programs that enhance the quality of life; provide unique and enriching opportunities that connect diverse groups; and ensure preparedness for tomorrow's leaders -- thereby, resulting in sustainable partnerships that continually improve communities in which Bayer employees live and work, as well as society, at large.

Bayer USA Foundation's four giving areas include Arts and Culture; Education and Workforce Development; Environment and Sustainability; and Health and Human Services. The new category, Environment and Sustainability, replaces Civic and Social Service programs, which will now be incorporated into the Health and Human Services sector.

"Bayer has long had an overarching tradition of corporate social responsibility which we demonstrate in myriad ways, including our philanthropic activities. The evolution of the Bayer USA Foundation is part of a tradition begun in the early 20th Century with the establishment of our first foundation which was aimed at promoting foreign studies by medical students. Today, our commitment to health care, education and the arts remains firm, while the area of environment and sustainability reflects current needs and concerns of our employees and the population at large," said Dr. Attila Molnar, President and CEO, Bayer Corporation, and President, Bayer USA Foundation.

The renaming of the Bayer USA Foundation is the latest announcement made by Bayer regarding the restructuring of the company's global philanthropic operations. In 2007, Bayer AG announced the formation of two new global foundations: Bayer Science & Education Foundation and Bayer Cares Foundation. Bayer Science & Education Foundation seeks to sustainably strengthen education and research and to promote excellence, particularly in segments that innovatively link the areas of health care, nutrition and high-tech materials. The Foundation funds school programs, scholarship programs, scientific awards and foundation professorships and symposia.

With a focus on social and environmental activities, Bayer Cares Foundation works to sustainably improve living conditions in the communities surrounding the Bayer sites and helps meet basic social needs, particularly through projects aimed at helping people help themselves and strengthening volunteerism. This foundation awards grants to volunteer projects; international social projects; and disaster and emergency aid.

About Bayer Corporation

Bayer Corporation, headquartered in Pittsburgh, is a subsidiary of Bayer AG, an international health care, nutrition and innovative materials group based in Leverkusen, Germany. In North America, Bayer had 2006 net sales of 7.8 billion euros and employed 17,200 at year end. Bayer's three subgroups, Bayer HealthCare, Bayer CropScience and Bayer MaterialScience, improve people's lives through a broad range of essential products that help prevent and treat diseases; protect crops and enhance yields; and advance automobile safety and durability. In addition, Bayer Corporate and Business Services provides business-critical services and market-competitive solutions to Bayer subgroups in the North American Region.

Find more information at http://www.BayerUS.com.

Forward-Looking StatementsThis news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our annual and interim reports filed with the Frankfurt Stock Exchange. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.


'/>"/>
SOURCE Bayer USA Foundation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. IVCC launches groundbreaking insecticide projects with Bayer and Syngenta
2. AUDIO from Medialink and Bayer: Simple, Focused Ways to Boost Womens Health
3. Bayer HealthCare Cleared to Acquire Citracal(R)
4. Genzyme and Bayer Schering Pharma AG, Germany to Present New Data on Alemtuzumab in Multiple Sclerosis at ECTRIMS
5. Bayer Foundation Grant Creates Graduate Engineering Fellowship at University of Houston
6. AUDIO from Medialink and Bayer: Is Your Pain Reliever Undermining Your Aspirin Therapy?
7. Bayer Temporarily Suspends Global Trasylol(R) Marketing
8. AUDIO from Medialink and Bayer: Lifesaving Benefits of Low-Dose Aspirin Therapy Maintained with Naproxen Sodium
9. Bayer Plants Trees With Chartiers Valley Intermediate School Students, Provides Free Environmental Education Materials
10. Bayer Awards Making Science Make Sense Grant to Girl Scouts
11. Bayer HealthCare Pharmaceuticals and MedAssets Supply Chain Systems Sign a Three-Year Agreement for Magnevist(R) Magnetic Resonance Contrast Media
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... Ellevate Network, the leading network for professional women, brought together some of ... their inaugural Summit in New York City in June. The event was livestreamed with ... 3 million. To watch the Mobilize Women video, click here . , ...
(Date:10/13/2017)... , ... October 13, 2017 , ... ... be giving viewers the lowdown on sciatica in a new episode of "Success ... focuses on current events and innovation and investigates each subject in-depth with passion ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian history ... The Brink” is the creation of published author, William Nowers. Captain Nowers and ... WWII veteran, he spent thirty years in the Navy. Following his career as ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of ... announced today its plans to open a flagship location in Covington, LA at 401 ... Rooms To Go store next to Office Depot in the Holiday Square shopping center. ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical Informatics ... PhD, FACMI, during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s ... of Morris F. Collen, a pioneer in the field of medical informatics, this prestigious ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... 2017  True Health, a leader in integrated ... during National Breast Cancer Awareness month to educate ... Research recently published ... more than 10 million American women are at ... or BRCA2 and have not had testing. These mutations ...
(Date:10/7/2017)... , Oct. 6, 2017   Provista, a ... than $100 billion in purchasing power, today announced a ... information. The Newsroom is the online home ... trends, infographics, expert bios, news releases, slideshows and events. ... to a wealth of resources at their fingertips, viewers ...
(Date:10/4/2017)... Oct. 4, 2017 OBP Medical ... illuminating medical devices, today announced regulatory approval from ... Agency (or Agência Nacional de Vigilância Sanitária (ANVISA)) ... cordless surgical retractor with integrated LED light source ... illumination and exposure of a tissue pocket or ...
Breaking Medicine Technology: