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

ability 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 subg
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SOURCE Bayer USA Foundation
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